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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Commercial real estate
18 Cp Half Moon Rd, Monterey, MA 01245
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0696111
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1922
Construction
FRAME
Total area
14,778 SF
Lot
33 ac (1,437,480 SF)
APN
MONT M:0111 B:0020 L:0
UPID
US38-0696111
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
$2.45M
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.37M
Owner & transaction history
Kimama Re LLC · 4 yrs held
Kimama Re LLC
since 2021
Last sale
$1.5M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+57.2%
Retail stores
$2.1M
+15.6%
Office building
$2.1M
+12.3%
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
$2,335,000
ML approach
$2,445,000
CAP Approach
CAP Return
Estimation
6%
$2,495,000
6.5%
$2,300,000
7%
$2,140,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,835,000
Current use
RESTAURANT
$2,885,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$2,120,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$2,060,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,920,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±10% · vs last sale $1.50M (Dec 16 2021)
Last sale anchor
$1.50M
Dec 16 2021
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
$160 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$18,765
Tax year 2024
Assessed value
$3,061,100
Assessed 2024
Previous assessed
$3,061,100
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$1,615,700
Assessed improvement
$1,445,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1922
Construction
FRAME
Heating
NONE
Buildings
9
Stories
2
Units
123
Rooms
110
Bathrooms
2
Total area
14,778 SF
Lot
33 ac (1,437,480 SF)
APN
MONT M:0111 B:0020 L:0
UPID
US38-0696111
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
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.9M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1922
Construction
FRAME
Heating
NONE
Stories
2
Buildings
9
Units
123
Rooms
110
Bathrooms
2
Lot
33 ac
Current owner
From public records · entity-resolved
Kimama Re LLC
Entity
Mailing address
353 LEXINGTON AVE #505, NEW YORK, NY 10016-0941
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
$1,500,000
Kimama Re LLC
Half Moon Camps INC
Quit Claim Arm's Length For Ne States
$2,400,000 · Dime 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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