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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Motels
615 De La Vina St Santa Barbara, CA 93101-5510
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0790812
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1934
Total area
5,500 SF
Lot
0.23 ac (10,018 SF)
APN
037-121-010
UPID
US09-0790812
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
$645k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Richard E Chaddock · 3 yrs held
Richard E Chaddock
since 2023
Last sale
$475,000
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 Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara 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
$590,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$495,000
7%
$460,000
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $475k (Jun 7 2023)
Last sale anchor
$475k
Jun 7 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
$97 / 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
$7,371
Tax year 2024
Assessed value
$690,823
Assessed 2024
Previous assessed
$690,823
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$577,781
Assessed improvement
$113,042
Applied tax rate
2.0000
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
1934
Heating
NONE
Total area
5,500 SF
Lot
0.23 ac (10,018 SF)
APN
037-121-010
UPID
US09-0790812
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1934
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Richard E Chaddock
Individual
Mailing address
615 DE LA VINA ST, SANTA BARBARA, CA 93101-5510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jun 7, 2023
—
Richard E Chaddock
Richard E Chaddock
Intrafamily Transfer
related
—
Oct 27, 2017
—
Christopher J Chaddock
—
Deed
related
$465,000 · Wells Fargo Bank NA
Oct 4, 2012
—
Christopher J Chaddock
Chaddock,richard E & Shirley A
Quit Claim Deed
related
—
Nov 12, 2010
$475,000
Richard Chaddock
Roulhac Trust
Grant Deed
$300,000 · Adam Zetter
Nov 12, 2004
—
Deroulhac Trust
Deroulhac J & C Trust
Quit Claim Deed
related
—
May 3, 1994
—
De Roulhac Trust
De Roulhac,j G &
Quit Claim Deed
related
—
—
—
De Roulhac Trust
—
Deed Of Trust
related
$127,000 · City Commerce Bank
—
—
De Roulhac Trust
—
Deed Of Trust
related
$95,000 · Randall Family 1991 Trust
—
—
Deroulhac J G
—
Deed Of Trust
related
$130,000 · City Commerce Bank
—
—
Deroulhac Trust
—
Deed Of Trust
related
$105,000 · Kitnick Family Trust
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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