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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Community centers
1590 Cyn Del Rey Blvd Seaside, CA 93955-3501
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-2546611
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1977
Total area
107,175 SF
Lot
3.72 ac (162,107 SF)
APN
011-561-020-000
UPID
US09-2546611
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
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Compact Power Equipment Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Primo Water Exchange Big Box & Wholesale Store
-
Home Services at The Home Depot General Contractor
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Hovercraft LLC|bjc Seaside LLC · 11 yrs held
Hovercraft LLC|bjc Seaside LLC
since 2015
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$22 / 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
$201,279
Tax year 2023
Assessed value
$18,482,894
Assessed 2023
Previous assessed
$18,482,894
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$7,508,675
Assessed improvement
$10,974,219
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
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1977
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
107,175 SF
Lot
3.72 ac (162,107 SF)
APN
011-561-020-000
UPID
US09-2546611
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
1977
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
3.72 ac
Current owner
From public records · entity-resolved
Hovercraft LLC|bjc Seaside LLC
Entity
Mailing address
635 W 7TH ST STE #310, CINCINNATI, OH 45203-1548
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
—
Hovercraft LLC
—
Deed
related
$24,500,000 · The Lafayette Life Insurance Company
May 1, 2015
$16,000,000
Hovercraft LLC|bjc Seaside LLC
Miref Seaside LLC
Grant Deed
$11,200,000 · Miscellaneous Ins Co
May 19, 2011
—
Miref Seaside LLC
—
Deed Of Trust
related
$5,100,000 · Ing Life Ins & Annunity Co
Oct 20, 2008
—
Miref Seaside LLC
Mcmorgan Institutional R/e Fun
Grant Deed
—
Apr 8, 2004
—
Bny Western Trust Co Trustee
Bank Of New York Trustee
Grant Deed
related
—
Feb 26, 2004
—
California Cement Northern
Cement Masons Pension Trust
Quit Claim Deed
related
—
Jan 26, 1999
—
Bank Of New York Trustee
Wells Fargo Bank
Quit Claim Deed
related
—
Aug 19, 1998
—
Northern Trust Bank Of Ca
Wells Fargo Bank
Grant Deed
related
—
—
—
Miref Seaside LLC
—
Deed Of Trust
related
$5,100,000 · Ing Life Ins & Annunity Co
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.
Try Rey
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