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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Medical Office Space
1107 Los Palos Dr, Salinas, CA 93901-3888
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-0620368
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Construction
WOOD
Total area
2,883 SF
Lot
0.37 ac (15,985 SF)
APN
016-153-015-000
UPID
US09-0620368
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
-
Pacific Endodontics: Root Canal and Implant Center Dental Office
-
Pacific Endodontics Salinas: Root Canal and Surgery - Dr, Eric Carl Appelin DMD Dental Office
-
Dr. David Stein Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$441k
Blend (final)
Blend
$685k
Owner & transaction history
Alw Strategies INC · 8 yrs held
Alw Strategies INC
since 2018
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%
$810,000
6.5%
$745,000
7%
$695,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$895,000
Current use
OFFICE BUILDING
$855,000
Change: -4% · Conversion: Easy
RETAIL STORES
$840,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$840,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$238 / 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
$16,449
Tax year 2023
Assessed value
$1,421,737
Assessed 2023
Previous assessed
$1,421,737
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$612,440
Assessed improvement
$809,297
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Rooms
9
Bathrooms
3
Total area
2,883 SF
Lot
0.37 ac (15,985 SF)
APN
016-153-015-000
UPID
US09-0620368
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
MEDICAL BUILDING Current
Est. value
$895,000
OFFICE BUILDING
Est. value
$855,000
RETAIL STORES
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$840,000
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (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
1968
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Rooms
9
Bathrooms
3
Lot
0.37 ac
Current owner
From public records · entity-resolved
Alw Strategies INC
Entity
Mailing address
1107 LOS PALOS DR, SALINAS, CA 93901-3888
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2018
$1,300,000
Alw Strategies INC
Los Palos Real Estate LLC
Grant Deed
$1,040,000 · Jpmorgan Chase Bank NA
Dec 31, 2014
$1,065,000
Los Palos Real Estate LLC
Alara Real Estate Corp
Grant Deed
$798,750 · Bank Of San Francisco
Oct 25, 2001
—
Alara Real Estate Corp
Apaydin,aytac
Grant Deed
related
—
Oct 18, 2001
—
Aytac Apaydin
Apaydin,j L
Quit Claim Deed
related
—
Oct 18, 2001
$900,000
Aytac Apaydin
Trapin Trust
Grant Deed
$500,000 · First National Bank Central Ca
Jun 10, 1996
—
Trapin Trust
Trapin,ronald H & Patricia A
Quit Claim Deed
related
—
Feb 12, 1996
—
Ronald H Trapin
Trapin,ronald H & Patricia A
Quit Claim Deed
related
$370,000 · John E Copeland Trustee
—
—
Traplin Trust
—
Deed Of Trust
related
$375,000 · First National Bank Central Ca
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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