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Property profile & analytics
OFF-MARKET
Estimated value
$12,800,000
Apartment buildings
1000 Sinex Ave Pacific Grove, CA 93950
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-1551813
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1985
Construction
WOOD
Total area
90,526 SF
Lot
9.19 ac (400,534 SF)
APN
006-571-001-000
UPID
US09-1551813
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.80M
Owner & transaction history
Rutherford 17 Mile LP · 3 yrs held
Rutherford 17 Mile LP
since 2022
Last sale
$13.3M
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 Pacific Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific Grove 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
$11,705,000
ML approach
$8,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.80M
Range $11.52M – $14.08M · ±10% · vs last sale $13.33M (Oct 4 2022)
Last sale anchor
$13.33M
Oct 4 2022
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
$141 / 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
$264,688
Tax year 2023
Assessed value
$23,870,592
Assessed 2023
Previous assessed
$23,870,592
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$8,165,863
Assessed improvement
$15,704,729
Applied tax rate
4.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
CENTRAL
Buildings
3
Stories
2
Units
84
Rooms
6
Bathrooms
2
Total area
90,526 SF
Lot
9.19 ac (400,534 SF)
APN
006-571-001-000
UPID
US09-1551813
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
Year built
1985
Construction
WOOD
Heating
CENTRAL
Stories
2
Buildings
3
Units
84
Rooms
6
Bathrooms
2
Lot
9.19 ac
Current owner
From public records · entity-resolved
Rutherford 17 Mile LP
Entity
Mailing address
1777 BOTELHO DR STE #300, WALNUT CREEK, CA 94596-5065
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
$13,325,000
Rutherford 17 Mile LP
Sequoia Equities Pacific Grove
Grant Deed
$28,500,000 · First Republic Bank
Mar 31, 2022
—
Sequoia Equities Pacific Grove
—
Deed
related
$28,500,000 · First Republic Bank
Dec 3, 2009
—
Mil Pacific Grove 17
Davis Pacific
Quit Claim Deed
—
Jan 14, 2005
—
Davis Pacific LP
Reed B Mcclintock
Grant Deed
$12,000,000 · Wachovia Bank NA
Sep 15, 2003
—
17 Mile Drive Village
17 Mile Drive Village
Quit Claim Deed
related
$4,925,000 · Wells Fargo Bank
—
—
Sequoia Equities-pacific Grove
—
Deed Of Trust
related
$13,675,000 · Federal National Mortgage Assn
—
—
17 Mile Drive Villaeg
—
Deed Of Trust
related
—
—
—
Equities Pacific Grove Sequoia
—
Deed Of Trust
related
$18,300,000 · Walker & Dunlop
—
—
Sequoia Equities-pacific Grove
—
Deed Of Trust
related
$13,675,000 · Walker & Dunlop LLC
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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