Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1248 Olympia Ave Seaside, CA 93955-4976

    • Apartment buildings
    • 993 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    5.1%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-3068364
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1248 Olympia Ave

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    993 SF
    Property type
    Apartment buildings
    APN
    012-192-025-000
    APU
    12192025000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $265,000
      6.5%
      $245,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $236,000
      Market price range: $72.0k - $237k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $395,000
      Current use
      COMMERCIAL (GENERAL)
      $440,000
      Change: +12% Conversion: Moderate
      OFFICE BUILDING
      $410,000
      Change: +5% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $395,000
      Change: +1% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seaside
    County
    Monterey
    State
    California
    Longitude
    -121.839
    Latitude
    36.6098
    CBSA code
    41500
    CBSA name
    SALINAS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,398
    $358,455
    $392,290
    $750,745
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $315,000
      0.19 Acres

      535 Palm Ave

      APARTMENT HOUSE (5+ UNITS) • 0.19 Acres
      535 Palm Ave, Seaside, CA 93955-4249
      View Details
    • Value Estimation
      $345,000
      1,314 SF

      1630 Judson St

      APARTMENT HOUSE (5+ UNITS) • 1,314 SF
      1630 Judson St, Seaside, CA 93955-3804
      View Details
    • Value Estimation
      $600,000
      2,595 SF

      1774 Luzern St

      APARTMENT HOUSE (5+ UNITS) • 2,595 SF
      1774 Luzern St, Seaside, CA 93955
      View Details
    • Value Estimation
      $405,000
      5,576 SF

      1270 Cir Ave

      APARTMENT HOUSE (5+ UNITS) • 5,576 SF
      1270 Cir Ave, Seaside, CA 93955-3138
      View Details
    • Value Estimation
      $315,000
      1,489 SF

      1137 Echo Ave

      APARTMENT HOUSE (5+ UNITS) • 1,489 SF
      1137 Echo Ave, Seaside, CA 93955-3752
      View Details
    • Value Estimation
      $505,000
      1,632 SF

      930 Harcourt Ave

      APARTMENT HOUSE (5+ UNITS) • 1,632 SF
      930 Harcourt Ave, Seaside, CA 93955-5304
      View Details

    Similar Nearby for Sale

    • $2,850,000
      8,577 SF

      Seaside Mixed-Use Investment Opportunity

      Mixed-use building with commercial and residential units in Seaside, CA.
      1725 Fremont Blvd, Seaside, CA 93955
      View Details
    • New
      $1,900,000
      5,180 SF

      Mediterranean Triplex in Seaside, CA

      Built in 2009, ideal for income or owner-occupied property.
      1125 Olympia Ave, Seaside, CA 93955
      View Details
    • $2,999,999

      Seaside Commercial Redevelopment Opportunity

      4.9-Acre Former Military Barracks, 42 Units
      4386 Parker Flt, Seaside, CA 93955
      View Details
    • $3,500,000
      9,811 SF

      Seaside Automotive Retail Opportunity

      Six parcels with redevelopment potential in Seaside's Urban Village.
      1523-1533 Del Monte Blvd, Seaside, CA 93955
      View Details
    • New
      $1,725,000
      4,625 SF

      Retail/Automotive Property For Sale

      Retail or automotive property featuring 4,625 square feet of space.
      1310 Broadway Ave, Seaside, CA 93955
      View Details
    • $3,750,000
      15,695 SF

      Seaside Retail Space For Sale

      15,695 SF retail space in high-traffic location.
      1020 Auto Center Pkwy, Seaside, CA 93955
      View Details

    Similar Nearby for Lease

    • $1.42 SF/Yr
      2,812 SF

      Retail Space with High Visibility

      Retail space for rent with high traffic and parking.
      555 Broadway Ave, Seaside, CA 93955
      View Details
    • Contact for pricing
      7,512 SF

      Retail Space in Seaside Corridor

      Highly visible retail location serving the Seaside market.
      1130 Fremont Blvd, Seaside, CA 93955
      View Details
    • $4 SF/Yr
      1,202 SF

      Former Coffee Shop in Seaside

      1,202 SF retail space in Monterey County power center.
      2160 California Ave, Seaside, CA 93955
      View Details
    • $18 SF/Yr
      1,060 SF

      Lang Building: Sand City Flex Space

      ±1,060 SF Flex Space, Sand City, CA
      495 Elder Ave, Sand City, CA 93955
      View Details
    • $1.60 SF/Yr
      1,627 SF

      Seaside Retail Space on Fremont

      Versatile commercial space with high visibility on Fremont Boulevard.
      1286 Fremont Blvd, Seaside, CA 93955
      View Details
    • $1.50 SF/Yr
      435 SF

      Seaside Office Space For Rent

      Office space available for rent in Seaside, California.
      495 Elder Ave, Seaside, CA 93955
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1248 Olympia Ave
    Seaside, CA 93955-4976
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.