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Property profile & analytics
OFF-MARKET
Estimated value
$1,955,000
Hotels
2124 Fremont St, Monterey, CA 93940-5213
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-2733241
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1963
Total area
13,037 SF
Lot
0.85 ac (36,900 SF)
APN
013-181-009-000
UPID
US09-2733241
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
-
Motel 6 Monterey, CA Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.96M
Owner & transaction history
Bayside Hospitality LLC · 2 yrs held
Bayside Hospitality LLC
since 2023
Last sale
$1.8M
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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,395,000
6.5%
$1,285,000
7%
$1,195,000
Blend value · Realmo final
$1.96M
Range $1.76M – $2.15M · ±10% · vs last sale $1.82M (Nov 1 2023)
Last sale anchor
$1.82M
Nov 1 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
$150 / 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
$48,381
Tax year 2023
Assessed value
$4,265,971
Assessed 2023
Previous assessed
$4,265,971
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,098,493
Assessed improvement
$2,167,478
Applied tax rate
3.0000
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
1963
Heating
NONE
Stories
2
Units
53
Rooms
109
Bathrooms
53
Total area
13,037 SF
Lot
0.85 ac (36,900 SF)
APN
013-181-009-000
UPID
US09-2733241
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
1963
Heating
NONE
Stories
2
Units
53
Rooms
109
Bathrooms
53
Lot
0.85 ac
Current owner
From public records · entity-resolved
Bayside Hospitality LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2124 FREMONT ST, MONTEREY, CA 93940-5213
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$1,824,000
Bayside Hospitality LLC
Holly L Henzell Lopez
Grant Deed
—
May 22, 2023
—
M5 Sundance Holdings LLC
Jonathan Semar
Grant Deed
—
Feb 1, 2022
—
Bayside Hospitality LLC
—
Deed
related
$5,606,250 · The Bank Of Hemet
Jan 25, 2021
—
Bayside Hospitality LLC
—
Deed
related
$2,300,000 · The Bank Of Hemet
Dec 4, 2018
—
Nathaniel Carasa
Mullen Thomas Trust
Quit Claim Deed
related
—
Dec 3, 2018
—
Handy,ross & Marian Living Trust
Handy,marian A
Quit Claim Deed
related
—
Aug 16, 2017
—
G6 Hospitality Property LLC
—
Trustees Deed
related
$2,010,000,000 · Jp Morgan Chase Bk
Aug 11, 2017
—
Celeste Mullen
Mullen Thomas M JR
Affidavit Of Death
related
—
Dec 12, 2016
—
Henzell Trust
Henzell Family Trust
Quit Claim Deed
related
—
May 3, 2016
—
Mullen,thomas Living Trust
Mullen,thomas M JR
Quit Claim Deed
related
—
May 20, 2014
—
Pfop Associates LLC
Mullen Trust
Quit Claim Deed
related
—
Dec 26, 2013
—
Thomas M Mullen JR.
Mullen Trust
Quit Claim Deed
related
—
Oct 31, 2012
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,050,000,000 · J P Morgan Chase Bank
Nov 22, 2005
—
Jonathan Semar
Wherland Dorothy A Trust
Quit Claim Deed
related
—
Jul 19, 2004
—
Nancy R Meeks
Rathbone,tr
Grant Deed
related
—
Oct 22, 2003
—
James V Mcnamara
Mcnamara,james V & Christine G
Quit Claim Deed
related
—
Mar 3, 1995
—
Archer Trust
Archer Trust
Quit Claim Deed
related
—
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,800,000,000 · Jp Morgan Chase Bk
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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