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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Motels
590 Morro Ave Morro Bay, CA 93442-2247
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0575130
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Construction
WOOD
Total area
17,200 SF
Lot
0.4 ac (17,424 SF)
Zoning code
R2PD
APN
066-133-001
UPID
US09-0575130
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
-
Comfort Inn Downtown soon to be Hotel Avisa Hotel & Motel
-
Hotel Avisa Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
Twin Dolphin Hospitality LLC · 11 yrs held
Twin Dolphin Hospitality LLC
since 2014
7 recorded transactions
Zoning & alternative use
R2PD · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,590,000
6.5%
$2,390,000
7%
$2,220,000
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±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
$125 / 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
$36,443
Tax year 2024
Assessed value
$3,297,541
Assessed 2024
Previous assessed
$3,297,541
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,158,664
Assessed improvement
$2,138,877
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
1986
Construction
WOOD
Heating
NONE
Total area
17,200 SF
Lot
0.4 ac (17,424 SF)
Zoning code
R2PD
APN
066-133-001
UPID
US09-0575130
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
R2PD · Morro Bay, CA
Zoning R2PD · permitted uses
R2PD · 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
1986
Construction
WOOD
Heating
NONE
Lot
0.4 ac
Current owner
From public records · entity-resolved
Twin Dolphin Hospitality LLC
Entity
Mailing address
2759 CORAL AVE, MORRO BAY, CA 93442-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Mar 23, 2020
—
Twin Dolphin Hospitality LLC
—
Deed
related
$2,750,000 · Bank Of The Sierra
Dec 31, 2014
—
Twin Dolphin Hospitality LLC
Nathu N Patel
Quit Claim Deed
related
$2,800,000 · Wells Fargo Bank NA
Mar 2, 2007
—
Nathu N Patel
Nathu N Patel
Intrafamily Transfer
related
$3,100,000 · Santa Barbara Bank & Trust
Jan 29, 2007
—
New Cingular Wireless Pcs LLC
Patel,nathu N
Grant Deed
related
—
Jul 31, 2001
$2,300,000
Nathu N Patel
Donlin Co
Grant Deed
$1,550,500 · Heritage Oaks Bank
—
—
Patel,nathu N & Hansaben N
—
Loan Modification
related
$1,997,499 · Union Bk
—
—
Nathu N Patel
—
Loan Modification
related
$1,997,499 · Union Bank
—
—
Twin Dolphin Hospitality LLC
—
Deed Of Trust
related
$2,750,000 · Bank Of The Sierra
—
—
Nathu N Patel
—
Deed Of Trust
related
$2,944,853 · Pacific Capital Bank NA
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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