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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Hotels
1855 Main St Watsonville, CA 95076-6024
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3845927
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Construction
WOOD
Total area
36,532 SF
Lot
1.47 ac (64,033 SF)
APN
018-441-07
UPID
US09-3845927
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
-
Holiday Inn Express & Suites Watsonville, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.43M
Owner & transaction history
Akshar Ents · 18 yrs held
Akshar Ents
since 2007
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 Watsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watsonville 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
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$39 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$61,503
Tax year 2024
Assessed value
$4,280,331
Assessed 2024
Previous assessed
$4,280,331
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$660,922
Assessed improvement
$3,619,409
Applied tax rate
2.0000
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
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
NONE
Stories
3
Units
64
Total area
36,532 SF
Lot
1.47 ac (64,033 SF)
APN
018-441-07
UPID
US09-3845927
Jurisdiction
SANTA CRUZ
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
2001
Construction
WOOD
Heating
NONE
Stories
3
Units
64
Lot
1.47 ac
Current owner
From public records · entity-resolved
Akshar Ents
Individual
Mailing address
6030 HELLYER AVE STE #150, SAN JOSE, CA 95138-1038
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
—
Ashkar Enterprise Limited Partnersh
—
Deed
related
$6,900,000 · Commercial Bank Of Ca
Feb 8, 2019
—
Akshar Ent LP
—
Deed
related
$7,500,000 · Bank Of Hope
Nov 30, 2007
—
Akshar Ents
Akshar Ents LLC
Quit Claim Deed
$4,500,000 · Commonwealth Business Bank
Sep 14, 1999
—
Akshar Enterprises LLC
Patel,paresh
Grant Deed
$3,317,900 · Heritage Bank Of Commerce
May 5, 1998
$375,000
Paresh Patel
Lrg LLC
Grant Deed
—
—
—
Akshar Ent LP
—
Deed Of Trust
related
$7,500,000 · Bank Of Hope
—
—
Akshar Ent LP
—
Deed Of Trust
related
$4,300,000 · Hanmi Bank
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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