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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Apartment buildings
1039 Laurel Dr Salinas, CA 93905-1353
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-3301056
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1977
Construction
WOOD
Total area
5,400 SF
Lot
0.54 ac (23,351 SF)
APN
004-221-074-000
UPID
US09-3301056
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
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$1.16M
Owner & transaction history
Thomas W Kuechenmeister · 2 yrs held
Thomas W Kuechenmeister
since 2024
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 Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas 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%
$1,450,000
6.5%
$1,335,000
7%
$1,240,000
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$215 / 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
$15,101
Tax year 2023
Assessed value
$1,103,306
Assessed 2023
Previous assessed
$1,103,306
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$148,366
Assessed improvement
$954,940
Applied tax rate
5.0000
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
1977
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
2
Units
10
Rooms
40
Bathrooms
10
Total area
5,400 SF
Lot
0.54 ac (23,351 SF)
APN
004-221-074-000
UPID
US09-3301056
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
1977
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Buildings
2
Units
10
Rooms
40
Bathrooms
10
Lot
0.54 ac
Current owner
From public records · entity-resolved
Thomas W Kuechenmeister
Individual
Free & Clear · 2 yrs held
Mailing address
1418 S MAIN ST STE #202, SALINAS, CA 93908-8834
Ownership since
2024
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
Mar 11, 2024
—
Thomas W Kuechenmeister
Thomas W Kuechenmeister
Intrafamily Transfer
related
—
Mar 4, 2024
—
Arduth J Seever
Arduth J Seever
Correction Deed
related
—
Dec 12, 2023
—
Joseph G Kaslin
Linda Kaslin
Intrafamily Transfer
related
—
Dec 2, 2022
—
Mjs Family Properties LLC
Miles A Harper
Grant Deed
—
Oct 23, 2013
—
Kuechenmeister Family Trust
Kuechenmeister Family Trust
Quit Claim Deed
related
—
Aug 10, 2009
—
Seever Family Living Trust
Seever Family Living Trust
Quit Claim Deed
related
—
May 12, 2009
—
Arduth J Seever
Seever,barton F
Affidavit Of Death
related
—
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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