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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Apartment buildings
15 11th St Greenfield, CA 93927-5511
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-3282472
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
WOOD
Total area
5,126 SF
Lot
0.38 ac (16,500 SF)
APN
024-114-016-000
UPID
US09-3282472
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
$1.11M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Ace Organics LLC · 4 yrs held
Ace Organics LLC
since 2022
Last sale
$1.3M
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 Greenfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenfield 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
$1,100,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
$1,375,000
6.5%
$1,270,000
7%
$1,180,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,945,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.25M (Feb 16 2022)
Last sale anchor
$1.25M
Feb 16 2022
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
$233 / 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
$16,754
Tax year 2023
Assessed value
$639,139
Assessed 2023
Previous assessed
$639,139
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$355,079
Assessed improvement
$284,060
Applied tax rate
8.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
1
Rooms
28
Bathrooms
6
Total area
5,126 SF
Lot
0.38 ac (16,500 SF)
APN
024-114-016-000
UPID
US09-3282472
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)
Est. value
$1.9M
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
1966
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
2
Rooms
28
Bathrooms
6
Lot
0.38 ac
Current owner
From public records · entity-resolved
Ace Organics LLC
Entity
Mailing address
13390 TIERRA SPUR, SALINAS, CA 93908
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
—
Ace Organics LLC
—
Deed
related
$253,000 · Pacific Valley Bank
Feb 16, 2022
$1,250,000
Ace Organics LLC
David R Holley
Grant Deed
$937,500 · Pacific Valley Bank
Dec 29, 2021
$550,000
David R Holley
Richard Vito Sagin
Grant Deed
—
Feb 21, 2020
—
Richard Vito Sagin
—
Deed
related
$525,000 · Pacific Valley Bank
May 6, 2016
—
Sagin Family Trust
Sagin,richard V
Quit Claim Deed
related
—
Apr 15, 2013
$540,000
Richard V Sagin
Rosina T Bianchi
Grant Deed
$400,000 · First Capital Bank
Apr 15, 2013
—
Richard V Sagin
Sagin,gena
Quit Claim Deed
related
—
Mar 18, 2013
—
Dalia G B Hernandez
Hernandez,andrew B
Quit Claim Deed
related
—
Jun 17, 2010
—
Bianchi Rosina T Family Trust
Rosina T Bianchi 1998 Fam Ptsh
Quit Claim Deed
—
Dec 20, 1996
—
Bianchi Trust
Salcido,thomas & Sharise
Grant Deed
related
—
Dec 5, 1994
—
Thomas R Salcido
Shires,kenneth W & Geraldine
Grant Deed
$220,000 · 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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