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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Hotels
1226 De La Torre St Salinas, CA 93905-3313
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US10-3023500
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1991
Construction
WOOD
Total area
10,226 SF
Lot
0.49 ac (21,500 SF)
APN
003-693-004-000
UPID
US10-3023500
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
-
Airport Inn Hotel & Motel
-
Days Inn Salinas Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$775k
Blend (final)
Blend
$785k
Owner & transaction history
A & P Properties LLC · 6 yrs held
A & P Properties LLC
since 2019
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
$575,000
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,010,000
7%
$935,000
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$77 / 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
$33,910
Tax year 2023
Assessed value
$2,916,324
Assessed 2023
Previous assessed
$2,916,324
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$946,060
Assessed improvement
$1,970,264
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
1991
Construction
WOOD
Heating
NONE
Stories
2
Units
32
Rooms
64
Bathrooms
32
Total area
10,226 SF
Lot
0.49 ac (21,500 SF)
APN
003-693-004-000
UPID
US10-3023500
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
1991
Construction
WOOD
Heating
NONE
Stories
2
Units
32
Rooms
64
Bathrooms
32
Lot
0.49 ac
Current owner
From public records · entity-resolved
A & P Properties LLC
Entity
Mailing address
PO BOX 239, SALINAS, CA 93902-0239
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2019
$2,700,000
A & P Properties LLC
Kwi S Yi
Grant Deed
$2,800,000 · D'arrigo Bros Co
May 28, 2009
$2,300,000
Kwi S Yi
Pacific Hotel Dev INC
Grant Deed
$1,613,000 · Valley Community Bank
Oct 13, 2005
—
Pacific Hotel Dev INC
Steinbeck Tower INC
Grant Deed
$1,285,000 · Pacific Valley Bank
Dec 30, 1994
$1,000,000
Steinbeck Tower INC
Comerica Bank
Grant Deed
$1,000,000 · Coast Commercial Bank
Dec 28, 1994
$805,000
Comerica Bank
Patel,mahendra M & Bhagyalata
Trustees Deed
related
—
Sep 23, 1994
$257,254
Jays Construction Company
Steinbeck Inn INC
Trustees Deed
—
Sep 24, 1991
$265,000
Mahendra M Patel
Palma,salvatore
Grant Deed
—
Dec 31, 1990
—
Patel,mahendra M
—
Grant Deed
related
$962,000 · Pacific Western National Bank
—
—
Steinbeck Inn INC
—
Deed Of Trust
related
$25,066 · Individual
—
—
Mahendra M Patel
—
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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