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Western Motel 6 S Wood St 26 Room Hotel Salinas, CA 93905 $4,309,837 CAD ($165,763 CAD/Room) 6.44% Cap Rate
Investment Highlights
- 25-unit boutique motel in Salinas, CA
- Ideal for owner/operator — includes 2BR/2BA living quarters
- Stabilized NOI: $435,912 — 12.5% Pro Forma Cap Rate
- Strong upside potential with increased occupancy (current ~40% vs. market ~75%)
- Significant upgrades completed; minimal deferred maintenance
Executive Summary
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,309,837 CAD | Lot Size | 0.53 AC |
| Price Per Room | $165,763 CAD | Building Size | 8,196 SF |
| Sale Type | Investment | No. Rooms | 26 |
| Cap Rate | 6.44% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built | 1964 |
| Property Type | Hospitality | Parking Ratio | 3.05/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | CR-FG5 - Focused Growth Overlay E. Alisal / E. Market St Zoning District (CR-FG5). Contact the Salinas City Planning Department for more information. | ||
| Price | $4,309,837 CAD |
| Price Per Room | $165,763 CAD |
| Sale Type | Investment |
| Cap Rate | 6.44% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 8,196 SF |
| No. Rooms | 26 |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 3.05/1,000 SF |
| Corridor | Exterior |
| Zoning | CR-FG5 - Focused Growth Overlay E. Alisal / E. Market St Zoning District (CR-FG5). Contact the Salinas City Planning Department for more information. |
About 6 S WOOD ST , SALINAS, CA 93905
Now offered for sale, the Western Motel is a well-maintained 25-unit independent motel located in the heart of Salinas, California. The motel benefits from recent upgrades, including dual-pane windows throughout, a 400-amp electrical service, updated plumbing with a water softening system, and an oversized water heater. Each guest room is equipped with A/C units for added comfort, while property-wide amenities include 25 parking spaces (with ADA compliance and EV charging), Comcast TV/WiFi, and a 15-camera security system. A unique feature of the property is the on-site owner’s quarters: a 2-bedroom/2-bath residence with a full kitchen, family room, and separate living area, offering convenience for operators or potential for alternative use. Motel laundry facilities, office space, and booking integrations with major platforms provide further operational efficiency. With current occupancy at approximately 40%, the property offers strong value-add potential, as market occupancy trends are closer to 70–80% in the region. This makes Western Motel an attractive acquisition for hands-on operators or investors seeking both immediate income and long-term upside.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 25 | $177.95 CAD | - |
Property Taxes
| Parcel Number | 004-061-036-000 | Total Assessment | $431,133 CAD (2025) |
| Land Assessment | $307,496 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $123,638 CAD (2025) | Tax Year | 2024 Payable 2024 |
Property Taxes
Presented by
Western Motel | 6 S Wood St
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