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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Industrial land
161 Airport Rd King City, CA 93930-2505
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-4937022
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
1 ac (43,560 SF)
APN
026-521-030-000
UPID
US09-4937022
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
$1.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Rich Properties Management LLC · 2 yrs held
Rich Properties Management LLC
since 2024
Last sale
$1.7M
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
Method
Estimation
Statistic approach
$1,700,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.70M (Feb 9 2024)
Last sale anchor
$1.70M
Feb 9 2024
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
—
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
$3,036
Tax year 2023
Assessed value
$256,009
Assessed 2023
Previous assessed
$256,009
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$256,009
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
1 ac (43,560 SF)
APN
026-521-030-000
UPID
US09-4937022
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
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Rich Properties Management LLC
Entity
Mailing address
198 COW MDW PL, PASO ROBLES, CA 93446-3947
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
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
—
Aug 17, 2005
—
Gina Raine
Raine,fred
Quit Claim Deed
related
—
Jul 26, 2005
$25,000
Fred Raine
Tavernetti,t K
Grant Deed
—
Nov 13, 2002
$21,000
T K Tavernetti
Community Development Agency
Grant Deed
$181,341 · Community Bank Central Ca
—
—
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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