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Property profile & analytics
OFF-MARKET
Estimated value
$8,675,000
Showrooms
2060 California Ave Sand City, CA 93955-3150
Trust Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3932495
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1998
Construction
TILT-UP CONCRETE
Total area
30,256 SF
Lot
1.73 ac (75,359 SF)
APN
011-011-053-000
UPID
US09-3932495
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
by Request
CAP Approach
CAP
$6.43M
Comparable Approach
Comparable
$8.53M
Blend (final)
Blend
$8.68M
Owner & transaction history
Polos Trust · 27 yrs held
Polos Trust
since 1999
4 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 Sand City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sand City 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%
$6,960,000
6.5%
$6,425,000
7%
$5,965,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,445,000
Current use
OFFICE BUILDING
$12,520,000
Change: -7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$12,440,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,070,000
Change: -10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,965,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$8.68M
Range $7.81M – $9.54M · ±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
$287 / 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
$94,007
Tax year 2023
Assessed value
$8,686,315
Assessed 2023
Previous assessed
$8,686,315
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$3,485,779
Assessed improvement
$5,200,536
Applied tax rate
11.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
2
Total area
30,256 SF
Lot
1.73 ac (75,359 SF)
APN
011-011-053-000
UPID
US09-3932495
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
COMMERCIAL (GENERAL) Current
Est. value
$13.4M
OFFICE BUILDING
Est. value
$12.5M
INDUSTRIAL (GENERAL)
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$12.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Polos Trust
Trust
Free & Clear · 27 yrs held
Mailing address
1485 E MTN DR, SANTA BARBARA, CA 93108-1216
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 1999
—
Polos Trust
Polos Trust
Quit Claim Deed
related
—
Mar 26, 1998
—
D B O Development 25
—
Grant Deed
related
$3,000,000 · Union Bank Of California
Jun 10, 1997
—
Sand City
Development #25
Grant Deed
related
—
—
—
Polos Trust
—
Deed Of Trust
related
$3,000,000 · Seller
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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