New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Manufacturing properties
11445 Commercial Pkwy, Castroville, CA 95012-3201
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US09-0674093
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Total area
16,656 SF
Lot
1.1 ac (47,916 SF)
APN
133-492-016-000
UPID
US09-0674093
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
-
UA Local 62 Plumbers & Steamfitters Advocacy Group
-
Plumbers & Steamfitters Local 62 Plumbing Service General Contractor
-
The Building and Construction Trades Council for Monterey and Santa Cruz County. Advocacy Group
-
UA Advocacy Group
-
Mcbids Plan Room Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.05M
Owner & transaction history
U A Local #62 Building Corp · 24 yrs held
U A Local #62 Building Corp
since 2002
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$123 / 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
$19,153
Tax year 2023
Assessed value
$1,668,418
Assessed 2023
Previous assessed
$1,668,418
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$681,561
Assessed improvement
$986,857
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
1990
Heating
NONE
Stories
1
Units
1
Total area
16,656 SF
Lot
1.1 ac (47,916 SF)
APN
133-492-016-000
UPID
US09-0674093
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
1990
Heating
NONE
Stories
1
Units
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
U A Local #62 Building Corp
Entity
Mailing address
11445 COMMERCIAL PKWY, CASTROVILLE, CA 95012-3201
Ownership since
2002
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
Mar 15, 2002
$1,175,000
U A Local #62 Building Corp
Borrelli,vincent R & Susan
Grant Deed
$800,000 · United Association Local #467
Mar 17, 2000
—
Vincent R Borelli
La Canada Holding Co LLC
Grant Deed
related
—
Aug 2, 1999
$850,000
La Canada Holding Co INC
Gimelli,ken & Jill
Grant Deed
—
Apr 24, 1997
$1,000,000
Ken Gimelli
Hanagan,michael W
Grant Deed
—
Dec 31, 1990
—
Michael Hanangan
—
Grant Deed
related
$400,000 · Bank Of Salinas
—
—
Michael Hanagan
—
Deed Of Trust
related
—
—
—
Michael Hanagan
—
Deed Of Trust
related
$400,000 · First Capital
—
—
U A Local No 62 Building Corp
—
Deed Of Trust
related
$580,000 · Bank Of America
—
—
Michael Hanagan
—
Deed Of Trust
related
$340,000 · Wells Fargo Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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