Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1151 Pacific Marina Alameda, CA 94501-1146
    Back to Search
    Property profile & analytics

    1151 Pacific Marina, Alameda, CA 94501-1146

    View on Map
    • Motels
    • 19,088 SF
    • 1.77 lot acres
    Off-Market
    Last Sale Jun 15, 2022
    $11,000,000
    Property ID
    US09-9373269
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $10,545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Temporary Site - Safer Ground Alameda / Health Care Facility / Community Health Centre
    • Marina Village Inn / Hotel & Motel

    Property Details for 1151 Pacific Marina

    Year built
    1962
    Construction
    WOOD
    Lot size
    1.77 lot acres
    Property type
    Motels
    APN
    74-1340-29
    APU
    74134029

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 15, 2022 — Olga Bortnik Alex Bortnik Affidavit Of Death Of Joint Tenant · related —
    Jun 10, 2022 $11,000,000 Marina Village Hospitality LLC D S Hospitality LLC Grant Deed $7.7M · State Bank Of Texas
    Nov 21, 2019 — D S Hospitality LLC — Deed · related $500k · Michel B & Monique R Stevens
    Jul 18, 2018 $9,450,000 D S Hospitality LLC Oceanic Alameda LP Grant Deed $6M · Community Bank Of The Bay
    Feb 14, 2017 — Oceanic Alameda LP — Deed · related $200k · Atlas Hospitality Group
    Nov 4, 2014 — Oceanic Alameda LP Pacific Marina Hospitality INC Grant Deed $5.5M · Lighthouse Bank
    Nov 9, 2006 $5,100,000 Pacific Marina Hospitality INC Marina Village Lon Investors LP Grant Deed $3.4M · Community Bank Of The Bay
    Sep 1, 1999 — Marina Village Inn Investors Molz,walter Grant Deed · related —
    Feb 17, 1998 — Marina Village Inn Inv LP Marina Village Venture Ltd Quit Claim Deed · related —
    Feb 13, 1998 — Marina Village Inn Investors Alameda Real Estates Inv Trustees Deed $5.5M · Finova Capital Title Ins
    Jun 13, 1996 — Alameda Real Estate Invest — Deed Of Trust · related $79.8M · Connecticut General Life Ins
    — — D S Hospitality LLC — Deed Of Trust · related $500k · Michel B & Monique R Stevens
    — — Pacific Marina Hospitality INC — Deed Of Trust · related $102k · Atlas Hospitality Group
    — — Oceanic Alameda LP — Deed Of Trust · related $800k · Ennerdale Cor 401k Psp/tr (ct)
    — — Oceanic Alameda LP — Deed Of Trust · related $200k · Atlas Hospitality Group
    — — Marina Village Inn Invtrs — Deed Of Trust · related $500k · Community Bank Of The Bay
    — — Marina Village Inn Invtrs — Deed Of Trust · related $3M · Community Bank Of The Bay
    — — Walter Molz — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,525,000
      ML approach
      $9,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,081,000
      Market price range: $3.61M - $12.1M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $7,900,000
      Current use
      RESTAURANT
      $9,610,000
      Change: +22% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $8,110,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $7,545,000
      Change: -4% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.264
    Latitude
    37.783
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $161,780
    $5,202,000
    $6,215,240
    $11,417,240
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,595,000
      56,928 SF

      1350 Marina Vlg Pkwy

      MOTEL
      1350 Marina Vlg Pkwy, Alameda, CA 94501-6442
      View Details
    • Value Estimation
      $2,505,000
      60,141 SF

      400 Park St

      MOTEL
      400 Park St, Alameda, CA 94501-6231
      View Details
    • Value Estimation
      $915,000
      20,982 SF

      1925 Webster St

      MOTEL
      1925 Webster St, Alameda, CA 94501-2139
      View Details
    • Value Estimation
      $1,465,000
      30,552 SF

      1628 Webster St

      HOTEL
      1628 Webster St, Alameda, CA 94501-2134
      View Details
    • Value Estimation
      $5,270,000
      69,138 SF

      2544 Santa Clara Ave

      HOTEL
      2544 Santa Clara Ave, Alameda, CA 94501-4634
      View Details
    • Value Estimation
      $1,190,000
      13,895 SF

      1548 Webster St

      HOTEL
      1548 Webster St, Alameda, CA 94501-3340
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,600 SF

      Mixed-Use Property in Alameda Heart

      Three-unit mixed-use property in Alameda with high walkability.
      1707 Lincoln Ave, Alameda, CA 94501
      View Details
    • Contact for pricing
      7,584 SF

      Alameda Multifamily Investment Opportunity

      Multifamily property with 10 units in Alameda, California.
      1580 Buena Vista Ave, Alameda, CA 94501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      63,000 SF

      Alameda Flex Space For Rent

      63,000 SF flex space with office in Alameda.
      2175 Monarch St, Alameda, CA 94501
      View Details
    • Contact for pricing
      733 SF

      Waterfront Campus Life Sciences Space

      Class A office, lab, and research space available for rent.
      1301 Marina Village Pkwy, Alameda, CA 94501
      View Details
    • Contact for pricing
      6,149 SF

      Mixed-Use Development Opportunity

      Retail, residential, and office space available in Alameda, CA.
      2690 Fifth St, Alameda, CA 94501
      View Details
    • Contact for pricing
      5,830 SF

      High-End Flex/R&D/Industrial Space

      Flex/R&D/Industrial space with water views and flexible layout options.
      2421 Blanding Ave, Alameda, CA 94501
      View Details
    • Contact for pricing
      20,516 SF

      Waterfront Campus Life Sciences Space

      Premier Alameda campus with office, lab, and research space.
      1001 Marina Village Pkwy, Alameda, CA 94501
      View Details
    • Contact for pricing
      25,131 SF

      Alameda Office Space For Rent

      Office building with convenient access to major transportation routes.
      2470 Mariner Square Loop, Alameda, CA 94501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1151 Pacific Marina
    Alameda, CA 94501-1146
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1151 Pacific Marina, Alameda, CA, 94501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!