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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Retail space
1370 Main St Salinas, CA 93901-2109
Trust Owned
19-yr Hold
~
Est. High Equity
Property ID
US10-3150863
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Total area
14,688 SF
Lot
1.15 ac (50,093 SF)
APN
207-101-042-000
UPID
US10-3150863
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
-
San Andreas Regional Center Charitable Organization Social Service Agency
-
Monterey County Behavior Healh County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Farahmand B & A Family Trust · 19 yrs held
Farahmand B & A Family Trust
since 2006
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.3M
+1.6%
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%
$3,495,000
6.5%
$3,225,000
7%
$2,995,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,280,000
Current use
OFFICE BUILDING
$4,345,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,275,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±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
$181 / 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
$37,852
Tax year 2023
Assessed value
$3,292,886
Assessed 2023
Previous assessed
$3,292,886
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,473,772
Assessed improvement
$1,819,114
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
1978
Heating
NONE
Stories
1
Units
1
Rooms
7
Bathrooms
2
Total area
14,688 SF
Lot
1.15 ac (50,093 SF)
APN
207-101-042-000
UPID
US10-3150863
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
$4.3M
OFFICE BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1978
Heating
NONE
Stories
1
Units
1
Rooms
7
Bathrooms
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
Farahmand B & A Family Trust
Trust
Mailing address
17692 RIV RUN RD, SALINAS, CA 93908-1419
Ownership since
2006
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
Jan 31, 2018
—
Farahmand,b & A Family Trust
—
Deed
related
$1,500,000 · Pinnacle Bk
Nov 13, 2006
—
Farahmand B & A Family Trust
Farahmand,bahram & Ann
Quit Claim Deed
related
—
May 17, 2005
$2,458,000
Bahram Farahmand
Jmk Partnership
Grant Deed
$1,850,000 · Community Bank Of Central Californi
—
—
Farahmand,b & A Family Trust
—
Loan Modification
related
$1,500,000 · Pinnacle Bk
—
—
Jmk Partnerhip
—
Deed Of Trust
related
$1,100,000 · Wells Fargo Bank
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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