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Property profile & analytics
OFF-MARKET
Estimated value
$7,440,000
Hotels
612 Central Ave, Pacific Grove, CA 93950-2611
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0110591
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1886
Construction
WOOD
Total area
9,281 SF
Lot
0.36 ac (15,750 SF)
APN
006-164-024-000
UPID
US09-0110591
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.85M
Blend (final)
Blend
$7.44M
Owner & transaction history
612 Central Ave LLC · 3 yrs held
612 Central Ave LLC
since 2022
Last sale
$8.1M
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 Pacific Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific Grove 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
$7,115,000
ML approach
$8,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.44M
Range $6.70M – $8.18M · ±10% · vs last sale $8.10M (Nov 14 2022)
Last sale anchor
$8.10M
Nov 14 2022
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
$802 / 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
$91,277
Tax year 2023
Assessed value
$8,221,539
Assessed 2023
Previous assessed
$8,221,539
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,000,000
Assessed improvement
$3,221,539
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1886
Construction
WOOD
Heating
NONE
Buildings
5
Stories
3
Units
26
Rooms
40
Bathrooms
12
Total area
9,281 SF
Lot
0.36 ac (15,750 SF)
APN
006-164-024-000
UPID
US09-0110591
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
1886
Construction
WOOD
Heating
NONE
Stories
3
Buildings
5
Units
26
Rooms
40
Bathrooms
12
Lot
0.36 ac
Current owner
From public records · entity-resolved
612 Central Ave LLC
Entity
Mailing address
301 N CANON DR STE #302, BEVERLY HILLS, CA 90210-4724
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
$8,100,000
612 Central Ave LLC
Centrella INC
Grant Deed
$4,230,000 · Poppy Bank
Oct 31, 2014
—
Centrella INC|patel Family Trust
Patel Family Trust
Quit Claim Deed
$1,306,000 · Us Small Busn Admn
Oct 23, 2012
—
Patel Family Trust
—
Deed Of Trust
related
$1,270,000 · Rabobank
Mar 3, 2010
—
Patel Family Trust
Patel,amrish G & Jignasa
Quit Claim Deed
related
—
May 12, 2004
$3,600,000
Amrish G Patel
Centrella Investors LLC
Grant Deed
$2,700,000 · Community Bank Central Ca
Aug 29, 1997
$3,000,000
Centrella Investors LLC
Peninsula Heritage Properties
Grant Deed
$2,400,000 · First National Bank Central Ca
—
—
Patel Family Trust
—
Deed Of Trust
related
$1,270,000 · Rabobank
—
—
Centrella Investors LLC
—
Deed Of Trust
related
$3,100,000 · First National Bank Central Ca
—
—
Amrish Patel
—
Deed Of Trust
related
$140,000 · Tavares Trust
—
—
Amrish G Patel
—
Deed Of Trust
related
—
—
—
Peninsula Heritage Properties
—
Deed Of Trust
related
$1,155,500 · Cypress Coast Bank
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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