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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Motels
540 Main St Morro Bay, CA 93442-2536
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3277932
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1966
Construction
WOOD
Total area
5,648 SF
Lot
0.4 ac (17,424 SF)
Zoning code
C1
APN
066-136-001
UPID
US10-3277932
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
-
Morro Bay Sandpiper Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$547k
Blend (final)
Blend
$575k
Owner & transaction history
Sai Santram Group LP · 13 yrs held
Sai Santram Group LP
since 2012
7 recorded transactions
Zoning & alternative use
C1 · Morro Bay, CA
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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro 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
by Request
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
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
$102 / 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
$19,972
Tax year 2024
Assessed value
$1,807,160
Assessed 2024
Previous assessed
$1,807,160
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$724,365
Assessed improvement
$1,082,795
Applied tax rate
6.0000
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
1966
Construction
WOOD
Heating
NONE
Total area
5,648 SF
Lot
0.4 ac (17,424 SF)
Zoning code
C1
APN
066-136-001
UPID
US10-3277932
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C1 · Morro Bay, CA
Zoning C1 · permitted uses
C1 · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morro Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
NONE
Lot
0.4 ac
Current owner
From public records · entity-resolved
Sai Santram Group LP
Entity
Mailing address
13506 WARREN AVE, MARINA, CA 93933-4992
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
May 4, 2018
—
Sai Santram Group LP
—
Deed
related
$2,880,000 · Santa Cruz County Bank
Nov 30, 2012
$1,500,000
Sai Santram Group LP
Ko Priscilla U Trust
Grant Deed
$1,150,000 · Santa Cruz County Bank
Sep 30, 2011
$1,166,389
Ko Priscilla U Trust
Pacific Oak Foreclosure
Trustees Deed
related
—
Dec 29, 2008
—
Chul S Lee
Amitage Corp
Grant Deed
$190,000 · Amitage Corp
Jan 3, 2005
$1,950,000
Amitage Corp
Ko Priscilla U Trust
Grant Deed
$150,000 · Ko Priscilla U Trust 006329
Oct 10, 2002
—
Champion,tr
Champion,tr
Quit Claim Deed
related
—
Oct 10, 2002
$1,100,000
Ko,tr
Champion,tr
Grant Deed
$155,000 · First American Exchange Corp
—
—
Amitage Corp
—
Deed Of Trust
related
$200,000 · Thomas Konig
—
—
Amitage Corp
—
Deed Of Trust
related
$200,000 · Bank Of Santa Barbara
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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