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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Retail space
161 Fountain Ave Pacific Grove, CA 93950-2737
Trust Owned
Free & Clear
Property ID
US09-0184711
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
TILT-UP CONCRETE
Total area
4,083 SF
Lot
0.1 ac (4,200 SF)
APN
006-174-010-000
UPID
US09-0184711
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
$910k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Robert And Margie Shields 2004 Family Trust
Robert And Margie Shields 2004 Family Trust
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 Pacific Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific Grove 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%
$985,000
6.5%
$910,000
7%
$845,000
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$170 / 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
$8,563
Tax year 2023
Assessed value
$772,650
Assessed 2023
Previous assessed
$772,650
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$277,669
Assessed improvement
$494,981
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
4,083 SF
Lot
0.1 ac (4,200 SF)
APN
006-174-010-000
UPID
US09-0184711
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
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
3
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Robert And Margie Shields 2004 Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
11 RIDGECREST TER, SAN MATEO, CA 94402-3997
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Robert And Margie Shields 2004 Family Trust
Pebble Beach Company
Quitclaim Deed
—
Mar 24, 2026
$1,150,000
Common Tiger Property Owner LLC
Robert & Margie Shields Fmtr
Grant Deed
—
May 19, 2023
$10,800,000
Ic Pg Property Owner LLC
Rohnert Park Ri LP
Grant Deed
$37,500,000 · Johnson Controls Capital LLC
Mar 31, 2023
—
Durrell Pacific Grove Ll
Mohammad Rezai
Deed
related
—
Oct 28, 2021
—
Travel Inn Associates LP
Mohammad Rezai
Deed
related
—
Aug 16, 2021
$840,000
Travel Inn Associates LP
Mohammad Rezai
Grant Deed
—
Apr 30, 2021
—
Rohnert Park Ri LP
—
Deed
related
$7,000,000 · Western Adventist Foundation
Dec 22, 2020
$672,000
Moammad Rezai
Rohnert Park Ri LP
Grant Deed
—
Mar 12, 2020
$4,200,000
Rohnert Park Ri LP
Far West Heritage LLC
Grant Deed
$3,500,000 · Praad Hospitality INC
Mar 12, 2020
—
Mohammad Rezai
Fatemeh Assar
Quitclaim Deed
related
$3,500,000 · Western Adventist Foundation
May 13, 2016
$400,000
Far West Heritage LLC
Holman Building Associates LP
Grant Deed
—
Apr 6, 2012
$640,000
Shields R & M 2004 Family Trust
Mcmahon,anthony A
Grant Deed
—
Mar 1, 2006
$1,195,000
Anthony A Mcmahon
Holman Building Associates
Grant Deed
$550,000 · California Savings 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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