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Property profile & analytics
FOR SALE
Showrooms
1157 Forest Ave Pacific Grove, CA 93950
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-2908611
For Sale
1 / 22
$2,900,000
1157 Forest Ave, Pacific Grove, CA 93950
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1982
Total area
3,259 SF
Lot
0.52 ac (22,440 SF)
APN
006-713-023-000
UPID
US10-2908611
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
$525k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$655k
Owner & transaction history
Davi Real Estate LLC · 3 yrs held
Davi Real Estate LLC
since 2022
Last sale
$650,000
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 Pacific Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific Grove 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
$570,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $650k (Sep 14 2022)
Last sale anchor
$650k
Sep 14 2022
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
$201 / 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
$12,292
Tax year 2023
Assessed value
$1,088,462
Assessed 2023
Previous assessed
$1,088,462
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$650,718
Assessed improvement
$437,744
Applied tax rate
4.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1982
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
3
Total area
3,259 SF
Lot
0.52 ac (22,440 SF)
APN
006-713-023-000
UPID
US10-2908611
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
1982
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Davi Real Estate LLC
Entity
Mailing address
PO BOX 93942, MONTEREY, CA 93942
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
—
Anthony Davi JR
—
Deed
related
—
Sep 14, 2022
—
Davi Real Estate LLC
Anthony G Davi JR
Intrafamily Transfer
related
—
Feb 18, 2022
—
Davi Real Estate LLC
—
Deed
related
$450,000 · David M Lehrian And Kelly E Lebrian Revo
Jan 27, 2022
—
Davi Real Estate LLC
—
Deed
related
$225,000 · Ryan Varela INC
Jan 7, 2022
—
Anthony G Davi JR
—
Deed
related
$1,350,000 · Heritage Bank Of Commerce
Dec 17, 2021
$50,000
Anthony G Davi JR
Kathleen Davi
Quit Claim Deed
related
—
Dec 1, 2021
—
Anthony G Davi JR
Five Star D LLC
Intrafamily Transfer
related
—
Sep 23, 2021
—
Davi Real Estate LLC
Anthony C Davi JR
Intrafamily Transfer
related
—
May 23, 2019
—
Anthony G Davi JR.
—
Deed
related
$370,000 · Douglas S Winston
Jan 19, 2017
—
Anthony G Davi JR
—
Deed
related
$250,000 · Firmus Fin'l LLC
Sep 10, 2015
—
Anthony G Davi JR
Davi,cameron L
Quit Claim Deed
related
—
May 21, 2015
—
Anthony G Davi JR.
Davi Cameron L
Quit Claim Deed
related
—
Jul 22, 1998
$650,000
Five Star LLC
Kearns,billy W & Linda S
Grant Deed
$487,500 · First National Bank Central Ca
—
—
Five Star LLC
—
Deed Of Trust
related
$925,000 · Rabobank
—
—
Five Star LLC
—
Deed Of Trust
related
$728,000 · Monterey Bay Bank
—
—
Anthony G Davi JR
—
Deed Of Trust
related
$250,000 · Firmus Fin'l LLC
—
—
Anthony G Davi JR.
—
Deed Of Trust
related
$370,000 · Douglas S Winston
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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