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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Hotels
1149 Main St Salinas, CA 93906-3614
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-0232679
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1949
Construction
WOOD
Total area
7,251 SF
Lot
0.45 ac (19,416 SF)
APN
003-271-037-000
UPID
US09-0232679
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
$535k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Rann LLC · 13 yrs held
Rann LLC
since 2013
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 Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas 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
$535,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$71 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,645
Tax year 2023
Assessed value
$804,845
Assessed 2023
Previous assessed
$804,845
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$449,766
Assessed improvement
$355,079
Applied tax rate
5.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
NONE
Stories
1
Units
32
Rooms
64
Bathrooms
32
Total area
7,251 SF
Lot
0.45 ac (19,416 SF)
APN
003-271-037-000
UPID
US09-0232679
Jurisdiction
MONTEREY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
NONE
Stories
1
Units
32
Rooms
64
Bathrooms
32
Lot
0.45 ac
Current owner
From public records · entity-resolved
Rann LLC
Entity
Mailing address
1149 N MAIN ST, SALINAS, CA 93906-3614
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Jul 25, 2016
—
Rann LLC
—
Deed
related
$1,424,000 · Private Individual
Apr 23, 2013
$680,000
Rann LLC
Hbc I LLC
Grant Deed
$544,000 · Hsb I LLC
Sep 6, 2012
$650,000
Hbc I LLC
First American Title Co
Trustees Deed
related
—
Jul 24, 2008
—
Palma Family Trust
Palma,jose V & Anabel
Quit Claim Deed
related
—
Sep 21, 2006
$2,000,000
Jose V Palma
Panchal,kalpana R
Grant Deed
$1,640,000 · Heritage Bank Of Commerce
Jun 2, 1993
$496,000
Kalpana R Panchal
Kwon Trust
Grant Deed
related
$105,168 · Individual
Aug 27, 1991
$115,000
Donald Kwon
Oh,hyun B
Grant Deed
$110,000 · Individual
—
—
Donald H Kwon
—
Deed Of Trust
related
$110,000 · Individual
—
—
Rann LLC
—
Deed Of Trust
related
$1,424,000 · Private Individual
—
—
Hbc I Lc
—
Deed Of Trust
related
$345,000 · Silvergate Bank
—
—
Donald H Kwon
—
Deed Of Trust
related
$170,000 · Individual
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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