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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Showrooms
200 4th St Soledad, CA 93960-2910
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-2730904
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1949
Construction
TILT-UP CONCRETE
Total area
5,127 SF
Lot
0.14 ac (6,250 SF)
APN
022-074-012-000
UPID
US09-2730904
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
-
ATM Atm
-
Vigo Bank Credit Union
-
Las Palmas Market Grocery & Convenience Store Specialty Food Shop
-
Salinas cellular2 Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$1.06M
Owner & transaction history
Mohamed F Abbas · 7 yrs held
Mohamed F Abbas
since 2018
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 Soledad submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Soledad 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%
$1,180,000
6.5%
$1,090,000
7%
$1,010,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,590,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$207 / 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
$5,993
Tax year 2023
Assessed value
$493,198
Assessed 2023
Previous assessed
$493,198
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$107,219
Assessed improvement
$385,979
Applied tax rate
6.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1949
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Rooms
4
Bathrooms
3
Total area
5,127 SF
Lot
0.14 ac (6,250 SF)
APN
022-074-012-000
UPID
US09-2730904
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
MEDICAL BUILDING
Est. value
$1.6M
MEDICAL BUILDING
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
1949
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Rooms
4
Bathrooms
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Mohamed F Abbas
Individual
Mailing address
232 MANHATTAN DR, SALINAS, CA 93906-5131
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2018
$750,000
Mohamed F Abbas
Riojas,raymond & Bertha
Grant Deed
$637,600 · Poppy Bk
Aug 16, 2018
—
Mohamed F Abbas
Aidha,jamila M A
Quit Claim Deed
—
Jul 12, 2017
—
Raymond Riojas
Riojas,raymond C & Bertha M
Quit Claim Deed
related
$350,000 · Ingoglia Thomas P Family Tr(
Jul 14, 2016
—
Riojas Family Trust
—
Deed
related
$160,000 · Tony V Franca
Sep 3, 2004
—
Riojas Trust
Riojas,raymond C & Bertha
Quit Claim Deed
related
—
—
—
Raymond Riojas
—
Deed Of Trust
related
$290,000 · Bank Of Salinas
—
—
Riojas Family Trust
—
Deed Of Trust
related
$160,000 · Tony V Franca
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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