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Property profile & analytics
OFF-MARKET
Estimated value
$19,800,000
Motels
601 James Way Pismo Beach, CA 93449-3502
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0718235
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2007
Construction
WOOD
Total area
84,460 SF
Lot
4.12 ac (179,467 SF)
Zoning code
RRH
APN
005-280-001
UPID
US09-0718235
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 Mission Banquets & Events at Hilton Garden Inn Pismo Marketing & Advertising Event Planning
-
Mission Inn Pismo Beach Hotel & Motel Bed & Breakfast
-
Hilton Garden Inn San Luis Obispo/Pismo Beach Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.63M
Blend (final)
Blend
$19.80M
Owner & transaction history
Studio Inn & Suites LLC · 4 yrs held
Studio Inn & Suites LLC
since 2022
Last sale
$27.0M
7 recorded transactions
Zoning & alternative use
RRH · Pismo Beach, 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 Pismo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pismo Beach 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
$20,180,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.80M
Range $17.82M – $21.78M · ±10% · vs last sale $27.00M (Jun 3 2022)
Last sale anchor
$27.00M
Jun 3 2022
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
$234 / 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
$310,020
Tax year 2024
Assessed value
$28,010,000
Assessed 2024
Previous assessed
$28,010,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,202,000
Assessed improvement
$22,808,000
Applied tax rate
4.0000
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
2007
Construction
WOOD
Heating
NONE
Total area
84,460 SF
Lot
4.12 ac (179,467 SF)
Zoning code
RRH
APN
005-280-001
UPID
US09-0718235
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RRH · Pismo Beach, CA
Zoning RRH · permitted uses
RRH · Pismo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pismo Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
NONE
Lot
4.12 ac
Current owner
From public records · entity-resolved
Studio Inn & Suites LLC
Entity
Mailing address
12800 CTR CT DR S STE #525, CERRITOS, CA 90703-9661
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$27,000,000
Studio Inn & Suites LLC
Castleblack Pismo Beach Owner LLC
Grant Deed
$14,500,000 · Enterprise Bank & Trust
Aug 7, 2014
—
Castleblack Pismo Beach Owner
K Partners Pismo Beach LP
Grant Deed
—
May 28, 2010
—
K Partners Pismo Beach LP
Gulfstream Mission Inn LLC
Grant Deed
$2,413,170 · Gulfstream Mission Inn LLC
Nov 24, 2004
—
Pismo Hotel Properties LLC
—
Trustees Deed
related
$11,620,000 · Santa Barbara Bank & Trust
Oct 24, 2003
—
Pismo Hotel Properties LLC
—
Trustees Deed
related
$750,000 · Santa Barbara Bank & Trust
May 7, 1999
—
Pismo Hotel Properties LLC
Dorfman Homes INC
Grant Deed
related
—
Jan 22, 1999
$840,000
Dorfman Homes INC
Mcdonald's Corp
Grant Deed
—
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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