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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Motels
603 Cherokee Ln Lodi, CA 95240-2403
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1848403
Property profile
Verified
Property type
Motels
Use group
MOTEL
Total area
6,996 SF
Lot
0.9 ac (39,239 SF)
Zoning code
98
APN
041-274-540-000
UPID
US09-1848403
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
-
El Rancho Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.35M
Owner & transaction history
Cannon Hospitality INC · 1 yrs held
Cannon Hospitality INC
since 2024
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
98 · Lodi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+82.2%
Medical building
$1.5M
+43.0%
Auto repair, garage
$1.1M
+1.6%
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 Lodi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lodi 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
$1,350,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,070,000
Current use
RESTAURANT
$1,945,000
Change: +82% · Conversion: Difficult
MEDICAL BUILDING
$1,530,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,085,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$895,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Nov 6 2024)
Last sale anchor
$1.35M
Nov 6 2024
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
$193 / 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
$16,088
Tax year 2024
Assessed value
$1,491,346
Assessed 2024
Previous assessed
$1,491,346
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$388,793
Assessed improvement
$1,102,553
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
Off-Market
Heating
NONE
Stories
1
Total area
6,996 SF
Lot
0.9 ac (39,239 SF)
Zoning code
98
APN
041-274-540-000
UPID
US09-1848403
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
98 · Lodi, CA
Zoning 98 · permitted uses
98 · Lodi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lodi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$895,000
HOTEL/MOTEL Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
Heating
NONE
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Cannon Hospitality INC
Entity
Mailing address
12231 JACKSON RD, SLOUGHHOUSE, CA 95683-9603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
$1,350,000
Cannon Hospitality INC
K & R Property Group LLC
Grant Deed
$1,050,000 · K & R Property Group LLC
Oct 1, 2015
—
Ramesh Pitamber
Pitamber,ramesh
Quit Claim Deed
—
Oct 1, 2015
$1,325,000
K & R Property Group LLC
R & P Properties INC
Grant Deed
$1,085,000 · Us Metro Bank
—
—
Ramesh Pitamber
—
Deed Of Trust
related
$940,000 · Cascade Acceptance
—
—
R & P Properties INC
—
Deed Of Trust
related
$940,000 · Cascade Acceptance
—
—
R & P Properties INC
—
Deed Of Trust
related
$600,000 · Mirae Bank
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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