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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Gas stations
1240 Main St Salinas, CA 93906-2827
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2921663
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1978
Total area
655 SF
Lot
0.17 ac (7,500 SF)
APN
003-261-007-000
UPID
US09-2921663
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
-
Arrow Gas Gas Company
-
Exxon Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$815k
Owner & transaction history
1240 Gas Store INC · 2 yrs held
1240 Gas Store INC
since 2023
Last sale
$950,000
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 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
$815,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $950k (Dec 19 2023)
Last sale anchor
$950k
Dec 19 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
$1,244 / 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
$16,130
Tax year 2023
Assessed value
$1,393,860
Assessed 2023
Previous assessed
$1,393,860
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,286,641
Assessed improvement
$107,219
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Rooms
1
Total area
655 SF
Lot
0.17 ac (7,500 SF)
APN
003-261-007-000
UPID
US09-2921663
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
1978
Heating
NONE
Stories
1
Rooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1240 Gas Store INC
Entity
Mailing address
1240 N MAIN ST, SALINAS, CA 93906-2827
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
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
—
1240 Gas Store INC
—
Deed
related
$250,000 · Pacific Valley Bank
Dec 19, 2023
$950,000
1240 Gas Store INC
Ali Masri Chaarini
Grant Deed
$950,000 · Pacific Valley Bank
May 31, 2022
—
Ali Masri Chaarani
—
Deed
related
$300,000 · Wassim Elchaarani
Sep 17, 2020
—
All Masri Chaarani
—
Deed
related
$100,000 · Pacific Valley Bank
Nov 7, 2019
—
Chaarani,ali M Living Trust
Ali M Chaarani
Quit Claim Deed
related
—
Sep 25, 2019
—
Chaarani,ali M Living Trust
Chaarani,ali M
Quit Claim Deed
related
—
Jun 25, 2019
$1,300,000
Ali Masri Chaarani
Wassim Elchaarani
Grant Deed
$700,000 · Pacific Valley Bank
Nov 13, 2018
—
Wassim Elchaarani
—
Deed
related
$300,000 · Pacific Valley Bank
Mar 23, 2018
$100,000
Wassim Elchaarni
Bilal R Elchaarani
Grant Deed
—
Mar 23, 2018
—
Wassim Elchaarani
Lorena J Elchaarani
Affidavit Of Death
related
$846,600 · Umpqua Bank
Jul 2, 2015
—
Elchaarani,bilal Living Trust
Elchaarani Zeina K
Quit Claim Deed
related
—
Apr 21, 2014
—
Elchaarani,bilal Living Trust
Elchaarani,bilal
Quit Claim Deed
related
—
Sep 26, 2013
—
Bilal Elchaarani
Tj LLC
Quit Claim Deed
related
—
Feb 4, 2013
—
Tj LLC
Elchaarani,bilal
Quit Claim Deed
related
—
Oct 30, 2012
$600,000
Bilal Elchaarani
Elchaarani,ali R M
Quit Claim Deed
related
—
May 2, 2012
$500,000
Ali R M Elchaarani
Manji,rahim S
Grant Deed
—
Apr 29, 2011
$400,000
Rahim S Manji
Pike D A Living Trust
Grant Deed
—
Jul 9, 2008
—
Perez Melinda S Living Trust
Perez,melinda S
Quit Claim Deed
related
—
Jun 2, 2004
—
Perez,tr
Perez,john M
Quit Claim Deed
related
—
Nov 24, 2003
—
Perez,tr
Perez,robert D
Quit Claim Deed
related
—
Sep 5, 2003
—
Deborah A Pike
Perez,tr
Grant Deed
related
—
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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