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Property profile & analytics
OFF-MARKET
Estimated value
$5,585,000
Hotels
624 Del Mar Cmno, Del Mar, CA 92014
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9078967
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1984
Total area
28,477 SF
Lot
1.37 ac (59,677 SF)
Zoning code
COMMERCIAL
APN
300-200-21-00
UPID
US09-9078967
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
by Request
CAP Approach
CAP
$7.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.59M
Owner & transaction history
Oceanview Cottages LLC · 14 yrs held
Oceanview Cottages LLC
since 2012
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Del Mar, 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 Del Mar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Del Mar 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,790,000
6.5%
$7,190,000
7%
$6,675,000
Blend value · Realmo final
$5.59M
Range $5.03M – $6.14M · ±10%
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
$196 / 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
$53,356
Tax year 2024
Assessed value
$4,790,320
Assessed 2024
Previous assessed
$4,790,320
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,437,089
Assessed improvement
$3,353,231
Applied tax rate
11.0000
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
1984
Heating
NONE
Units
60
Total area
28,477 SF
Lot
1.37 ac (59,677 SF)
Zoning code
COMMERCIAL
APN
300-200-21-00
UPID
US09-9078967
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Del Mar, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Del Mar, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Del Mar. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Units
60
Lot
1.37 ac
Current owner
From public records · entity-resolved
Oceanview Cottages LLC
Entity
Mailing address
1775 HANCOCK ST STE #100, SAN DIEGO, CA 92110-2035
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
—
Pacifica Stratford LLC
—
Deed
related
$8,650,000 · State Bank Of India California
Feb 21, 2013
—
Pacifica Stratford LLC
—
Deed Of Trust
related
$10,500,000 · State Bank Of India
Feb 10, 2012
$6,500,000
Oceanview Cottages LLC
Pacifica Stratford Three LLC
Grant Deed
—
Jul 18, 1996
$5,400,000
Pacifica Stratford LLC
Wells Fargo Bank
Grant Deed
$3,780,000 · Wells Fargo Bank
Apr 30, 1993
—
Good Nite Inn
La Jolla Inns Am
Grant Deed
related
—
Jun 8, 1989
—
Inns Am La Jolla
Bottomley Robert
Quit Claim Deed
related
—
—
—
Pacifica Stratford LLC
—
Deed Of Trust
related
$10,150,000 · State Bk/india
—
—
Pacifica Stratford LLC
—
Deed Of Trust
related
$8,100,000 · State Bank Of India
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.
Try Rey
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