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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Hotels
2227 Fremont St, Monterey, CA 93940-5404
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1463277
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1976
Construction
WOOD
Total area
12,186 SF
Lot
0.8 ac (34,727 SF)
APN
013-121-020-000
UPID
US09-1463277
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
-
Red Roof Inn & Suites Monterey Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$966k
Blend (final)
Blend
$995k
Owner & transaction history
Nj Properties INC · 10 yrs held
Nj Properties INC
since 2016
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
$815,000
CAP Approach
CAP Return
Estimation
6%
$1,300,000
6.5%
$1,200,000
7%
$1,115,000
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$82 / 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
$57,650
Tax year 2023
Assessed value
$5,104,226
Assessed 2023
Previous assessed
$5,104,226
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,617,005
Assessed improvement
$2,487,221
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
1976
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
25
Rooms
50
Bathrooms
50
Total area
12,186 SF
Lot
0.8 ac (34,727 SF)
APN
013-121-020-000
UPID
US09-1463277
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
1976
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
25
Rooms
50
Bathrooms
50
Lot
0.8 ac
Current owner
From public records · entity-resolved
Nj Properties INC
Entity
Mailing address
290 ATASCADERO RD, MORRO BAY, CA 93442-1517
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
Nj Properties INC
—
Deed
related
$2,000,000 · United States Small Business Admin
Mar 5, 2020
—
Nj Properties INC
—
Deed
related
$2,800,000 · Sunwest Bk
Oct 28, 2019
—
Nj Properties INC
—
Grant Deed
related
$5,500,000 · Sunwest Bk
May 3, 2016
—
Nj Properties INC
Ashirvaad Hospitality INC
Quit Claim Deed
related
—
Feb 15, 2012
$3,500,000
Ahirvaad Hospitality INC
Pacifica L 33 LLC
Grant Deed
$2,625,000 · Pacifica L 33 LLC
Sep 9, 2011
$3,300,200
Pacifica L33 LLC
Fidelity National Title Co
Trustees Deed
related
—
Jan 12, 2007
—
Savitri K Patel
Stoltz,jared I JR
Quit Claim Deed
related
$400,000 · Jerry M Cardinell
Sep 10, 2002
$6,129,000
Savitri K Patel
Yoo,hyun S & Sun Y
Grant Deed
$3,000,000 · Monterey Bay Bank
Dec 31, 2001
—
Hyun S Yoo
—
Deed Of Trust
related
$3,415,000 · Community Bank Central Ca
—
—
Ashirvaad Hospitality INC
—
Deed Of Trust
related
$2,700,000 · Silvergate Bk
—
—
Nj Properties INC
—
Loan Modification
related
$2,800,000 · Sunwest Bk
—
—
Savitri K Patel
—
Deed Of Trust
related
$50,000 · Tedrowe Trust
—
—
Savitri K Patel
—
Deed Of Trust
related
$450,000 · Sundean Foundation
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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