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Property profile & analytics
OFF-MARKET
Estimated value
$10,570,000
Motels
5995 Traffic Way Atascadero, CA 93422
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-1989541
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1929
Construction
TILT-UP CONCRETE
Total area
18,800 SF
Lot
0.45 ac (19,650 SF)
Zoning code
DC
APN
029-342-023
UPID
US10-1989541
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
$9.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.57M
Owner & transaction history
Coventry Investments LLC
Coventry Investments LLC
since 2025
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
DC · Atascadero, 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 Atascadero submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atascadero 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
$11,740,000
ML approach
$9,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$10,325,000
Current use
RESTAURANT
$9,450,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,590,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$10.57M
Range $9.51M – $11.63M · ±10% · vs last sale $10.50M (Mar 31 2023)
Last sale anchor
$10.50M
Mar 31 2023
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
$562 / 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
$136,101
Tax year 2024
Assessed value
$10,712,000
Assessed 2024
Previous assessed
$10,712,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,173,000
Assessed improvement
$9,539,000
Applied tax rate
7.0000
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
66
Bathrooms
54
Total area
18,800 SF
Lot
0.45 ac (19,650 SF)
Zoning code
DC
APN
029-342-023
UPID
US10-1989541
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
DC · Atascadero, CA
Zoning DC · permitted uses
DC · Atascadero, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atascadero. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$10.3M
RESTAURANT
Est. value
$9.5M
AUTO REPAIR, GARAGE
Est. value
$8.6M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
66
Bathrooms
54
Lot
0.45 ac
Current owner
From public records · entity-resolved
Coventry Investments LLC
Entity
Mailing address
15223 HUME DR, SARATOGA, CA 95070-6415
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2025
—
Coventry Investments LLC
Srk Investments LLC
Grant Deed
—
Jul 23, 2025
$893,000
Coventry Investments LLC
Kap LLC
Grant Deed
—
Mar 31, 2023
$10,500,000
Srk Investments LLC
Carlton Hotel Investments LLC
Grant Deed
—
Feb 13, 2019
—
Carlton Hotel Investments LLC
—
Deed
related
$400,000 · David B & Mary T Weyrich
Oct 29, 2001
—
Carlton Hotel Investments LLC
Weyrich Development Co INC
Grant Deed
related
—
Jan 28, 2000
$750,000
Weyrich Development Co INC
Carlton Properties
Grant Deed
—
Oct 28, 1997
$310,000
Carlton Properties Gp
Pebenito,josef R & Jane C
Grant Deed
$120,000 · Individual
Sep 8, 1997
—
Jose R Pebenito
F Mclintocks Saloon & Dining H
Quit Claim Deed
related
—
—
—
Carlton Hotel Investments LLC
—
Loan Modification
related
$400,000 · David B & Mary T Weyrich
—
—
Josef R Pebenito
—
Deed Of Trust
related
$180,000 · Individual
—
—
Weyrich Development Co INC
—
Loan Modification
related
$31,250,000 · Re Future LLC
—
—
Carlton Hotel Investments LLC
—
Deed Of Trust
related
$1,350,000 · Gold Mtn Fin'l Institution INC
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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