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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Medical Office Space
13738 Ctr St, Carmel Valley, CA 93924-8903
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2529235
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Construction
WOOD
Total area
3,147 SF
Lot
0.1 ac (4,389 SF)
APN
189-221-019-000
UPID
US09-2529235
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.66M
Owner & transaction history
Mlhf Properties LLC · 3 yrs held
Mlhf Properties LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+33.6%
Auto repair, garage
$1.3M
+28.8%
Commercial (general)
$1.2M
+22.7%
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 Carmel Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmel Valley 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
$1,670,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,300,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,255,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Jun 21 2023)
Last sale anchor
$1.65M
Jun 21 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
$526 / 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
$13,358
Tax year 2023
Assessed value
$1,194,602
Assessed 2023
Previous assessed
$1,194,602
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$506,908
Assessed improvement
$687,694
Applied tax rate
60.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
15
Bathrooms
2
Total area
3,147 SF
Lot
0.1 ac (4,389 SF)
APN
189-221-019-000
UPID
US09-2529235
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
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1972
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
15
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Mlhf Properties LLC
Entity
Mailing address
13738 CTR ST, CARMEL VALLEY, CA 93924-8903
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
$1,650,000
Mlhf Properties LLC
Jeffrey T Hogans
Grant Deed
$1,000,000 · James Eaton Holt And Leslie Holt Tr
Apr 24, 2017
—
Jeffrey T Hogans
—
Deed
related
$780,000 · Wells Fargo Bank NA
Apr 19, 2017
—
Hogans,jeffrey T Family Trust
Hogans Living Trust
Quit Claim Deed
related
—
Jan 2, 2001
$525,000
Holt Trust
Petkuss,gerald R
Trustees Deed
$341,250 · Seller
Jan 2, 2001
—
Holt Trust
Hogans,jeff
Quit Claim Deed
related
—
—
—
Holt James E & Leslie S Trust
—
Deed Of Trust
related
$200,000 · Live Oak Banking Co
—
—
Holt James E & Leslie S Trust
—
Deed Of Trust
related
$700,000 · Live Oak Banking Co
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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