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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Manufacturing properties
1110 Harkins Rd Salinas, CA 93901-4415
Entity Owned
10-yr Hold
Free & Clear
Property ID
US09-1950379
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Total area
14,280 SF
Lot
1.94 ac (84,506 SF)
APN
002-954-015-000
UPID
US09-1950379
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
$2.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Fybho LLC · 10 yrs held
Fybho LLC
since 2015
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%
$2,235,000
6.5%
$2,065,000
7%
$1,915,000
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±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
$111 / 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
$16,480
Tax year 2023
Assessed value
$1,384,450
Assessed 2023
Previous assessed
$1,384,450
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$736,410
Assessed improvement
$648,040
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
3
Total area
14,280 SF
Lot
1.94 ac (84,506 SF)
APN
002-954-015-000
UPID
US09-1950379
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
1970
Heating
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
3
Lot
1.94 ac
Current owner
From public records · entity-resolved
Fybho LLC
Entity
Free & Clear · 10 yrs held
Mailing address
53 CORRAL DE TIERRA RD, SALINAS, CA 93908-9474
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2015
—
Fybho LLC
Lipe 2014 Trust
Grant Deed
—
May 21, 2015
—
Lipe 2014 Trust
Lipe James W
Quit Claim Deed
related
—
Feb 10, 2015
—
Lipe,william O Trust
Lipe William O
Quit Claim Deed
related
—
Feb 11, 2014
—
James W Lipe
Lipe,shelley
Quit Claim Deed
related
—
Feb 11, 2014
$1,175,000
James W Lipe
Dayton Street LLC
Grant Deed
—
Apr 21, 2010
$1,025,000
Dayton Street LLC
Martinsen Family Trust
Grant Deed
$975,000 · Martinsen Family Trust
Apr 22, 1996
—
Martinsen Trust
Martinsen,thomas K & Jackie S
Quit Claim Deed
related
—
Aug 18, 1995
$184,000
Thomas K Martinsen
Harkins Road Associates
Grant Deed
$183,991 · Bank Of Salinas
—
—
Thomas K Martinsen
—
Deed Of Trust
related
$50,000 · Community Bank Central Ca
—
—
Thomas K Martinsen
—
Deed Of Trust
related
$435,000 · Bank Of Salinas
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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