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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Gas stations
2047 Main St, Salinas, CA 93906-1731
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US09-3125399
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1950
Construction
WOOD FRAME
Total area
1,343 SF
Lot
1.91 ac (83,200 SF)
APN
253-062-002-000
UPID
US09-3125399
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
-
Acme Car Wash Car Wash
-
Chevron Gas Station
-
Cardtronics ATM Atm
-
EXTRAMILE Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$600k
Owner & transaction history
Pierce Co LP · 17 yrs held
Pierce Co LP
since 2008
5 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
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$447 / 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
$44,827
Tax year 2023
Assessed value
$3,990,469
Assessed 2023
Previous assessed
$3,990,469
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,475,515
Assessed improvement
$1,514,954
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1950
Construction
WOOD FRAME
Heating
NONE
Buildings
3
Stories
1
Rooms
2
Bathrooms
4
Total area
1,343 SF
Lot
1.91 ac (83,200 SF)
APN
253-062-002-000
UPID
US09-3125399
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
1950
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
3
Rooms
2
Bathrooms
4
Lot
1.91 ac
Current owner
From public records · entity-resolved
Pierce Co LP
Entity
Mailing address
537 ABBOTT ST, SALINAS, CA 93901-4325
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2008
—
Pierce Co LP
Pierce Co LP
Grant Deed
related
$1,200,000 · First Capital Bank
Mar 25, 1996
$650,000
Wm Pierce Co LLC
Sammut Trust
Grant Deed
$1,577,000 · Bank Of Salinas
—
—
Wm Pierce Co LLC
—
Deed Of Trust
related
$728,000 · Bank Of Salinas
—
—
Wm Pierce Co LLC
—
Deed Of Trust
related
$749,000 · California Statewide Certified
—
—
Wm Pierce Co LLC
—
Deed Of Trust
related
$1,588,000 · Bank Of Salinas
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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