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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Apartment buildings
1500 Ter St, Seaside, CA 93955-4945
Trust Owned
~
Est. High Equity
Property ID
US09-2522577
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1980
Total area
4,446 SF
Lot
0.73 ac (32,000 SF)
APN
012-195-067-000
UPID
US09-2522577
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
-
Sal’s Landscaping Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$1.00M
Owner & transaction history
The Pag Trust
The Pag Trust
since 2025
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$225 / 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
$19,425
Tax year 2023
Assessed value
$1,701,312
Assessed 2023
Previous assessed
$1,701,312
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$387,508
Assessed improvement
$1,313,804
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1980
Heating
NONE
Buildings
5
Stories
1
Units
6
Total area
4,446 SF
Lot
0.73 ac (32,000 SF)
APN
012-195-067-000
UPID
US09-2522577
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
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Buildings
5
Units
6
Lot
0.73 ac
Current owner
From public records · entity-resolved
The Pag Trust
Trust
Mailing address
PO BOX 957, SEASIDE, CA 93955-0957
Ownership since
2025
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
Aug 26, 2025
—
The Pag Trust
Pag Trust
Grant Deed
$300,000 · West Coast Community Bank
Jan 30, 2018
—
Alfred Pinkney Glover
Alfred Pinkney Glover
Intrafamily Transfer
related
$300,000 · 1st Capital Bank
Apr 4, 2017
—
Alfred Pinkney Glover
—
Deed
related
$1,500,000 · Jpmorgan Chase Bank NA
May 15, 2014
—
Pag Trust
Glover A P & P R Trust
Quit Claim Deed
related
—
Sep 28, 2012
—
Alfred P Glover
Alfred P Glover
Intrafamily Transfer
related
$1,387,000 · Jpmorgan Chase Bank NA
Mar 12, 1998
—
Glover Trust
Glover,alfred P & Parniest
Quit Claim Deed
related
—
Mar 12, 1998
$101,000
Glover Trust
Tankersley,ronald L
Trustees Deed
—
Jan 29, 1997
$100,000
Alfred P Glover
Tankersley,ronald L
Grant Deed
related
$50,000 · Individual
—
—
Glover,tr
—
Deed Of Trust
related
$1,200,000 · Washington Mutual Fsb
—
—
Glover Trust
—
Deed Of Trust
related
$975,000 · Community Bank Central Ca
—
—
Glover Trust
—
Deed Of Trust
related
$975,000 · Home Savings Of America
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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