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Property profile & analytics
FOR SALE
Hotels
6 S Wood St Salinas, CA 93905
Individually Owned
23-yr Hold
Free & Clear
Property ID
US09-0794940
For Sale
1 / 35
$3,100,000
6 S Wood St, Salinas, CA 93905
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1964
Construction
WOOD
Total area
8,286 SF
Lot
0.36 ac (15,647 SF)
APN
004-061-036-000
UPID
US09-0794940
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
-
Western Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$331k
Blend (final)
Blend
$515k
Owner & transaction history
Western Skylodge · 23 yrs held
Western Skylodge
since 2002
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
by Request
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$62 / 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
$3,840
Tax year 2023
Assessed value
$306,783
Assessed 2023
Previous assessed
$306,783
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$217,240
Assessed improvement
$89,543
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
For Sale
Year built
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
28
Rooms
53
Bathrooms
13
Total area
8,286 SF
Lot
0.36 ac (15,647 SF)
APN
004-061-036-000
UPID
US09-0794940
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
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
28
Rooms
53
Bathrooms
13
Lot
0.36 ac
Current owner
From public records · entity-resolved
Western Skylodge
Individual
Free & Clear · 23 yrs held
Mailing address
6 S WOOD ST, SALINAS, CA 93905-3104
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2002
—
Western Skylodge
Western Skylodge Motel
Quit Claim Deed
related
—
Mar 7, 2001
—
Western Skylodge Motel
Kumar Construction INC
Grant Deed
related
—
Feb 8, 2000
$5,000
Kumar Construction INC
Patel,ashwin B & Jaya A
Grant Deed
related
—
Jul 8, 1997
$220,000
Ashwin B Patel
Patel,rameshbhai V & Sumanben R
Grant Deed
related
$200,000 · Seller
—
—
Western Skylodge
—
Deed Of Trust
related
$625,000 · Heritage Bank Of Commerce
—
—
Kumar Construction INC
—
Deed Of Trust
related
$30,000 · Steinback Towers INC
—
—
Kumar Construction INC
—
Deed Of Trust
related
$75,000 · Individual
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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