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Property profile & analytics
OFF-MARKET
Estimated value
$113,100,000
Community centers
100 Del Monte Ctr Monterey, CA 93940-6154
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-2283948
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Total area
212,500 SF
Lot
1.72 ac (74,923 SF)
APN
001-761-039-000
UPID
US09-2283948
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
-
MAC Cosmetics - Macy's Cosmetic Store
-
Macy's Backstage Discount Store Clothing & Fashion Store
-
Finish Line (located inside Macy's) Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Macy's (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Sunglass Hut at Macy's (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$87.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$113.10M
Owner & transaction history
Fr Del Monte LLC · 1 yrs held
Fr Del Monte LLC
since 2025
Last sale
$123.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$76.0M
+737.6%
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
$117,950,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$94,660,000
6.5%
$87,380,000
7%
$81,140,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$76,020,000
Change: +738% · Conversion: Difficult
Blend value · Realmo final
$113.10M
Range $101.79M – $124.41M · ±10% · vs last sale $123.54M (Feb 26 2025)
Last sale anchor
$123.54M
Feb 26 2025
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
$532 / 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
$162,990
Tax year 2023
Assessed value
$14,887,475
Assessed 2023
Previous assessed
$14,887,475
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,811,956
Assessed improvement
$12,075,519
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Heating
NONE
Stories
3
Units
1
Total area
212,500 SF
Lot
1.72 ac (74,923 SF)
APN
001-761-039-000
UPID
US09-2283948
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
INDUSTRIAL (GENERAL)
Est. value
$76.0M
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
Stories
3
Units
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Fr Del Monte LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3420 CARMEL MTN RD STE #100, SAN DIEGO, CA 92121-1069
Ownership since
2025
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
Feb 26, 2025
$123,535,000
Fr Del Monte LLC
Aat Del Monte LLC
Grant Deed
—
Jun 17, 2015
—
Aat Del Monte LLC
Del Monte-poh LLC
Quit Claim Deed
—
Jun 30, 2005
—
Del Monte-poh LLC
Pacific Oceanside Holdings
Grant Deed
$82,300,000 · Column Financial INC
Apr 9, 2004
—
Pacific Oceanside Holdings LLC
Del Monte Regional Mall LLC
Grant Deed
related
—
Apr 7, 2004
—
Divco Monterey Dtx LLC
Divco Monterey Investors LLC
Quit Claim Deed
related
—
Jan 10, 1997
—
Del Monte Regional Mall LLC
Saint George Monterey INC
Grant Deed
$42,000,000 · Sunamerica Life Insurance Co
—
—
Monter St. George
—
Deed Of Trust
related
$30,000,000 · Prudential Insurance Of Americ
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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