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Property profile & analytics
OFF-MARKET
Estimated value
$2,810,000
Office Spaces
10 Harris Ct Ste A1 Monterey, CA 93940-7823
Individually Owned
6-yr Hold
Free & Clear
Property ID
US09-4570946
Property summary
AI-generated overview
This exceptional office property, located at 10 Harris Court in Monterey, California (zip code 93940), offers a blend of executive and traditional office spaces within a beautiful Mediterranean-style building. The two-story building encompasses a total of 12,000 square feet, with 2,997 square feet currently available for lease. Multiple tenancy options are available, accommodating businesses of varying sizes. The available spaces range from 1,661 to 2,997 square feet, providing flexibility for diverse needs. Situated in a tranquil setting just off the Monterey Salinas Highway, this location offers unparalleled convenience. Enjoy easy access to Highway 1, Monterey Regional Airport, and the renowned Laguna Seca Racetrack. The building is located in the Monterey submarket cluster of Monterey County and features a cross street of Ragsdale. While elevators are not present, the two-story design ensures convenient accessibility. This property presents a unique opportunity to establish a presence in a desirable Monterey location, combining professional aesthetics with practical accessibility. Contact us today to learn more about leasing opportunities.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
8,470 SF
Lot
0.19 ac (8,467 SF)
APN
259-152-002-000
UPID
US09-4570946
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
-
Edison Electricians of Monterey Electrical Service General Contractor
-
VARNEL Consulting & Training Service Establishment Training Centre
-
Michael Klassen, M.D., F.A.A.O.S. Medical Clinic Physician
-
Pablo Romero Pediatrician Physician
-
Dr. Matthew M. Watson, MD, MPH Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$3.23M
Blend (final)
Blend
$2.81M
Owner & transaction history
William U Khieu · 6 yrs held
William U Khieu
since 2019
Last sale
$3.5M
3 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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,115,000
6.5%
$1,950,000
7%
$1,810,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,610,000
Current use
RESTAURANT
$4,590,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,530,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,250,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,165,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.81M
Range $2.53M – $3.09M · ±10% · vs last sale $3.50M (Feb 20 2026)
Last sale anchor
$3.50M
Feb 20 2026
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
$332 / 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
$19,377
Tax year 2023
Assessed value
$1,787,001
Assessed 2023
Previous assessed
$1,787,001
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$420,470
Assessed improvement
$1,366,531
Applied tax rate
3.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Total area
8,470 SF
Lot
0.19 ac (8,467 SF)
APN
259-152-002-000
UPID
US09-4570946
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.6M
RESTAURANT
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
William U Khieu
Individual
Free & Clear · 6 yrs held
Mailing address
17800 RIVERBEND RD, SALINAS, CA 93908-1426
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
Aug 30, 2019
$1,700,000
William U Khieu
Klassen Michael G
Grant Deed
—
Apr 6, 2017
—
Michael G Klassen
Klassen M G & M L Trust
Quit Claim Deed
related
—
Mar 8, 2017
—
Michael G Klassen
Michael G Klassen
Intrafamily Transfer
related
$1,215,000 · Umpqua 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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