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Property profile & analytics
OFF-MARKET
Warehouses
151 Airport Rd, King City, CA 93930-2505
Entity Owned
~
Est. High Equity
Property ID
US09-3623321
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
15,971 SF
Lot
1.14 ac (49,658 SF)
APN
026-351-022-000
UPID
US09-3623321
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
-
Boutique Unlimited Distribution LLC Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Paso Management Company LLC
Paso Management Company LLC
since 2025
Last sale
$500,000
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 King City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs King City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,347
Tax year 2023
Assessed value
$1,109,379
Assessed 2023
Previous assessed
$1,109,379
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$284,456
Assessed improvement
$824,923
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Heating
NONE
Buildings
2
Stories
1
Rooms
1
Bathrooms
1
Total area
15,971 SF
Lot
1.14 ac (49,658 SF)
APN
026-351-022-000
UPID
US09-3623321
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
1974
Heating
NONE
Stories
1
Buildings
2
Rooms
1
Bathrooms
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Paso Management Company LLC
Entity
Mailing address
198 COW MDW PL, PASO ROBLES, CA 93446-3947
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2025
$500,000
Paso Management Company LLC
Rich Properties Management LLC
Grant Deed
—
Aug 1, 2025
—
Rich Properties Management LLC
—
Deed
related
$750,000 · Paso Management Company LLC
Feb 9, 2024
$1,700,000
Rich Properties Management LLC
Zayrich Properties LLC
Grant Deed
$1,000,000 · Zayrich Properties LLC
Jun 3, 2020
—
Zayrich Properties LLC
—
Deed
related
$700,000 · Callaway 1995 Living Tr (lt)
Jun 17, 2016
$1,200,000
Zayrich Properties LLC
Havenco LLC
Grant Deed
—
Dec 30, 2013
$470,000
Havenco LLC
Us Bank NA Series 2006-1
Grant Deed
$352,500 · Argent Bank
Jul 6, 2011
$577,702
Us Bank NA Series 2006-1 Tr
Fidelity Natl Title Co
Trustees Deed
related
—
Sep 13, 2005
$25,000
Gina Raine
Tavernetti,t K
Grant Deed
—
May 19, 1997
—
T K Tavernetti
Tavernetti,l V
Quit Claim Deed
related
—
—
—
L V Tavernetti
—
Deed Of Trust
related
$250,000 · Bank Of Salinas
—
—
Zayrich Properties LLC
—
Deed Of Trust
related
$700,000 · Callaway 1995 Living Tr (lt)
—
—
Fred C Raine
—
Deed Of Trust
related
$640,000 · Texas Heritage National 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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