New search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Hotels
1262 Munras Ave, Monterey, CA 93940-6138
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-2287318
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1959
Construction
WOOD
Total area
4,153 SF
Lot
0.87 ac (37,935 SF)
APN
001-661-040-000
UPID
US09-2287318
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
-
VIP Associates Inc Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$525k
Owner & transaction history
Natwar Patel Family Ptshp · 18 yrs held
Natwar Patel Family Ptshp
since 2008
6 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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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
$440,000
CAP Approach
CAP Return
Estimation
6%
$445,000
6.5%
$410,000
7%
$380,000
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$126 / 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
$42,951
Tax year 2023
Assessed value
$3,818,458
Assessed 2023
Previous assessed
$3,818,458
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,709,904
Assessed improvement
$2,108,554
Applied tax rate
3.0000
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
1959
Construction
WOOD
Heating
NONE
Stories
1
Units
34
Rooms
27
Bathrooms
20
Total area
4,153 SF
Lot
0.87 ac (37,935 SF)
APN
001-661-040-000
UPID
US09-2287318
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
1959
Construction
WOOD
Heating
NONE
Stories
1
Units
34
Rooms
27
Bathrooms
20
Lot
0.87 ac
Current owner
From public records · entity-resolved
Natwar Patel Family Ptshp
Individual
Mailing address
23710 SPECTACULAR BID LN, MONTEREY, CA 93940-6525
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Natwar Patel Family Partnership
—
Deed
related
$475,000 · Pacific Valley Bank
Jul 20, 2021
—
Natwar Patel Family Partnership
—
Deed
related
$3,500,000 · Pacific Valley Bank
Jun 12, 2017
—
Natwar Patel Family Ptshp
—
Grant Deed
related
$5,215,000 · Wells Fargo Bk
May 30, 2008
—
Natwar Patel Family Ptshp
Natwar Patel Family Ptshp
Quit Claim Deed
related
$4,200,000 · Pacific Valley Bank
Sep 15, 1998
—
Natwar Patel Family Ptshp
—
Deed Of Trust
related
$2,192,000 · Wells Fargo Bank
Jul 24, 1998
—
Brothers/patel Family Ptshp
Reliable Lodging Co
Grant Deed
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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