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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Showrooms
14 Spreckels Blvd, Spreckels, CA 93962
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2856467
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,144 SF
Lot
7.04 ac (306,662 SF)
APN
207-053-014-000
UPID
US09-2856467
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
$710k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$874k
Blend (final)
Blend
$740k
Owner & transaction history
14 Spreckels Lane LLC · 3 yrs held
14 Spreckels Lane LLC
since 2023
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 Spreckels submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spreckels 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
$710,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$995,000
Current use
MEDICAL BUILDING
$975,000
Change: -2% · Conversion: Easy
OFFICE BUILDING
$920,000
Change: -7% · Conversion: Easy
RETAIL STORES
$915,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$235 / 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
$74,480
Tax year 2023
Assessed value
$6,629,745
Assessed 2023
Previous assessed
$6,629,745
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,580,044
Assessed improvement
$5,049,701
Applied tax rate
57.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Rooms
11
Bathrooms
2
Total area
3,144 SF
Lot
7.04 ac (306,662 SF)
APN
207-053-014-000
UPID
US09-2856467
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
COMMERCIAL (GENERAL) Current
Est. value
$995,000
MEDICAL BUILDING
Est. value
$975,000
OFFICE BUILDING
Est. value
$920,000
RETAIL STORES
Est. value
$915,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Rooms
11
Bathrooms
2
Lot
7.04 ac
Current owner
From public records · entity-resolved
14 Spreckels Lane LLC
Entity
Free & Clear · 3 yrs held
Mailing address
14 SPRECKELS LN STE #202, SALINAS, CA 93908-8800
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
—
14 Spreckels Lane LLC
Kenneth Eugene Slama
Grant Deed
—
Dec 22, 2021
—
Kenneth Eugene Slama
—
Deed
related
$2,200,000 · Pacific Valley Bank
Nov 19, 2019
—
Kenneth Eugene Slama
—
Deed
related
$6,866,000 · Pacific Valley Bank
Aug 1, 2019
—
Kenneth E Slama
—
Deed
related
$4,479,000 · Pacific Vly Bk
Feb 28, 2018
—
Slama,kenneth E Trust
—
Deed
related
$3,965,000 · Pacific Vly Bk
Aug 10, 2017
—
Slama,kenneth E Trust
—
Trustees Deed
related
$3,965,000 · Pacific Vly Bk
Jul 31, 2013
$1,700,000
Slama,kenneth E Trust
Smith Tommy J Trust
Grant Deed
$1,190,000 · Pacific Valley Bank
Jan 14, 1994
—
Smith Trust
Smith,tommy J
Quit Claim Deed
related
—
—
—
Smith Trust
—
Deed Of Trust
related
$177,500 · Us Small Business Admn
—
—
Kenneth E Slama
—
Deed Of Trust
related
$4,479,000 · Pacific Vly Bk
—
—
Tommy J Smith
—
Deed Of Trust
related
$800,000 · Consolidated Lenders
—
—
Slama,kenneth E Trust
—
Loan Modification
related
$3,965,000 · Pacific Vly Bk
—
—
Smith Tommy J
—
Deed Of Trust
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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