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Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Hotels
187 Kern St Salinas, CA 93905-2016
Individually Owned
Free & Clear
Property ID
US10-3189877
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2000
Construction
WOOD
Total area
24,356 SF
Lot
1.37 ac (59,677 SF)
APN
003-092-009-000
UPID
US10-3189877
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
-
Tienda super Shopping Center & Mall
-
Best Western Salinas Valley Inn & Suites Hotel & Motel
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.05M
Owner & transaction history
Daniel And Heejoo Ohf Fmtr
Daniel And Heejoo Ohf Fmtr
since 2025
Last sale
$5.4M
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
$4,620,000
ML approach
$4,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±10% · vs last sale $5.40M (Dec 5 2023)
Last sale anchor
$5.40M
Dec 5 2023
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
$207 / 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
$80,647
Tax year 2023
Assessed value
$7,017,502
Assessed 2023
Previous assessed
$7,017,502
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,538,329
Assessed improvement
$5,479,173
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
2000
Construction
WOOD
Heating
NONE
Stories
3
Units
1
Rooms
6
Bathrooms
2
Total area
24,356 SF
Lot
1.37 ac (59,677 SF)
APN
003-092-009-000
UPID
US10-3189877
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
2000
Construction
WOOD
Heating
NONE
Stories
3
Units
1
Rooms
6
Bathrooms
2
Lot
1.37 ac
Current owner
From public records · entity-resolved
Daniel And Heejoo Ohf Fmtr
Individual
Free & Clear · 0 yrs held
Mailing address
187 KERN ST, SALINAS, CA 93905-2016
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2025
—
Daniel And Heejoo Ohf Fmtr
Daniel And Heejoo Ohf Fmtr
Deed
related
—
Dec 5, 2023
$2,267,000
Daniel Oh
Kyung Ja Oh
Grant Deed
related
—
Aug 12, 2019
—
Oh Family Trust
Oh,hyun B
Affidavit Of Death
related
—
Oct 12, 2006
—
Oh Daniel & H Family Trust
Oh,daniel & Heejoo
Quit Claim Deed
related
—
Sep 16, 2004
—
Daniel Oh
Oh,daniel & Heejoo
Quit Claim Deed
related
—
May 10, 2004
$5,400,000
Daniel Oh
Salinas Valley Inn & Suites Lc
Grant Deed
$3,726,000 · Community Bank Central Ca
Sep 1, 2000
—
Salinas Valley Inn & Suites
Trettin,stephen E & Pamela J
Grant Deed
$391,790 · Seller
—
—
Oh Family Trust
—
Loan Modification
related
$3,300,000 · Rabobank
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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