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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Hotels
6751 Hwy 1st 1 Little River, CA 95456-9700
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3129150
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Lot
0.32 ac (14,150 SF)
Zoning code
RMR20
APN
121-050-08-00
UPID
US09-3129150
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
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Meline Chilbarian · 5 yrs held
Meline Chilbarian
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
RMR20 · Little River, 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 Little River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little River 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
$1,870,000
ML approach
$1,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±10% · vs last sale $1.20M (Mar 3 2021)
Last sale anchor
$1.20M
Mar 3 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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$684
Tax year 2023
Assessed value
$40,427
Assessed 2023
Previous assessed
$40,427
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$40,427
Applied tax rate
104.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Lot
0.32 ac (14,150 SF)
Zoning code
RMR20
APN
121-050-08-00
UPID
US09-3129150
Jurisdiction
MENDOCINO
Zoning & alternative use
RMR20 · Little River, CA
Zoning RMR20 · permitted uses
RMR20 · Little River, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Little River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.32 ac
Current owner
From public records · entity-resolved
Meline Chilbarian
Individual
Mailing address
6227 LONGMEADOW ST, RIVERSIDE, CA 92505-2298
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
Mar 3, 2021
—
Meline Chilbarian
Haig Chilbarian
Affidavit Of Death Of Joint Tenant
related
$2,032,000 · Celtic Bank Corporation
Jul 10, 2014
$1,200,100
Nask Investments LLC
Bi-coastal Living Trust
Grant Deed
$1,000,000 · Bi-coastal Living Trust (rt)
Mar 3, 2014
$50,000
Bicoastal Living Trust
Cavallaro Nancy D
Grant Deed
—
Aug 31, 2011
$100,000
Bi-costal Living Trust
Plm Lender Services INC
Trustees Deed
related
—
Jan 11, 2010
—
Allen Langdon INC
Seafom Lodge
Grant Deed
—
Jan 7, 2010
—
Dkj INC
Allene Langdon INC
Grant Deed
—
Aug 31, 2000
—
Gualala Redwoods INC
—
Deed Of Trust
related
$20,000,000 · Pacific Coast Farm Credit Svcs
Mar 1, 1996
$1,375,000
Seafoam Lodge
Ambrosoli Trust
Grant Deed
$430,000 · National Bank The Redwoods
—
—
Eel River Sawmills INC
—
Deed Of Trust
related
$2,000,000 · Mclean 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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