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Property profile & analytics
OFF-MARKET
Estimated value
$5,800,000
Motels
701 Price St Pismo Beach, CA 93449-2529
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1869399
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1970
Construction
TILT-UP CONCRETE
Total area
12,144 SF
Lot
0.24 ac (10,269 SF)
Zoning code
C1
APN
005-078-019
UPID
US09-1869399
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
-
Pismo Beach Club Hotel & Motel
-
Erika Saunders Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$5.80M
Owner & transaction history
701 Price LLC · 4 yrs held
701 Price LLC
since 2021
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
C1 · Pismo Beach, 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 Pismo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pismo Beach 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
$6,080,000
ML approach
$6,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,670,000
Current use
RESTAURANT
$6,105,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,045,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,550,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±10% · vs last sale $5.30M (Sep 27 2021)
Last sale anchor
$5.30M
Sep 27 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
$478 / 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
$60,864
Tax year 2024
Assessed value
$5,514,120
Assessed 2024
Previous assessed
$5,514,120
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,706,256
Assessed improvement
$3,807,864
Applied tax rate
4.0000
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
33
Bathrooms
17
Total area
12,144 SF
Lot
0.24 ac (10,269 SF)
Zoning code
C1
APN
005-078-019
UPID
US09-1869399
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C1 · Pismo Beach, CA
Zoning C1 · permitted uses
C1 · Pismo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pismo Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.7M
RESTAURANT
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.6M
HOTEL/MOTEL Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Rooms
33
Bathrooms
17
Lot
0.24 ac
Current owner
From public records · entity-resolved
701 Price LLC
Entity
Mailing address
1117 STATE ST, SANTA BARBARA, CA 93101-2712
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
—
701 Price LLC
701 Price LLC
Intrafamily Transfer
related
$10,000 · Pacific Premier Bank
Jul 9, 2021
$5,300,000
701 Price Street LLC
William Rogers
Grant Deed
—
Mar 24, 2020
—
William Rogers
—
Deed
related
$260,000 · Mid Vly Svcs
Sep 9, 2019
—
William Rogers
—
Deed
related
$350,000 · Mid Vly Svcs
Jan 30, 2019
—
William Rogers
—
Deed
related
$2,800,000 · Bank Of The Sierra
Oct 30, 2018
—
William Rogers
—
Deed
related
$1,500,000 · Mid Vly Svcs
May 12, 2017
—
William Rogers
—
Deed
related
$350,000 · Mid Vly Svcs
Mar 18, 1997
$20,500
William Rogers
Deschenes,deborah
Quit Claim Deed
related
—
Feb 6, 1997
—
Deborah Deschenes
Deschenes,steven
Quit Claim Deed
related
—
Feb 6, 1997
$231,000
Deschenes,deborah
Bailey Trust
Trustees Deed
related
$90,000 · Seller
Jun 12, 1992
$31,500
Bailey Trust
Pismo,beach Land
Grant Deed
—
—
—
William Rogers
—
Deed Of Trust
related
$1,500,000 · Mid Vly Svcs
—
—
William Rogers
—
Deed Of Trust
related
$2,800,000 · Bank Of The Sierra
—
—
William Rogers
—
Deed Of Trust
related
$1,250,000 · Mid Valley Services INC
—
—
William Rogers
—
Deed Of Trust
related
$265,000 · Mid Vly Svcs
—
—
William Rogers
—
Deed Of Trust
related
$650,000 · Settlemier Props LLC
—
—
William Rogers
—
Deed Of Trust
related
$350,000 · Mid Vly Svcs
—
—
William Rogers
—
Deed Of Trust
related
$260,000 · Mid Vly Svcs
—
—
William Rogers
—
Deed Of Trust
related
$350,000 · Mid Vly Svcs
—
—
William Rogers
—
Deed Of Trust
related
$950,000 · Mid Valley Services INC
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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