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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Showrooms
1249 Fremont Blvd Seaside, CA 93955-5754
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-0949886
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1948
Construction
TILT-UP CONCRETE
Total area
5,318 SF
Lot
0.28 ac (12,325 SF)
APN
011-356-032-000
UPID
US09-0949886
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
-
Monterey Family Dental Care Dental Office
-
Dr. Mary T. Panlilio, DMD Dental Office
-
Total Wellness Nutrition Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.39M
Owner & transaction history
Michael Panlilio · 4 yrs held
Michael Panlilio
since 2021
Last sale
$1.4M
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 Seaside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside 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
$1,400,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,200,000
Change: -7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,185,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,120,000
Change: -10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,105,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.35M (Dec 20 2021)
Last sale anchor
$1.35M
Dec 20 2021
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
$261 / 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
$25,272
Tax year 2023
Assessed value
$2,317,965
Assessed 2023
Previous assessed
$2,317,965
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,030,206
Assessed improvement
$1,287,759
Applied tax rate
10.0000
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
Off-Market
Year built
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
3
Total area
5,318 SF
Lot
0.28 ac (12,325 SF)
APN
011-356-032-000
UPID
US09-0949886
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
OFFICE BUILDING
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Michael Panlilio
Individual
Free & Clear · 4 yrs held
Mailing address
188 PNE CYN RD, SALINAS, CA 93908-8744
Ownership since
2021
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
Dec 20, 2021
—
Michael Panlilio
Michael Panlilio
Intrafamily Transfer
related
—
Aug 22, 2006
$1,350,000
Michael Panlilio
Regules,miguel V & Martha E
Grant Deed
$1,149,435 · Miguel V & Martha E Regules
Sep 6, 2001
—
Miguel V Regules
Regules,miguel V
Quit Claim Deed
related
—
Mar 24, 1999
—
Miguel V Regueles
Reguels,martha E
Quit Claim Deed
related
—
Mar 24, 1999
$640,000
Regules,miguel V
Nichols,robert A
Trustees Deed
$512,000 · Seller
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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