New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,845,000
Industrial properties
20 Lowr Ragsdale Dr Ste 150 Monterey, CA 93940-5729
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-3787301
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1990
Construction
TILT-UP CONCRETE
Total area
26,694 SF
Lot
3.1 ac (135,036 SF)
APN
259-031-074-000
UPID
US09-3787301
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
$4.95M
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$5.85M
Owner & transaction history
Jessen Properties LP · 3 yrs held
Jessen Properties LP
since 2022
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%
$5,365,000
6.5%
$4,950,000
7%
$4,600,000
Blend value · Realmo final
$5.85M
Range $5.26M – $6.43M · ±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
$219 / 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
$44,865
Tax year 2023
Assessed value
$4,123,909
Assessed 2023
Previous assessed
$4,123,909
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,060,432
Assessed improvement
$3,063,477
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
26,694 SF
Lot
3.1 ac (135,036 SF)
APN
259-031-074-000
UPID
US09-3787301
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
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
3.1 ac
Current owner
From public records · entity-resolved
Jessen Properties LP
Entity
Free & Clear · 3 yrs held
Mailing address
1418 S MAIN ST STE #202, SALINAS, CA 93908-8834
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
—
Jessen Properties LP
—
Deed
related
$1,500,000 · 1st Capital Bank
Dec 28, 2022
—
Jessen Properties LP
John M Jessen
Intrafamily Transfer
related
—
Dec 27, 2022
—
Jessen Management Company LLC
John M Jessen
Grant Deed
—
Dec 27, 2018
—
Community J & J J Prop Trust
—
Deed
related
$1,000,000 · Wells Fargo Bk
May 24, 2016
—
John M Jessen
—
Deed
related
$700,000 · Wells Fargo Bank NA
Jan 15, 2014
$3,500,000
John M Jessen
Salinas Valley Memorial Healthcare
Grant Deed
$2,275,000 · Wells Fargo Bank NA
—
—
Community J & J J Prop Trust
—
Loan Modification
related
$1,900,000 · Wells Fargo Bk
—
—
Community J & J J Prop Trust
—
Loan Modification
related
$1,000,000 · Wells Fargo Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 20 Lowr Ragsdale Dr Ste, Unit 150?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
