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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Office buildings
18921 Portola Dr, Salinas, CA 93908-1296
Entity Owned
29-yr Hold
Free & Clear
Property ID
US09-3349162
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
4,500 SF
Lot
1.8 ac (78,408 SF)
APN
161-011-061-000
UPID
US09-3349162
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
-
Produce Alliance Agricultural Supply Food Market
-
Baja Son Growers Big Box & Wholesale Store
-
Klein Medical Group Inc Medical Clinic
-
Klein Michael S MD Physician
-
Traffic Freight Services Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.22M
Owner & transaction history
Portola Center Enterprises INC · 29 yrs held
Portola Center Enterprises INC
since 1997
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+36.0%
Commercial (general)
$1.4M
+7.7%
Medical building
$1.4M
+5.6%
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 Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas 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%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,320,000
Current use
AUTO REPAIR, GARAGE
$1,795,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,420,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$1,395,000
Change: +6% · Conversion: Easy
RETAIL STORES
$1,310,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$270 / 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
$20,030
Tax year 2023
Assessed value
$1,773,363
Assessed 2023
Previous assessed
$1,773,363
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$273,938
Assessed improvement
$1,499,425
Applied tax rate
57.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
3
Stories
1
Rooms
3
Bathrooms
6
Total area
4,500 SF
Lot
1.8 ac (78,408 SF)
APN
161-011-061-000
UPID
US09-3349162
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
OFFICE BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1999
Heating
NONE
Stories
1
Buildings
3
Rooms
3
Bathrooms
6
Lot
1.8 ac
Current owner
From public records · entity-resolved
Portola Center Enterprises INC
Entity
Free & Clear · 29 yrs held
Mailing address
18931 PORTOLA DR STE A, SALINAS, CA 93908-1295
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 1997
—
Portola Center Enterprises INC
—
Grant Deed
related
$1,120,467 · Bank Of Salinas
Jul 2, 1997
$140,000
Portola Center Enterprises INC
Kelton,richard
Trustees Deed
—
Jul 2, 1997
$35,000
Portola Center Enterprises INC
Kelton Trust
Trustees Deed
—
Jul 2, 1997
—
David Kelton
Kelton,lenora
Quit Claim Deed
related
—
Mar 13, 1995
$5,000
Kelton Trust
Reginald J Swaner Estate
Trustees Deed
—
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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