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Property profile & analytics
OFF-MARKET
Estimated value
$10,450,000
Hotels
607 Leucadia Blvd Encinitas, CA 92024-2333
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9250304
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Total area
34,650 SF
Lot
0.6 ac (26,136 SF)
Zoning code
COMMERCIAL
APN
256-122-61-00
UPID
US09-9250304
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 Encinitas Near Legoland Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.60M
CAP Approach
CAP
$8.75M
Comparable Approach
Comparable
$12.73M
Blend (final)
Blend
$10.45M
Owner & transaction history
Encinitas Hotels LLC · 4 yrs held
Encinitas Hotels LLC
since 2021
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Encinitas, 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 Encinitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Encinitas 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
$10,690,000
ML approach
$10,600,000
CAP Approach
CAP Return
Estimation
6%
$9,480,000
6.5%
$8,750,000
7%
$8,125,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$16,445,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$10.45M
Range $9.41M – $11.50M · ±10% · vs last sale $10.25M (Dec 21 2021)
Last sale anchor
$10.25M
Dec 21 2021
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
$302 / 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
$75,554
Tax year 2024
Assessed value
$6,762,600
Assessed 2024
Previous assessed
$6,762,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,496,960
Assessed improvement
$4,265,640
Applied tax rate
19.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1986
Heating
NONE
Units
102
Total area
34,650 SF
Lot
0.6 ac (26,136 SF)
Zoning code
COMMERCIAL
APN
256-122-61-00
UPID
US09-9250304
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Encinitas, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Encinitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Encinitas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$16.4M
MEDICAL BUILDING
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
1986
Heating
NONE
Units
102
Lot
0.6 ac
Current owner
From public records · entity-resolved
Encinitas Hotels LLC
Entity
Mailing address
6712 MORNINGSIDE DR, HOUSTON, TX 77030-1908
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
May 31, 2024
—
Tirupathi Hospitality LLC
—
Deed
related
$6,469,500 · Mission Valley Bank
Dec 21, 2021
$10,250,000
Encinitas Hotels LLC
Studio Inn & Suites LLC
Grant Deed
$11,250,000 · Hankey Capital LLC
Mar 18, 2019
$9,100,000
Studio Inn & Suites LLC
American Koyu Hotels LLC
Grant Deed
$4,895,000 · Silvergate Bank
Jun 11, 2009
—
American Koyu Hotels LLC
Rhythm Sea LLC
Grant Deed
$8,908,000 · American Koyu Corporation
Mar 20, 2008
$9,350,000
Rhythm Sea LLC
Leucadia Partners
Grant Deed
—
May 26, 2004
—
Leucadia Partners LP
Clarke,robert W
Grant Deed
$5,617,000 · First National Bank
Mar 26, 1998
—
City Of Encinitas
Freeburg,james W Etal
Grant Deed
related
—
Oct 31, 1996
$2,780,000
Robert W Clarke
Taki Sun INC
Grant Deed
$2,000,000 · Seller
Apr 22, 1992
$2,200,000
Wulang Lin
Lin,li T
Quit Claim Deed
related
—
Oct 23, 1990
$3,450,000
Fidelity Fed Ban
Galbreath Willia
Trustees Deed
related
—
—
—
Taki Sun INC
—
Deed Of Trust
related
—
—
—
Taki Sun INC
—
Deed Of Trust
related
$975,000 · Far East National 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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