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Property profile & analytics
OFF-MARKET
Estimated value
$5,740,000
Office buildings
200 Clock Tower Pl, Carmel, CA 93923-8723
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2797526
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1981
Total area
44,016 SF
Lot
1.28 ac (55,713 SF)
APN
015-012-071-000
UPID
US09-2797526
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
-
Gary D Schartz Jd Llm Inc Law Firm
-
Tarantino Wealth Management - UBS Financial Services Inc. Financial Advisor
-
Pebble Beach Concours d'Elegance Event Planning Wedding Service
-
FedEx Drop Box Postal Service Courier Service
-
DeLaney Gabriel, HHP Physician Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.74M
Owner & transaction history
Denier Group LLC · 6 yrs held
Denier Group LLC
since 2019
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 Carmel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmel 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$130 / 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
$84,715
Tax year 2023
Assessed value
$5,766,263
Assessed 2023
Previous assessed
$5,766,263
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$2,594,535
Assessed improvement
$3,171,728
Applied tax rate
60.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1981
Heating
NONE
Stories
2
Units
1
Rooms
16
Bathrooms
10
Total area
44,016 SF
Lot
1.28 ac (55,713 SF)
APN
015-012-071-000
UPID
US09-2797526
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
1981
Heating
NONE
Stories
2
Units
1
Rooms
16
Bathrooms
10
Lot
1.28 ac
Current owner
From public records · entity-resolved
Denier Group LLC
Entity
Mailing address
PO BOX 221753, CARMEL, CA 93922-1753
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2019
—
Denier Group LLC
Denier Trust
Quit Claim Deed
related
$6,500,000 · Miscellaneous Ins Co
Dec 16, 2016
—
Denier Trust
Denier,richard J
Quit Claim Deed
related
—
Sep 19, 2005
—
Richard J Denier
Denier,richard J & Kathy L
Quit Claim Deed
related
—
Aug 13, 2004
—
Richard J Denier
Denier,fred
Quit Claim Deed
related
—
Jun 6, 1994
—
Fred Denier
Denier,cathy
Quit Claim Deed
related
$1,900,000 · Individual
Jul 16, 1993
$2,755,000
Gulf Life Insurance Co
Polo Inv Co
Trustees Deed
related
—
—
—
Richard J Denier
—
Loan Modification
related
$6,650,000 · Farmers & Merchants Bk Ctrl Ca
—
—
Richard J Denier
—
Deed Of Trust
related
$3,300,000 · Farmers & Merchants Bk Ctrl Ca
—
—
Richard J Denier
—
Deed Of Trust
related
$1,500,000 · Farmers & Merchants Bk Ctrl Ca
—
—
Richard Denier
—
Deed Of Trust
related
$300,000 · Individual
—
—
Richard J Denier
—
Deed Of Trust
related
$300,000 · Individual
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
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