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Property profile & analytics
OFF-MARKET
Estimated value
$8,630,000
Hospitals
1575 Skyline Dr, Monterey, CA 93940-4110
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-3212447
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1968
Construction
WOOD FRAME
Total area
28,307 SF
Lot
0.35 ac (15,210 SF)
APN
014-051-014-000
UPID
US09-3212447
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
-
Mena Garwood Physician
-
Robert Camacho Physician
-
Windsor Monterey Care Center Rehabilitation Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.23M
CAP Approach
CAP
$7.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.63M
Owner & transaction history
1575 Skyline Dr Propco LLC · 1 yrs held
1575 Skyline Dr Propco LLC
since 2025
Last sale
$10.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.2M
+62.1%
Industrial (general)
$13.9M
+58.9%
Auto repair, garage
$11.3M
+28.8%
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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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
$10,215,000
ML approach
$8,225,000
CAP Approach
CAP Return
Estimation
6%
$7,985,000
6.5%
$7,370,000
7%
$6,840,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,765,000
Current use
COMMERCIAL (GENERAL)
$14,205,000
Change: +62% · Conversion: Easy
INDUSTRIAL (GENERAL)
$13,930,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,290,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$8,250,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$8.63M
Range $7.77M – $9.49M · ±10% · vs last sale $10.70M (Feb 4 2025)
Last sale anchor
$10.70M
Feb 4 2025
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
$305 / 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
$34,998
Tax year 2023
Assessed value
$3,059,516
Assessed 2023
Previous assessed
$3,059,516
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,556,124
Assessed improvement
$1,503,392
Applied tax rate
3.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1968
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Rooms
59
Bathrooms
7
Total area
28,307 SF
Lot
0.35 ac (15,210 SF)
APN
014-051-014-000
UPID
US09-3212447
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
MEDICAL BUILDING Current
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$14.2M
INDUSTRIAL (GENERAL)
Est. value
$13.9M
AUTO REPAIR, GARAGE
Est. value
$11.3M
RETAIL STORES
Est. value
$8.3M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1968
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Rooms
59
Bathrooms
7
Lot
0.35 ac
Current owner
From public records · entity-resolved
1575 Skyline Dr Propco LLC
Entity
Mailing address
520 CAPITOL MALL STE #800, SACRAMENTO, CA 95814-4716
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
$10,698,500
1575 Skyline Dr Propco LLC
Monterey Care Center LLC
Grant Deed
$11,015,000 · Oxford Finance LLC
Jan 9, 2007
—
Monterey Care Center LLC
Monterey/pleasant Hill LP
Grant Deed
$23,707,217 · Capital Lending & Mortgage Group Ll
Aug 5, 2003
—
Monterey Pleasant Hill LP
—
Deed Of Trust
related
$13,020,434 · Capital Lending & Mortgage Gro
Dec 4, 1989
$3,250,000
Pleasan Monterey
Blh Properties
Grant Deed
—
Sep 29, 1989
$700,000
Martin A Harmon
Western Medical
Grant Deed
$600,000 · Bank Of Commerce
—
—
Monterey Care Center LLC
—
Loan Modification
related
$3,679,157 · Chesapeake Cap Fndg
—
—
Martin A Harmon
—
Deed Of Trust
related
$2,100,000 · Sumitomo Bank
—
—
Monterey Of Pleasant Hill
—
Deed Of Trust
related
$4,350,000 · Capital Lending & Mtg Grp LLC
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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