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    Property profile & analytics

    3665 Rio Rd Carmel, CA 93923-8609

    • Hotels
    • 57,065 SF
    • 3.22 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 19, 2020
    $15,625,000
    Location Intelligence
    Property ID
    US09-2714115
    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.

    Current Use by Public Records

    • Carmel Valley Veterinary Hospital / Hospital
    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Carmel Mission Inn / American Restaurant / Bar & Grill
    • Shearwater Tavern / Restaurant
    • Location Scouting LLC Based In Big Sur Carmel Monterey Peninsula California / Film Production Company

    Property Details for 3665 Rio Rd

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.22 lot acres
    Property size
    57,065 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    009-562-013-000
    APU
    9562013000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Monterey
    State
    California
    Longitude
    -121.908
    Latitude
    36.5398
    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
    $499,790
    $16,424,664
    $19,234,740
    $35,659,404
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,948 SF

      Msn St At 3rd Ave

      HOTEL/MOTEL • 6,948 SF
      Msn St At 3rd Ave, Carmel, CA 93923
      View Details
    • Value Estimation by Request
      2,094 SF

      San Antonio Ave

      HOTEL/MOTEL • 2,094 SF
      San Antonio Ave, Carmel, CA 93923
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    • Value Estimation by Request
      9,886 SF

      Torres St

      HOTEL/MOTEL • 9,886 SF
      Torres St, Carmel, CA 93923
      View Details
    • Value Estimation by Request
      1,584 SF

      24815 Carpenter Rd

      HOTEL/MOTEL • 1,584 SF
      24815 Carpenter Rd, Carmel, CA 93923-8344
      View Details
    • Value Estimation
      $3,755,000
      2,230 SF

      Junipero Ave

      HOTEL/MOTEL • 2,230 SF
      Junipero Ave, Carmel, CA 93923
      View Details
    • Value Estimation
      $1,920,000
      6,999 SF

      Msn St

      HOTEL/MOTEL • 6,999 SF
      Msn St, Carmel, CA 93923
      View Details

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    Similar Nearby for Lease

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      Retail space available in a strategically positioned location.
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    • $18 SF/Yr
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      Carmel Medical Office Suites

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      Carmel Medical/Dental Office Spaces

      Medical/dental office spaces for lease in Carmel, California.
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    • $10,000 /Mo
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      Retail Space in Historic Pine Inn

      Retail space with Ocean Avenue frontage in Carmel-by-the-Sea.
      783 Ocean Ave, Carmel by the Sea, CA 93923
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    Carmel, CA 93923-8609
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    Realmo Value Estimation

    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.

    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.

    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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