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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Manufacturing properties
11280 Commercial Pkwy, Castroville, CA 95012-3206
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-1526216
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Total area
7,800 SF
Lot
1.8 ac (78,408 SF)
APN
133-491-015-000
UPID
US09-1526216
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
-
Kleen Globe Inc Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.23M
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.25M
Owner & transaction history
11280 Commercial Parkway LLC · 3 yrs held
11280 Commercial Parkway LLC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+0.7%
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 Castroville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castroville 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
$2,280,000
ML approach
$2,230,000
CAP Approach
CAP Return
Estimation
6%
$1,565,000
6.5%
$1,445,000
7%
$1,345,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,205,000
Current use
OFFICE BUILDING
$3,225,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,110,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,085,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,965,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Mar 31 2023)
Last sale anchor
$2.25M
Mar 31 2023
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
$288 / 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
$13,385
Tax year 2023
Assessed value
$1,114,984
Assessed 2023
Previous assessed
$1,114,984
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$420,288
Assessed improvement
$694,696
Applied tax rate
99.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1993
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
7,800 SF
Lot
1.8 ac (78,408 SF)
APN
133-491-015-000
UPID
US09-1526216
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1993
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
11280 Commercial Parkway LLC
Entity
Free & Clear · 3 yrs held
Mailing address
11280 COMMERCIAL PKWY, CASTROVILLE, CA 95012-3206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2023
—
11280 Commercial Parkway LLC
—
Deed
related
$1,687,500 · Pacific Valley Bank
Mar 31, 2023
$2,250,000
11280 Commercial Parkway LLC
Julia A Bernardi
Grant Deed
—
Mar 31, 2023
—
Charles Edward Boutonnet
Angela B Micheli
Correction Deed
related
—
Dec 27, 2017
—
Bernardi Family Trust
Bernardi Family Trust
Quit Claim Deed
related
—
May 1, 2015
$110,500
Charles E Trust|boutonnet Pa Boutonnet
Hackney A Living Trust
Grant Deed
—
Apr 30, 2015
$110,500
Gonzalez-huss Trust
Bracco D N Living Trust
Grant Deed
—
Apr 17, 2015
—
Joseph N Micheli JR.
Micheli Joseph N SR
Affidavit Of Death
related
—
Oct 29, 2007
—
Bernardi Family Trust
Bernardi,silvio & Julie
Quit Claim Deed
related
—
Sep 6, 2005
—
Bracco Donald N Trust
Bracco,donald
Quit Claim Deed
related
—
May 31, 2001
—
Hackney Trust
Hackney,cordella
Quit Claim Deed
related
—
May 11, 2001
—
Boutonnet Trust
Boutonnet,patricia A
Quit Claim Deed
related
—
May 8, 2001
$39,000
Boutonnet Trust
Shannon,thomas & Nadine
Grant Deed
related
—
Jul 30, 1993
—
Thomas Shannon
Kleen Globe INC
Grant Deed
$468,000 · Bank Of Salinas
Dec 23, 1992
—
Kleen Globe INC
—
Grant Deed
related
$168,000 · 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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