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Property profile & analytics
OFF-MARKET
Estimated value
$8,710,000
Hotels
1257 De La Torre St Salinas, CA 93905-3312
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2921917
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1992
Construction
WOOD
Total area
9,576 SF
Lot
3.7 ac (161,172 SF)
APN
003-693-013-000
UPID
US09-2921917
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
-
Motel 6 Salinas, CA - South - Monterey Area Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.71M
Owner & transaction history
Salinas South Intermediary LLC · 4 yrs held
Salinas South Intermediary LLC
since 2022
Last sale
$9.1M
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
$8,225,000
ML approach
$8,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.71M
Range $7.84M – $9.58M · ±10% · vs last sale $9.12M (May 6 2022)
Last sale anchor
$9.12M
May 6 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
$910 / 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
$109,804
Tax year 2023
Assessed value
$9,500,334
Assessed 2023
Previous assessed
$9,500,334
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$5,100,000
Assessed improvement
$4,400,334
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
1992
Construction
WOOD
Heating
NONE
Buildings
3
Stories
3
Rooms
35
Bathrooms
58
Total area
9,576 SF
Lot
3.7 ac (161,172 SF)
APN
003-693-013-000
UPID
US09-2921917
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
1992
Construction
WOOD
Heating
NONE
Stories
3
Buildings
3
Rooms
35
Bathrooms
58
Lot
3.7 ac
Current owner
From public records · entity-resolved
Salinas South Intermediary LLC
Entity
Mailing address
9130 GUILFORD RDA, COLUMBIA, MD 21046-1803
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
$9,120,000
Salinas South Intermediary LLC
G6 Hospitality Property LLC
Grant Deed
$6,720,000 · Premier Valley Bank
Sep 9, 2021
—
G6 Hospitality Property LLC
—
Deed
related
$685,000,000 · Jpmorgan Chase Bank NA
Oct 25, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$2,010,000,000 · Jp Morgan Chase Bk
Aug 16, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$201,000,000 · Jpmorgan Chase Bank NA
Oct 31, 2012
—
G6 Hospitality Property LLC
Motel 6 Operating LP
Grant Deed
$1,050,000,000 · J P Morgan Chase Bank
May 10, 2012
$34,000
Motel 6 Operating LP
Acrem V Business Trust
Grant Deed
—
May 10, 2012
$8,973,000
Motel 6 Operating LP
M-six V Business Trust
Grant Deed
—
Jun 4, 1998
$43,800
M-six V Bueinsss Trust
Motel 6 Operating LP
Trustees Deed
—
Jun 4, 1998
$43,500
Acrem V Business Trust
Motel 6 Operating LP
Trustees Deed
—
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,800,000,000 · Jp Morgan Chase Bk
—
—
G6 Hospitality Property LLC
—
Loan Modification
related
$2,010,000,000 · Jp Morgan Chase Bk
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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