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Property profile & analytics
OFF-MARKET
Estimated value
$4,030,000
Drive through restaurants
1250 Main St Salinas, CA 93901-2206
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0195948
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1978
Construction
WOOD
Total area
5,742 SF
Lot
1.51 ac (65,775 SF)
APN
016-161-061-000
UPID
US09-0195948
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
-
Elli's Great American Restaurant Take-out & Catering Catering Service
-
Golden China Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.07M
Blend (final)
Blend
$4.03M
Owner & transaction history
Charlie James Sammut · 4 yrs held
Charlie James Sammut
since 2021
Last sale
$3.2M
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
$4,370,000
ML approach
$4,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.03M
Range $3.63M – $4.43M · ±10% · vs last sale $3.20M (Dec 21 2021)
Last sale anchor
$3.20M
Dec 21 2021
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
$702 / 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
$38,665
Tax year 2023
Assessed value
$3,363,769
Assessed 2023
Previous assessed
$3,363,769
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,997,238
Assessed improvement
$1,366,531
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
9
Bathrooms
2
Total area
5,742 SF
Lot
1.51 ac (65,775 SF)
APN
016-161-061-000
UPID
US09-0195948
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
1978
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
9
Bathrooms
2
Lot
1.51 ac
Current owner
From public records · entity-resolved
Charlie James Sammut
Individual
Mailing address
320 SAN BENANCIO RD, SALINAS, CA 93908-9183
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
—
Charlie James Sammut
Charlie James Sammut
Intrafamily Transfer
related
—
Oct 28, 2020
—
Anthony Sammuts
Anthony Sammut
Quit Claim Deed
related
—
Oct 13, 2020
—
Anthony Sammut
Sammut A & C 1992 Trust
Quit Claim Deed
related
—
Sep 24, 2020
—
Sammut,a & C 1992 Trust
A & C Sammut Investments INC
Quit Claim Deed
—
Sep 23, 2020
—
Sammut,a & C 1992 Trust
T LP
Quit Claim Deed
—
Aug 13, 2019
$3,200,000
T & T Ents LP
Ottone,patrick L & Ellen M
Grant Deed
—
Mar 11, 2015
—
Muttera Joan O|ottone Christopher J
Ottone John S
Affidavit Of Death
related
—
Oct 18, 2012
—
Patrick L Ottone
Ottone,patrick L
Quit Claim Deed
related
—
Jan 3, 2011
—
Ottone J S & B C Family Trust
Ottone,john S
Quit Claim Deed
related
—
Feb 27, 2004
$1,884,000
John S Ottone
Kirkorian,tr
Grant Deed
$1,312,500 · Community Bank Central Ca
—
—
Patrick L Ottone
—
Deed Of Trust
related
$1,495,000 · Pacific Valley Bank
—
—
Patrick Ottone
—
Loan Modification
related
$1,047,859 · Rabobank
—
—
Patrick L Ottone
—
Deed Of Trust
related
$1,500,000 · Rabobank
—
—
John S Ottone
—
Deed Of Trust
related
$1,207,087 · Rabobank
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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