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Property profile & analytics
OFF-MARKET
Estimated value
$7,025,000
Motels
521 Hwy 1st 1 Bodega Bay, CA 94923
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1521898
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Construction
WOOD
Total area
28,872 SF
Lot
1.92 ac (83,635 SF)
APN
100-120-023-000
UPID
US09-1521898
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.03M
CAP Approach
CAP
$5.38M
Comparable Approach
Comparable
$7.03M
Blend (final)
Blend
$7.03M
Owner & transaction history
521 Boega Owner LLC · 2 yrs held
521 Boega Owner LLC
since 2024
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bodega Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bodega Bay submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,025,000
ML approach
$7,025,000
CAP Approach
CAP Return
Estimation
6%
$5,830,000
6.5%
$5,380,000
7%
$4,995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,130,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$7.03M
Range $6.32M – $7.73M · ±10% · vs last sale $7.03M (Apr 18 2024)
Last sale anchor
$7.03M
Apr 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$243 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$50,924
Tax year 2024
Assessed value
$4,243,116
Assessed 2024
Previous assessed
$4,243,116
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,004,925
Assessed improvement
$3,238,191
Applied tax rate
57.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
3
Units
45
Total area
28,872 SF
Lot
1.92 ac (83,635 SF)
APN
100-120-023-000
UPID
US09-1521898
Jurisdiction
SONOMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$11.1M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
45
Lot
1.92 ac
Current owner
From public records · entity-resolved
521 Boega Owner LLC
Entity
Mailing address
5555 CORUM CT, SAN DIEGO, CA 92130-4955
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$7,025,000
521 Boega Owner LLC
Pacific Lodging Group LP
Grant Deed
$6,400,000 · Avatar Bodega Bay LLC
Dec 1, 2015
—
Pacific Lodging Group LP
Pacific Lodging Group
Quit Claim Deed
related
—
Mar 19, 1986
$500,000
Pacific Lodgeing Group|bodega Coast Inn
—
Grant Deed
related
—
—
—
Pacific Lodging Group LP
—
Deed Of Trust
related
$975,000 · First Cmnty Bk
—
—
Lodgeing Pacific
—
Deed Of Trust
related
—
—
—
Pacific Lodging Group
—
Deed Of Trust
related
$1,680,250 · Sumitomo Bank Of California
—
—
Pacific Lodging Group
—
Deed Of Trust
related
$1,000,000 · Fremont Bank
—
—
Lodgeing Pacific
—
Deed Of Trust
related
$230,000 · Sumitomo Bank
—
—
Pacific Lodging Group
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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