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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Retail space
1159 Sanborn Rd Salinas, CA 93905-1409
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-2050575
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
TILT-UP CONCRETE
Total area
4,038 SF
Lot
0.14 ac (6,119 SF)
APN
004-383-069-000
UPID
US10-2050575
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
-
Western Union Bank Credit Union
-
El Rey Market Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$885k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Cit Bk NA · 5 yrs held
Cit Bk NA
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+0.6%
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%
$960,000
6.5%
$885,000
7%
$825,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,175,000
Current use
OFFICE BUILDING
$1,185,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$182 / 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
$11,374
Tax year 2023
Assessed value
$842,215
Assessed 2023
Previous assessed
$842,215
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$284,456
Assessed improvement
$557,759
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
1
Total area
4,038 SF
Lot
0.14 ac (6,119 SF)
APN
004-383-069-000
UPID
US10-2050575
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
RETAIL STORES Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES Current
OFFICE BUILDING
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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Cit Bk NA
Individual
Mailing address
1159 N SANBORN RD, SALINAS, CA 93905-1409
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Oct 13, 2020
$827,000
Cit Bk NA
El Rey Meat Market LLC
Grant Deed
—
Jun 27, 2017
$1,000,000
El Rey Meat Market LLC
Jose Chavez
Grant Deed
$850,000 · Umpqua Bank
Dec 31, 2012
—
Jose Chavez
Chavez,jose N & Guadalupe
Quit Claim Deed
related
$513,500 · Zions First National Bank
Jan 20, 2005
—
Jose N Chavez
Sanborn Plaza Market
Grant Deed
—
Jan 20, 2005
$372,000
Jose N Chavez
Chavez,juvencio
Grant Deed
related
$958,000 · Greater Bay Bank
Jan 8, 2001
$330,000
Plaza Market Sanborn
Harper,robert E & Abigail
Grant Deed
$165,000 · Heritage Bank Of Commerce
Feb 28, 1994
—
Robert E Harper
Harper,robert E
Quit Claim Deed
related
$30,000 · Beneficial California INC
—
—
Robert E Harper
—
Deed Of Trust
related
$60,000 · Beneficial California INC
—
—
Plaza Market Sanborn
—
Deed Of Trust
related
$739,000 · Heritage Bank Of Commerce
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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