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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Motels
970 Main St Watsonville, CA 95076-3813
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3656690
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1992
Construction
WOOD
Total area
7,320 SF
Lot
0.26 ac (11,282 SF)
APN
016-173-47
UPID
US09-3656690
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
-
Valley Inn Watsonville Hotel & Motel Bed & Breakfast
-
Budgetel Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$820k
Blend (final)
Blend
$755k
Owner & transaction history
Manju Hospitality · 7 yrs held
Manju Hospitality
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+83.6%
Restaurant
$1.2M
+78.4%
Medical building
$1.2M
+71.8%
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 Watsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watsonville 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
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$685,000
Current use
OFFICE BUILDING
$1,255,000
Change: +84% · Conversion: Difficult
RESTAURANT
$1,220,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$1,175,000
Change: +72% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,100,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$103 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$30,682
Tax year 2024
Assessed value
$2,621,470
Assessed 2024
Previous assessed
$2,621,470
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,527,824
Assessed improvement
$1,093,646
Applied tax rate
2.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
20
Total area
7,320 SF
Lot
0.26 ac (11,282 SF)
APN
016-173-47
UPID
US09-3656690
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$685,000
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$840,000
HOTEL/MOTEL Current
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
20
Lot
0.26 ac
Current owner
From public records · entity-resolved
Manju Hospitality
Individual
Mailing address
111 OCEAN ST, SANTA CRUZ, CA 95060-5115
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2019
$2,425,000
Manju Hospitality
Panchal And Smitherum Management Ll
Grant Deed
$1,990,000 · Cogent Bank
Feb 23, 1998
—
Panchal & Smitherum Mngmt LLC
Panchal,dhaval H & Alpa M
Quit Claim Deed
related
—
—
—
Dhaval H Panchal
—
Deed Of Trust
related
$375,000 · Coast Commercial 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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