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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Office buildings
10 Harris Ct Ste C1, Monterey, CA 93940-5739
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-2768002
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Construction
WOOD
Total area
15,093 SF
Lot
0.28 ac (12,197 SF)
APN
259-151-004-000
UPID
US09-2768002
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 Consultant Service Establishment
-
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
$3.48M
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$3.40M
Owner & transaction history
West End Partners LLC · 8 yrs held
West End Partners LLC
since 2017
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 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%
$3,765,000
6.5%
$3,475,000
7%
$3,230,000
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±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
$225 / 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
$36,905
Tax year 2023
Assessed value
$3,362,959
Assessed 2023
Previous assessed
$3,362,959
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$546,822
Assessed improvement
$2,816,137
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 buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Total area
15,093 SF
Lot
0.28 ac (12,197 SF)
APN
259-151-004-000
UPID
US09-2768002
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
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
West End Partners LLC
Entity
Mailing address
10 HARRIS CT STE B1, MONTEREY, CA 93940-5773
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Apr 13, 2018
—
West End Partners LLC
—
Grant Deed
related
$5,170,000 · Evertrust Bk
Oct 2, 2017
$3,075,000
West End Partners LLC
Ave Ret Condo LLC
Grant Deed
—
May 1, 2017
$3,000,000
Ave Ret Condo LLC
Lyles Diversified INC
Grant Deed
$2,100,000 · Wilshire Fin Ptrs
Sep 5, 2013
$5,125,000
Lyles Diversified INC
Orosco Family Trust
Grant Deed
related
—
Jul 7, 2009
—
Orosco Family Trust
—
Deed Of Trust
related
$7,924,386 · Private Lender
Jul 16, 1999
—
Orosco Trust
—
Deed Of Trust
related
$2,928,923 · Bank Of Salinas
Jul 13, 1998
—
Orosco Trust
Orosco Trust
Quit Claim Deed
related
$1,900,000 · Bank Of Salinas
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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