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Property profile & analytics
OFF-MARKET
Estimated value
$3,740,000
Hotels
7051 Hwy 1st 1 Little River, CA 95456-9514
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2672873
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Lot
6.5 ac (283,103 SF)
Zoning code
RMR20
APN
121-020-21-00
UPID
US09-2672873
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
$4.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.74M
Owner & transaction history
Lr Schoolhouse LLC · 4 yrs held
Lr Schoolhouse LLC
since 2022
Last sale
$3.5M
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
$3,980,000
ML approach
$4,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.74M
Range $3.37M – $4.11M · ±10% · vs last sale $3.47M (Apr 8 2022)
Last sale anchor
$3.47M
Apr 8 2022
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
$41,159
Tax year 2023
Assessed value
$3,505,013
Assessed 2023
Previous assessed
$3,505,013
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,938,000
Assessed improvement
$1,567,013
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
6.5 ac (283,103 SF)
Zoning code
RMR20
APN
121-020-21-00
UPID
US09-2672873
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
6.5 ac
Current owner
From public records · entity-resolved
Lr Schoolhouse LLC
Entity
Mailing address
4240 LOST HLS RD UNIT #1403, CALABASAS, CA 91301-5377
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
—
Lr Schoolhouse LLC
—
Deed
related
$146,600 · United States Small Business Admin
Apr 8, 2022
$3,472,000
Lr Schoolhouse LLC
Kila Schoolhouse LLC
Grant Deed
$2,610,615 · Savings Bank Of Mendocino County
Jun 15, 2016
—
Kila Schoolhouse LLC
—
Deed
related
$150,000 · Smith Roger V Living Trust (lt
Aug 16, 2011
$3,039,000
Kila Schoolhouse LLC
Musser Steven & Gilbert M
Grant Deed
$2,850,000 · First Community Bank
Jun 30, 2006
—
Musser Steven & Gilbert M Tr
Musser,steven L
Quit Claim Deed
related
—
Jan 9, 2003
$777,000
Steven L Musser
Greenwood,alan & Penny
Grant Deed
related
$926,670 · Alan & Penny Greenwood
Jan 21, 2000
—
Alan Greenwood
—
Grant Deed
related
$334,000 · Bank Of The West
Nov 12, 1997
$1,255,000
Alan Greenwood
Fearey,peter J & Linda M
Grant Deed
$1,150,000 · Seller
—
—
Alan Greenwood
—
Deed Of Trust
related
$1,516,213 · National Bank The Redwoods
—
—
Musser Steven & Gilbert M Tr
—
Deed Of Trust
related
$2,600,000 · Rabobank
—
—
Kila Schoolhouse LLC
—
Deed Of Trust
related
$150,000 · Smith Roger V Living Trust (lt
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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