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Property profile & analytics
OFF-MARKET
Estimated value
$6,350,000
Community centers
2011 Main St Salinas, CA 93906
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2965186
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1979
Total area
1,800 SF
Lot
2 ac (87,120 SF)
APN
253-061-025-000
UPID
US09-2965186
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
$6.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.35M
Owner & transaction history
Northridge Plaza Salinas LLC · 6 yrs held
Northridge Plaza Salinas LLC
since 2020
Last sale
$6.0M
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 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
$6,640,000
ML approach
$6,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.35M
Range $5.72M – $6.99M · ±10% · vs last sale $6.00M (May 21 2020)
Last sale anchor
$6.00M
May 21 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
$3,528 / 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
$72,368
Tax year 2023
Assessed value
$6,433,209
Assessed 2023
Previous assessed
$6,433,209
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,859,925
Assessed improvement
$2,573,284
Applied tax rate
5.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
2
Stories
1
Rooms
4
Bathrooms
6
Total area
1,800 SF
Lot
2 ac (87,120 SF)
APN
253-061-025-000
UPID
US09-2965186
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
1979
Heating
NONE
Stories
1
Buildings
2
Rooms
4
Bathrooms
6
Lot
2 ac
Current owner
From public records · entity-resolved
Northridge Plaza Salinas LLC
Entity
Mailing address
328 E MARKET ST, SALINAS, CA 93901-3729
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2020
—
Northridge Plaza Salinas LLC
Fayk Yasin
Quit Claim Deed
related
—
Jul 17, 2019
—
Seaside Dining Group INC
—
Deed
related
—
Nov 7, 2018
$6,000,000
Fayk Yasin
William D Massa
Grant Deed
$3,675,000 · Pacific Valley Bank
Nov 7, 2018
—
Owner Name Unavailable
Grootendorst,therese A
Affidavit Of Death
related
—
Apr 7, 1994
—
Massa Trust
Massa,william D
Quit Claim Deed
related
—
Dec 21, 1989
$17,000
Betty A Walker
Sala,bruno R
Grant Deed
—
Nov 9, 1989
$100,000
Stan Silva
Massa,william D
Grant Deed
—
Aug 24, 1989
$1,800,000
Massa,william D
Grootenddorst,ed
Trustees Deed
—
—
—
Seaside Dining Group INC
—
Deed Of Trust
related
—
—
—
William D Massa
—
Deed Of Trust
related
$1,400,000 · Community Bank Central Ca
—
—
William D Massa
—
Deed Of Trust
related
$1,400,000 · Grootendorst Edw
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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