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Property profile & analytics
OFF-MARKET
Motels
522 Ocean St Santa Cruz, CA 95060-6602
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US09-2157854
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1968
Construction
TILT-UP CONCRETE
Total area
7,665 SF
Lot
0.28 ac (12,153 SF)
APN
010-011-27
UPID
US09-2157854
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
Current use
Occupant on record · Public records
-
The Islander Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Munaf M Shaikh · 27 yrs held
Munaf M Shaikh
since 1998
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 Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,303
Tax year 2024
Assessed value
$1,801,708
Assessed 2024
Previous assessed
$1,801,708
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$611,901
Assessed improvement
$1,189,807
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1968
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
22
Total area
7,665 SF
Lot
0.28 ac (12,153 SF)
APN
010-011-27
UPID
US09-2157854
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1968
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
22
Lot
0.28 ac
Current owner
From public records · entity-resolved
Munaf M Shaikh
Individual
Mailing address
522 OCEAN ST, SANTA CRUZ, CA 95060-6602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
—
Mohmed Shaikh Munaf
—
Deed
related
$329,000 · Santa Cruz Community Cu
Aug 7, 1998
—
Munaf M Shaikh
Ogihara,schin
Quit Claim Deed
related
$100,000 · Coast Commerce Bank
Jun 7, 1993
$417,500
Munaf M Shaikh
Ahn,hyun J & Byo
Grant Deed
related
$167,204 · Individual
—
—
Munaf M Shaikh
—
Deed Of Trust
related
$725,000 · Wells Fargo Bank
—
—
Munaf M Shaikh
—
Deed Of Trust
related
$465,000 · Wfb NA
—
—
Shaikh,munaf M & Roshan A
—
Loan Modification
related
$600,000 · Wells Fargo Bk
—
—
Munaf M Shaikh
—
Deed Of Trust
related
$50,000 · Elena F Aspronte Tru
—
—
Munaf M Shaikh
—
Deed Of Trust
related
$750,000 · Coast Commercial Bank
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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