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Property profile & analytics
OFF-MARKET
Estimated value
$10,545,000
Motels
1151 Pacific Marina Alameda, CA 94501-1146
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-9373269
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1962
Construction
WOOD
Total area
19,088 SF
Lot
1.77 ac (77,096 SF)
APN
74-1340-29
UPID
US09-9373269
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
-
Temporary Site - Safer Ground Alameda Community Health Centre Health Care Facility
-
Marina Village Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.08M
Blend (final)
Blend
$10.55M
Owner & transaction history
Olga Bortnik · 4 yrs held
Olga Bortnik
since 2022
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.6M
+21.7%
Neighborhood: shopping center
$8.1M
+2.7%
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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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
$9,525,000
ML approach
$9,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$10.55M
Range $9.49M – $11.60M · ±10% · vs last sale $11.00M (Jun 15 2022)
Last sale anchor
$11.00M
Jun 15 2022
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
$552 / 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
$161,780
Tax year 2023
Assessed value
$11,417,240
Assessed 2024
Previous assessed
$11,205,960
+1.9% YoY
Effective rate
1.42%
On assessed value
Assessed land
$5,202,000
Assessed improvement
$6,215,240
Applied tax rate
21.0000
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
1962
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
51
Rooms
7
Bathrooms
51
Total area
19,088 SF
Lot
1.77 ac (77,096 SF)
APN
74-1340-29
UPID
US09-9373269
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
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
$7.9M
RESTAURANT
Est. value
$9.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$7.5M
HOTEL/MOTEL Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1962
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
51
Rooms
7
Bathrooms
51
Lot
1.77 ac
Current owner
From public records · entity-resolved
Olga Bortnik
Individual
Mailing address
212 SUTTER ST FL #3, SAN FRANCISCO, CA 94108-4423
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
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
$7,700,000 · State Bank Of Texas
Nov 21, 2019
—
D S Hospitality LLC
—
Deed
related
$500,000 · Michel B & Monique R Stevens
Jul 18, 2018
$9,450,000
D S Hospitality LLC
Oceanic Alameda LP
Grant Deed
$6,000,000 · Community Bank Of The Bay
Feb 14, 2017
—
Oceanic Alameda LP
—
Deed
related
$200,000 · Atlas Hospitality Group
Nov 4, 2014
—
Oceanic Alameda LP
Pacific Marina Hospitality INC
Grant Deed
$5,480,000 · Lighthouse Bank
Nov 9, 2006
$5,100,000
Pacific Marina Hospitality INC
Marina Village Lon Investors LP
Grant Deed
$3,400,000 · 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
$5,500,000 · Finova Capital Title Ins
Jun 13, 1996
—
Alameda Real Estate Invest
—
Deed Of Trust
related
$79,800,000 · Connecticut General Life Ins
—
—
D S Hospitality LLC
—
Deed Of Trust
related
$500,000 · Michel B & Monique R Stevens
—
—
Pacific Marina Hospitality INC
—
Deed Of Trust
related
$102,000 · Atlas Hospitality Group
—
—
Oceanic Alameda LP
—
Deed Of Trust
related
$800,000 · Ennerdale Cor 401k Psp/tr (ct)
—
—
Oceanic Alameda LP
—
Deed Of Trust
related
$200,000 · Atlas Hospitality Group
—
—
Marina Village Inn Invtrs
—
Deed Of Trust
related
$500,000 · Community Bank Of The Bay
—
—
Marina Village Inn Invtrs
—
Deed Of Trust
related
$3,000,000 · Community Bank Of The Bay
—
—
Walter Molz
—
Deed Of Trust
related
—
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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