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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Manufacturing properties
1514 Moffett St, Salinas, CA 93905-3349
Entity Owned
~
Est. High Equity
Property ID
US09-1787219
Property summary
AI-generated overview
This ±3,870 square foot office/warehouse space is ideally located at 1514 Moffett Street, Suite C/E & H, in Salinas, California, 93905. Situated in the Airporter Business Center across from the Salinas Municipal Airport, this property offers a unique blend of office and light industrial functionality, perfect for a variety of businesses. The space boasts high-end finishes, including 11 private offices and 4 in-suite restrooms, along with several larger open areas adaptable to diverse needs. Previously configured as an office and testing lab, this versatile space is zoned IBP (Industrial Business Park), allowing for flexible use. Ample off-street parking is available for employees and clients. The property can be subdivided into two separately accessible units: approximately 2,800 square feet and approximately 1,070 square feet. The lease rate is $1.64 per square foot, modified gross, and the property is available for immediate occupancy. This prime location and flexible layout make this an exceptional opportunity for businesses seeking a functional and well-appointed space in Salinas.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Total area
15,256 SF
Lot
2.06 ac (89,733 SF)
APN
003-863-003-000
UPID
US09-1787219
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
-
Tartaglia Engineering Civil Civil Engineer
-
TLC Custom Farming Co., LLC Food Processing Plant
-
Earth Systems Engineering Consultant Soil Testing Service
-
ProForma Labs Medical Laboratory
-
Colijn Martin CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
Airporters Business Centers LLC
Airporters Business Centers LLC
since 2026
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 Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas 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%
$2,390,000
6.5%
$2,205,000
7%
$2,045,000
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±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
$133 / 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
$26,151
Tax year 2023
Assessed value
$2,195,674
Assessed 2023
Previous assessed
$2,195,674
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$603,713
Assessed improvement
$1,591,961
Applied tax rate
5.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Heating
NONE
Stories
1
Units
1
Total area
15,256 SF
Lot
2.06 ac (89,733 SF)
APN
003-863-003-000
UPID
US09-1787219
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
1992
Heating
NONE
Stories
1
Units
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Airporters Business Centers LLC
Entity
Mailing address
1514 MOFFETT ST, SALINAS, CA 93905-3349
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Jan 6, 2026
—
Airporters Business Centers LLC
The Conrad Family Trust
Grant Deed
—
Dec 29, 2025
—
Airporters Business Centers LLC
—
Deed
related
$2,200,000 · Heritage Bank Of Commerce
Jun 9, 2020
—
James R Conrad
—
Deed
related
$2,400,000 · 1st Capital Bank
Jun 10, 1998
—
Conrad Trust
—
Deed Of Trust
related
$1,507,500 · Wells Fargo Bank
Mar 31, 1994
$762,000
Bci Coca-cola Bottling Co
Union Bank
Grant Deed
—
Feb 20, 1991
—
Conrad,trust
—
Grant Deed
related
$998,000 · Pacific Western National Bank
—
—
Conrad Trust
—
Deed Of Trust
related
$1,250,000 · Pacific Western 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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