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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Motels
845 Morro Ave Morro Bay, CA 93442-2135
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-0163486
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1959
Construction
WOOD
Total area
9,160 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CVS
APN
066-054-011
UPID
US09-0163486
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
-
Sea Air Inn & Suites - Downtown|Restaurant Row Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.29M
Owner & transaction history
Ram Krupa LLC · 6 yrs held
Ram Krupa LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CVS · 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
$1,405,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
$1,380,000
6.5%
$1,270,000
7%
$1,180,000
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.20M (Mar 17 2020)
Last sale anchor
$1.20M
Mar 17 2020
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
$140 / 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
$40,087
Tax year 2024
Assessed value
$3,627,315
Assessed 2024
Previous assessed
$3,627,315
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,991,200
Assessed improvement
$1,636,115
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
1959
Construction
WOOD
Heating
NONE
Rooms
36
Bathrooms
29
Total area
9,160 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CVS
APN
066-054-011
UPID
US09-0163486
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CVS · Morro Bay, CA
Zoning CVS · permitted uses
CVS · 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
1959
Construction
WOOD
Heating
NONE
Rooms
36
Bathrooms
29
Lot
0.4 ac
Current owner
From public records · entity-resolved
Ram Krupa LLC
Entity
Mailing address
845 MORRO AVE, MORRO BAY, CA 93442-2135
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Ram Krupa LLC
—
Deed
related
$2,430,000 · Sesloc FCU
Nov 29, 2021
—
Ram Krupa LLC
—
Deed
related
$1,550,900 · United States Small Business Admin
Mar 17, 2020
—
Ram Krupa LLC
Ram Krupa Real Estate LLC
Quit Claim Deed
related
—
Apr 18, 2018
—
Ram Krupa LLC
—
Deed
related
$2,496,834 · Lalita Patel
May 19, 2017
—
Ram Krupa Real Estate LLC
Ram Krupa LLC
Quit Claim Deed
related
—
Oct 31, 2016
—
Ram Krupa LLC
—
Deed
related
$1,444,457 · Lalita Patel
Jan 11, 2013
$1,200,000
Ram Krupa LLC
Patel,lalita
Grant Deed
$1,100,000 · Lalita Patel
Jul 12, 2010
—
Lalita Patel
Patel,jayanti & Usha
Quit Claim Deed
related
—
May 16, 2007
$2,500,000
Jayanti Patel
Zodiac Investments INC
Grant Deed
$1,900,000 · First Regional Bank
Aug 10, 1999
$400,000
Zodiac Investments INC
Norris,jesse & June A
Grant Deed
$792,250 · Mid State Bank
—
—
Zodiac Investments INC
—
Deed Of Trust
related
$200,000 · First American Title Co
—
—
Ram Krupa LLC
—
Deed Of Trust
related
$1,444,457 · Lalita Patel
—
—
Ram Krupa LLC
—
Deed Of Trust
related
$2,496,834 · Lalita Patel
—
—
Zodiac Investments INC
—
Deed Of Trust
related
$100,000 · Bank Of Commerce
—
—
Jayanti Patel
—
Deed Of Trust
related
$1,884,939 · First Regional Bank
—
—
Jayanti Patel
—
Deed Of Trust
related
$140,000 · Lalita Patel
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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