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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Hotels
615 Ml St Half Moon Bay, CA 94019-1726
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-1169522
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1903
Construction
WOOD
Total area
1,640 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R30000
APN
056-161-050
UPID
US09-1169522
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
$1.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
The Mill Rose LLC · 5 yrs held
The Mill Rose LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
R30000 · Half Moon Bay, 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 Half Moon Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Half Moon Bay 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
$1,875,000
ML approach
$1,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10% · vs last sale $1.80M (May 28 2021)
Last sale anchor
$1.80M
May 28 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
$1,134 / 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
$25,900
Tax year 2024
Assessed value
$1,921,173
Assessed 2024
Previous assessed
$1,921,173
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$742,845
Assessed improvement
$1,178,328
Applied tax rate
17.0000
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
Status
Off-Market
Year built
1903
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
6
Rooms
6
Bathrooms
2
Total area
1,640 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R30000
APN
056-161-050
UPID
US09-1169522
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R30000 · Half Moon Bay, CA
Zoning R30000 · permitted uses
R30000 · Half Moon Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Half Moon Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1903
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
6
Rooms
6
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
The Mill Rose LLC
Entity
Mailing address
PO BOX 371002, MONTARA, CA 94037-1002
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$1,800,000
The Mill Rose LLC
Terry L Baldwin
Grant Deed
$250,000 · W L Butler Construction INC
—
—
Terry L Baldwin
—
Deed Of Trust
related
$100,000 · Hoffman Family Ptshp
—
—
Terry Baldwin
—
Deed Of Trust
related
$429,407 · Park National Bank
—
—
Terry L Baldwin
—
Deed Of Trust
related
$500,000 · Russell M Living Trust
—
—
Terry L Baldwin
—
Deed Of Trust
related
$6,000 · First Capital Finance
—
—
Terry L Baldwin
—
Deed Of Trust
related
$175,000 · Hoffman Family Ptshp
—
—
Terry L Baldwin
—
Deed Of Trust
related
$500,000 · Bank Of Canton
—
—
Terry L Baldwin
—
Deed Of Trust
related
—
—
—
Terry L Baldwin
—
Deed Of Trust
related
$515,000 · Borel Bank & 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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