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    Property profile & analytics

    1351 Main St Salinas, CA 93906-2828

    • Hotels
    • 4,616 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimation
    $5,830,000
    Last Sale
    Sep 15, 2022
    $6,375,000
    Location Intelligence
    Property ID
    US09-2407361
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • El Dorado Motel / Motel

    Property Details for 1351 Main St

    Year built
    1952
    Construction
    WOOD
    Lot size
    0.81 lot acres
    Property size
    4,616 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    003-381-003-000
    APU
    3381003000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,250,000
      6.5%
      $6,995,000
      7%
      $6,690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,270,000
      Geo Method
      $6,220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,595,000
      Retail
      $6,485,000
      Mixed-Use
      $6,545,000
      Hospitality
      $6,755,000
      Educational
      $5,955,000
      Residential Income
      $5,560,000
      Energy
      $5,265,000
      Income-Based Land
      $5,940,000
      Food Service
      $6,370,000

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.654
    Latitude
    36.7043
    CBSA code
    41500
    CBSA name
    SALINAS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $74,235
    $4,000,000
    $2,468,500
    $6,468,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      39,403 SF

      801 Laurel Dr

      HOTEL/MOTEL • 39,403 SF
      801 Laurel Dr, Salinas, CA 93906-2730
      View Details
    • Value Estimation by Request
      0.24 Acres

      2100 Main St

      HOTEL/MOTEL • 0.24 Acres
      2100 Main St, Salinas, CA 93906-1712
      View Details
    • Value Estimation
      $545,000
      7,251 SF

      1149 Main St

      HOTEL/MOTEL • 7,251 SF
      1149 Main St, Salinas, CA 93906-3614
      View Details
    • Value Estimation by Request
      6,852 SF

      1217 Main St

      HOTEL/MOTEL • 6,852 SF
      1217 Main St, Salinas, CA 93906-2826
      View Details
    • Value Estimation
      $1,675,000
      0.47 Acres

      2086 Main St

      HOTEL/MOTEL • 0.47 Acres
      2086 Main St, Salinas, CA 93906-1733
      View Details
    • Value Estimation by Request
      12,187 SF

      801 Laurel Dr

      HOTEL/MOTEL • 12,187 SF
      801 Laurel Dr, Salinas, CA 93906-2730
      View Details

    Similar Nearby for Sale

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      Commercial Land For Sale

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    Similar Nearby for Lease

    • $13 SF/Yr
      136,712 SF

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      High-visibility Salinas retail space, ample parking.
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    • Contact for pricing
      3,415 SF

      Salinas Commercial Office Building

      Commercial office building in Salinas, California available for lease.
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      View Details
    • $27 SF/Yr
      2,119 SF

      Retail Space in Salinas Center

      Retail space available in a newer neighborhood center anchored by Safeway.
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      View Details
    • $2 SF/Yr
      2,733 SF

      Retail Space in Salinas Plaza

      Office space convertible to retail/restaurant in a shopping center.
      2027-2039 N Main St, Salinas, CA 93906
      View Details

    Property Visit Statistics

    • Visits by month
      67.9k
    • Visitors by month
      40.0k
    • Avg Time on site
      12 min
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    1351 Main St
    Salinas, CA 93906-2828
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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