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    189 Seaside Ave Marina, CA 93933-2505
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    Property profile & analytics

    189 Seaside Ave, Marina, CA 93933-2505

    View on Map
    • Hotels
    • 45,766 SF
    • 1.34 lot acres
    Off-Market
    Last Sale May 29, 2025
    $15,000,000
    Property ID
    US09-1553984
    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.
    Value Estimations
    $15,195,000
    Show details
    Cap Rate Potential
    2%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 189 Seaside Ave

    Year built
    2002
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.34 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    033-111-032-000
    APU
    33111032000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 29, 2025 $15,000,000 Seaside Hiex LLC 189 Seaside LLC Grant Deed $7.6M · Bank Of Utah
    May 29, 2025 — Seaside Hiex LLC — Deed · related $5M · The Mortgage Capital Development Corp
    Mar 24, 2020 — 189 Seaside LLC — Deed · related $10.1M · Bank Of The Orient
    Mar 21, 2017 $11,000,000 189 Seaside LLC Ocean Lodging LLC Grant Deed $6.3M · Bank Of Hope
    Jul 30, 2009 $9,306,000 Ocean Lodging LLC Marina Hospitality LLC Grant Deed $4.6M · Zions First National Bank
    Jul 9, 2009 — Marina Hospitality LLC Marina Hospitality LLC Quit Claim Deed · related —
    Mar 15, 2006 — Marina Hospitality LLC Bruno,bart J Grant Deed $6M · East West Bank
    Nov 14, 2005 — Bart J Bruno Bt Investors LLC Grant Deed · related —
    Dec 14, 2001 — Bt Investors LLC Bt Development Group LLC Grant Deed · related —
    — — 189 Seaside LLC — Deed Of Trust · related $10.1M · Bank Of The Orient

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,461,000
      Market price range: $12.6M - $75.7M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marina
    County
    Monterey
    State
    California
    Longitude
    -121.802
    Latitude
    36.6923
    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
    $143,100
    $2,231,037
    $10,757,321
    $12,988,358
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      955 SF

      3295 Dunes Rd

      HOTEL/MOTEL
      3295 Dunes Rd, Marina, CA 93933-2002
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    • Value Estimation by Request
      3,800 SF

      430 Reservation Rd

      HOTEL/MOTEL
      430 Reservation Rd, Marina, CA 93933-3320
      View Details
    • Value Estimation
      $2,520,000
      31,824 SF

      3290 Dunes Rd

      HOTEL/MOTEL
      3290 Dunes Rd, Marina, CA 93933-2005
      View Details
    • Value Estimation
      $1,970,000
      31,842 SF

      140 Reservation Rd

      HOTEL/MOTEL
      140 Reservation Rd, Marina, CA 93933-2522
      View Details
    • Value Estimation
      $4,905,000
      2,922 SF

      3100 Del Monte Blvd, Unit 8

      HOTEL/MOTEL
      3100 Del Monte Blvd, Marina, CA 93933-3049
      View Details
    • Value Estimation
      $5,500,000
      14,918 SF

      416 Reservation Rd

      HOTEL/MOTEL
      416 Reservation Rd, Marina, CA 93933-3320
      View Details

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      Land with Development Potential

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      Land with Restaurant Development Potential

      Land available with water rights and residential zoning.
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    • $150,000
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      Commercial Property in Marina, California

      Commercial property for sale in Monterey County.
      215 Reservation Rd, Marina, CA 93933
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    Similar Nearby for Lease

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      Mixed-Use Development Near Monterey Bay

      Mixed-use property in Marina, CA, near the Pacific Ocean.
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      1,805 SF

      Retail Space in Planned Community

      Retail space available within a large, mixed-use development.
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      2,400 SF

      High-Visibility Retail Space Available

      Neighborhood convenience store with high visibility and accessibility.
      320 Reservation Rd, Marina, CA 93933
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      1,440 SF

      Industrial Space for Light Manufacturing

      1,440 SF suite suitable for light industrial uses.
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      Retail Space in Planned Community

      Retail space available in a large mixed-use development.
      2754 Sand Dune Ave, Marina, CA 93933
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      High Visibility Commercial Space Available

      Excellent location with high traffic and pull-up parking.
      3056 Del Monte Blvd, Marina, CA 93933
      View Details
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    Marina, CA 93933-2505
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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