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Property profile & analytics
OFF-MARKET
Estimated value
$9,550,000
Banks
200 Franklin St Monterey, CA 93940-3057
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2052618
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1982
Construction
WOOD
Total area
32,692 SF
Lot
1.27 ac (55,141 SF)
APN
001-693-002-000
UPID
US09-2052618
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
-
Merrill Investment & Retirement Financial Center Financial Advisor
-
Bank of America ATM Atm
-
Bank of America Financial Center Financial Advisor
-
Mortgage, Bank of America Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.42M
Blend (final)
Blend
$9.55M
Owner & transaction history
Hawthorne Gateway LP · 6 yrs held
Hawthorne Gateway LP
since 2020
Last sale
$9.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$11.7M
+224.3%
Office building
$10.2M
+183.6%
Auto repair, garage
$9.3M
+157.1%
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
$12,030,000
ML approach
$11,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,695,000
Change: +224% · Conversion: Difficult
OFFICE BUILDING
$10,225,000
Change: +184% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,270,000
Change: +157% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,650,000
Change: +84% · Conversion: Difficult
MEDICAL BUILDING
$5,880,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$9.55M
Range $8.60M – $10.51M · ±10% · vs last sale $9.00M (Jun 30 2020)
Last sale anchor
$9.00M
Jun 30 2020
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
$292 / 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
$168,849
Tax year 2023
Assessed value
$15,523,451
Assessed 2023
Previous assessed
$15,523,451
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$9,460,606
Assessed improvement
$6,062,845
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
1
Total area
32,692 SF
Lot
1.27 ac (55,141 SF)
APN
001-693-002-000
UPID
US09-2052618
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
INDUSTRIAL (GENERAL)
Est. value
$11.7M
OFFICE BUILDING
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$5.9M
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1982
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Hawthorne Gateway LP
Entity
Mailing address
1815 VIA EL PRADO STE #300, REDONDO BEACH, CA 90277-5726
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2020
$9,000,000
Hawthorne Gateway LP
Cto16 Monterey LLC
Grant Deed
$4,660,000 · Citizens Business Bank
Aug 17, 2016
$8,435,000
Cto16 Monterey LLC
Saucito Land Co
Grant Deed
—
Jun 22, 2015
—
Saucito Land Company
Saucito Land Company
Quit Claim Deed
related
$5,000,000 · 1st Capital 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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