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Property profile & analytics
OFF-MARKET
Estimated value
$5,970,000
Hotels
1351 Main St Salinas, CA 93906-2828
Entity Owned
~
Est. High Equity
Property ID
US09-2407361
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1952
Construction
WOOD
Total area
4,616 SF
Lot
0.81 ac (35,075 SF)
APN
003-381-003-000
UPID
US09-2407361
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
-
El Dorado Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.64M
Blend (final)
Blend
$5.97M
Owner & transaction history
Pn Investments INC
Pn Investments INC
since 2026
Last sale
$6.0M
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
$5,750,000
ML approach
$6,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.97M
Range $5.37M – $6.57M · ±10% · vs last sale $6.00M (Jan 26 2026)
Last sale anchor
$6.00M
Jan 26 2026
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
$1,293 / 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
$74,235
Tax year 2023
Assessed value
$6,468,500
Assessed 2023
Previous assessed
$6,468,500
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$4,000,000
Assessed improvement
$2,468,500
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
1952
Construction
WOOD
Heating
NONE
Stories
1
Units
14
Rooms
38
Bathrooms
17
Total area
4,616 SF
Lot
0.81 ac (35,075 SF)
APN
003-381-003-000
UPID
US09-2407361
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
1952
Construction
WOOD
Heating
NONE
Stories
1
Units
14
Rooms
38
Bathrooms
17
Lot
0.81 ac
Current owner
From public records · entity-resolved
Pn Investments INC
Entity
Mailing address
16 WIMBLEDON CIR, SALINAS, CA 93906-2174
Ownership since
2026
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
Jan 26, 2026
—
Pn Investments INC
Pn Investments INC
Deed
related
$4,300,000 · Pn Investments INC
Jan 26, 2026
$6,000,000
Rick Cabrera
Pn Investments INC
Grant Deed
—
Apr 16, 2025
—
Pn Investments INC
—
Deed
related
$2,000,000 · Pacific Valley Bank
Jun 28, 2023
—
Pn Investments INC
—
Deed
related
$2,500,000 · Pacific Valley Bank
Sep 15, 2022
$6,375,000
Pn Investments INC
Cafe Main Street Properties LLC
Grant Deed
—
Dec 12, 2019
—
Cafe Main Street Prop LLC
—
Deed
related
$4,869,810 · Cafe Investments LLC
Jan 14, 2019
$4,600,000
Cafe Main Street Prop LLC
El Dorado Motel
Grant Deed
—
Aug 31, 2017
—
El Dorado Motel
—
Deed
related
$1,070,000 · Keypoint Cu
—
—
Borg Trust
—
Deed Of Trust
related
$350,000 · Malta Enterprises Psp
—
—
Cafe Main Street Prop LLC
—
Deed Of Trust
related
$4,869,810 · Cafe Investments LLC
—
—
El Dorado Motel
—
Deed Of Trust
related
$1,070,000 · Keypoint Cu
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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