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Property profile & analytics
OFF-MARKET
Estimated value
$4,565,000
Manufacturing properties
16 Lowr Ragsdale Dr Monterey, CA 93940-5728
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-0926574
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
20,954 SF
Lot
3 ac (130,680 SF)
APN
259-031-059-000
UPID
US09-0926574
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.89M
Comparable Approach
Comparable
$4.47M
Blend (final)
Blend
$4.57M
Owner & transaction history
Richard D Macdonald Family Partners · 14 yrs held
Richard D Macdonald Family Partners
since 2012
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,210,000
6.5%
$3,885,000
7%
$3,610,000
Blend value · Realmo final
$4.57M
Range $4.11M – $5.02M · ±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
$218 / 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
$35,445
Tax year 2023
Assessed value
$3,212,014
Assessed 2023
Previous assessed
$3,212,014
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$995,326
Assessed improvement
$2,216,688
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
20,954 SF
Lot
3 ac (130,680 SF)
APN
259-031-059-000
UPID
US09-0926574
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
3
Bathrooms
1
Lot
3 ac
Current owner
From public records · entity-resolved
Richard D Macdonald Family Partners
Entity
Mailing address
16 LOWR RAGSDALE DR, MONTEREY, CA 93940-5728
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Jul 13, 2021
—
Richard D Macdonald Family Partners
—
Deed
related
$200,000 · Continental Bank
Jan 13, 2012
—
Richard D Macdonald Family Partners
The Richard D Macdonald Family Part
Intrafamily Transfer
related
$1,725,000 · Jpmorgan Chase Bank NA
Jun 22, 1999
—
Richard D Macdonald Family Pts
Macdonald,richard D
Quit Claim Deed
related
—
May 5, 1999
$797,000
Richard D Macdonald
Becking,pamela J
Grant Deed
—
—
—
Richard D Macdonald Family Pts
—
Deed Of Trust
related
$964,001 · Reddy Cn & Elsa Trust
—
—
Paul E Becking
—
Deed Of Trust
related
$200,000 · First National Bank Central Ca
—
—
Richard D Macdonald Family Plp
—
Deed Of Trust
related
$2,100,000 · First National Bank Central Ca
—
—
Richard D Macdonald Fam Ptshp
—
Deed Of Trust
related
$700,000 · Pacific Capital Bank NA
—
—
Richard D Macdonald Family
—
Deed Of Trust
related
$606,000 · California Statewide Certified
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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