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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Office buildings
1164 Monroe St, Salinas, CA 93906-3564
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-1775571
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
8,460 SF
Lot
0.59 ac (25,700 SF)
APN
261-591-007-000
UPID
US09-1775571
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
-
Booth Portable Restroom Company Building Supply
-
Accident Recovery Legal Center Law Firm
-
Yolanda's Tax & Financial Services, LLC Tax Preparation
-
Yolanda's Tax Services Tax Preparation
-
The Pink Vendur (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
Sergi Family Trust · 7 yrs held
Sergi Family Trust
since 2019
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$145 / 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
$15,184
Tax year 2023
Assessed value
$1,303,855
Assessed 2023
Previous assessed
$1,303,855
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$579,490
Assessed improvement
$724,365
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Units
10
Rooms
20
Bathrooms
10
Total area
8,460 SF
Lot
0.59 ac (25,700 SF)
APN
261-591-007-000
UPID
US09-1775571
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
1980
Construction
WOOD
Heating
NONE
Stories
1
Units
10
Rooms
20
Bathrooms
10
Lot
0.59 ac
Current owner
From public records · entity-resolved
Sergi Family Trust
Trust
Mailing address
1820 BARRETT AVE, MORGAN HILL, CA 95037-9507
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2019
—
Sergi Family Trust
Sergi,james P II
Quit Claim Deed
related
$1,200,000 · Greenberg Fam Credit S (pt)
Nov 15, 2011
—
Monterey County Laurel Park
Shyr Trust
Grant Deed
—
Nov 15, 2011
$2,080,000
James P Sergi
Monterey County Laurel Park Profess
Grant Deed
$1,280,000 · Monterey County Laurel Park Profess
Apr 8, 2011
—
Shyr Trust
Shyr,jin-shen & Teresa
Quit Claim Deed
related
—
—
—
Sergi Family Trust
—
Deed Of Trust
related
$1,200,000 · Rabobank
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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