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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Office buildings
1035 Cass St Monterey, CA 93940-4517
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-1840512
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
5,251 SF
Lot
0.24 ac (10,500 SF)
APN
001-671-032-000
UPID
US09-1840512
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
-
Roux Susan P MD Physician Medical Clinic
-
Craig Pamela H MD Physician
-
North American Mental Health Services, Monterey Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.64M
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.73M
Owner & transaction history
Margaret Parker Conners · 3 yrs held
Margaret Parker Conners
since 2022
Last sale
$1.8M
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
$1,580,000
ML approach
$1,635,000
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,125,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,860,000
Current use
RESTAURANT
$2,845,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,810,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,635,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,585,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±10% · vs last sale $1.78M (Aug 16 2022)
Last sale anchor
$1.78M
Aug 16 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
$329 / 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
$19,857
Tax year 2023
Assessed value
$1,810,500
Assessed 2023
Previous assessed
$1,810,500
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$612,000
Assessed improvement
$1,198,500
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
Status
Off-Market
Year built
2000
Heating
NONE
Stories
2
Units
1
Rooms
3
Bathrooms
1
Total area
5,251 SF
Lot
0.24 ac (10,500 SF)
APN
001-671-032-000
UPID
US09-1840512
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
$2.9M
RESTAURANT
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
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
Year built
2000
Heating
NONE
Stories
2
Units
1
Rooms
3
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Margaret Parker Conners
Individual
Free & Clear · 3 yrs held
Mailing address
27 PO BOX 1521ST AVE, PEBBLE BEACH, CA 93953-1521
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
Aug 16, 2022
—
Margaret Parker Conners
Margaret Parker Conners
Intrafamily Transfer
related
—
Feb 17, 2022
$1,775,000
Russell P Shaw
Margaret Parker Conners
Grant Deed
—
Feb 17, 2022
—
Margaret Parker Conners
Margaret Parker Conners
Intrafamily Transfer
related
—
Oct 29, 2009
—
Parker Dorothy B Trust
Parker Dorothy B Trust
Quit Claim Deed
related
—
Jul 17, 2007
—
Parker Family Living Trust A
Parker,dorothy B
Affidavit Of Death
related
—
Aug 4, 2006
—
Parker Dorothy B Trust
Parker,dorothy B
Quit Claim Deed
related
—
Jul 27, 2006
—
Dorothy B Parker
Parker Family Living Trust A
Quit Claim Deed
related
—
Jan 5, 1998
—
Parker Trust
Parker Trust
Quit Claim Deed
related
—
Jul 2, 1992
$525,000
Parker Trust
Engholm Trust
Grant Deed
$325,000 · Seller
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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