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Property profile & analytics
OFF-MARKET
Estimated value
$5,150,000
Motels
9240 Castillo Dr, San Simeon, CA 93452-9748
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0912592
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1979
Construction
WOOD
Total area
7,420 SF
Lot
1 ac (43,681 SF)
APN
013-071-020
UPID
US09-0912592
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
$5.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.15M
Blend (final)
Blend
$5.15M
Owner & transaction history
Thornton,k & B Fam Trust · 6 yrs held
Thornton,k & B Fam Trust
since 2020
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
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 San Simeon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Simeon 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
$5,850,000
ML approach
$5,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,075,000
Current use
RESTAURANT
$3,730,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$3,535,000
Change: -13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,390,000
Change: -17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,370,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.15M
Range $4.64M – $5.67M · ±10% · vs last sale $5.00M (May 1 2020)
Last sale anchor
$5.00M
May 1 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
$694 / 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
$31,459
Tax year 2024
Assessed value
$2,978,432
Assessed 2024
Previous assessed
$2,978,432
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$747,395
Assessed improvement
$2,231,037
Applied tax rate
61.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1979
Construction
WOOD
Heating
NONE
Rooms
20
Bathrooms
20
Total area
7,420 SF
Lot
1 ac (43,681 SF)
APN
013-071-020
UPID
US09-0912592
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.1M
RESTAURANT
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
HOTEL/MOTEL Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1979
Construction
WOOD
Heating
NONE
Rooms
20
Bathrooms
20
Lot
1 ac
Current owner
From public records · entity-resolved
Thornton,k & B Fam Trust
Trust
Free & Clear · 6 yrs held
Mailing address
2429 ANACAPA ST, SANTA BARBARA, CA 93105-3509
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2020
—
Thornton,k & B Fam Trust
Kevin Thornton
Quit Claim Deed
related
—
Feb 14, 2018
—
Kevin Thornton
Thornton,bethany C
Quit Claim Deed
related
—
Feb 14, 2018
$5,000,000
Coker Eilsworth Development LLC
Kaushik Patel
Grant Deed
$3,395,000 · Pacific Premier Bank
Nov 17, 2010
—
Kaushik Patel
Patel,amrital L & Nilam A
Quit Claim Deed
related
$4,190,000 · Valley Community Bank
May 10, 2000
$3,500,000
Rupali V Patel
Dopyera Trust
Grant Deed
$2,950,000 · Coast Commercial Bank
Mar 4, 1997
—
Dopyera Trust
Dopyera,kennett N & Patricia J
Quit Claim Deed
related
—
—
—
Amtirlal L Patel
—
Deed Of Trust
related
$400,000 · Rameshbhai V & Sumanben Patel
—
—
Amtirlal L Patel
—
Deed Of Trust
related
$150,000 · Julian Bills
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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