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Property profile & analytics
FOR SALE
Motels
600 Riverside Ave Santa Cruz, CA 95060
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2158523
For Sale
1 / 22
$20,000,000
600 Riverside Ave, Santa Cruz, CA 95060
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Construction
WOOD
Total area
35,772 SF
Lot
1.3 ac (56,584 SF)
APN
007-421-01
UPID
US10-2158523
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
-
Hotel Solares Hotel & Motel
-
Days Inn & Suites Santa Cruz Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$1.64M
Owner & transaction history
Tej LLC · 8 yrs held
Tej LLC
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,510,000
Current use
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±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
$46 / 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
$86,336
Tax year 2024
Assessed value
$7,575,063
Assessed 2024
Previous assessed
$7,575,063
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,893,766
Assessed improvement
$5,681,297
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
For Sale
Year built
1985
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
79
Total area
35,772 SF
Lot
1.3 ac (56,584 SF)
APN
007-421-01
UPID
US10-2158523
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.5M
HOTEL/MOTEL Current
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
79
Lot
1.3 ac
Current owner
From public records · entity-resolved
Tej LLC
Entity
Mailing address
59 HOLLINS DR, SANTA CRUZ, CA 95060-1804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Tej LLC
—
Deed
related
$8,100,000 · West Coast Community Bank
Sep 11, 2019
—
Tej LLC
—
Deed
related
$3,000,000 · Us Metro Bk
Aug 4, 2017
—
Tej LLC
Jt Hospitality INC
Quit Claim Deed
$6,600,000 · Rabobank
Dec 9, 2013
—
Jt Hospitality INC
Tj LLC
Quit Claim Deed
$1,008,159 · Zurich Properties LP
Jul 31, 2008
$6,000,000
T J LLC
Santa Cruz Beach Inn
Grant Deed
$4,000,000 · First National Bank Of Central Ca
Apr 13, 2005
—
Santa Cruz Beach Inn INC
New Riverside Garden Inn
Grant Deed
—
Apr 11, 2003
—
New Riverside Garden Inn
New Riverside Garden Inn
Quit Claim Deed
related
—
Feb 5, 1996
—
Riverside Garden In New
New Riverside Garden In LP
Quit Claim Deed
related
$3,000,000 · First Republic Thrift & Loan
—
—
Tej LLC
—
Deed Of Trust
related
$3,000,000 · Us Metro Bk
—
—
Jt Hospitality INC
—
Deed Of Trust
related
$1,000,000 · Christopher J Gilbert
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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