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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Motels
780 Market Ave Morro Bay, CA 93442-2122
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-0912546
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1942
Construction
WOOD
Total area
6,588 SF
Lot
0.53 ac (23,087 SF)
Zoning code
60
APN
066-112-006
UPID
US09-0912546
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
-
The Landing at Morro Bay Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$915k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$915k
Owner & transaction history
The Landing At Morro Bay LLC · 9 yrs held
The Landing At Morro Bay LLC
since 2017
4 recorded transactions
Zoning & alternative use
60 · Morro 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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$139 / 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
$57,893
Tax year 2024
Assessed value
$5,238,512
Assessed 2024
Previous assessed
$5,238,512
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,413,487
Assessed improvement
$1,825,025
Applied tax rate
6.0000
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
1942
Construction
WOOD
Heating
NONE
Total area
6,588 SF
Lot
0.53 ac (23,087 SF)
Zoning code
60
APN
066-112-006
UPID
US09-0912546
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
60 · Morro Bay, CA
Zoning 60 · permitted uses
60 · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morro Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Construction
WOOD
Heating
NONE
Lot
0.53 ac
Current owner
From public records · entity-resolved
The Landing At Morro Bay LLC
Entity
Mailing address
28 PO BOX 11885TH RD, ZEPHYR COVE, NV 89448-3885
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
—
The Landing At Morro Bay LLC
—
Deed
related
$4,100,000 · Santa Cruz County Bank
Feb 8, 2017
$4,400,000
The Landing At Morro Bay LLC
V Properties INC
Grant Deed
$4,296,000 · Lighthouse Bank
Feb 6, 2015
$3,300,000
V Properties INC
Amitage Corporation
Grant Deed
$2,792,200 · Focus Business Bank
Jul 15, 2002
$1,950,000
Amitage Corp
Sween Trust
Grant Deed
$1,200,000 · Coast National Bank
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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