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Property profile & analytics
OFF-MARKET
Estimated value
$4,960,000
Medical Office Space
2066 Fremont St Monterey, CA 93940-5237
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-3383675
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1948
Construction
WOOD
Total area
10,084 SF
Lot
9.96 ac (433,857 SF)
APN
013-191-018-000
UPID
US09-3383675
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
-
Jon Kitaji, M.D. Physician Medical Clinic
-
U.S. Renal Care Monterey Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$4.96M
Owner & transaction history
Sierra Auto Properties LLC · 4 yrs held
Sierra Auto Properties LLC
since 2021
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.5M
+75.8%
Restaurant
$5.5M
+74.9%
Apartment house (5+ units)
$5.4M
+72.7%
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
$4,685,000
ML approach
$5,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,125,000
Current use
OFFICE BUILDING
$5,490,000
Change: +76% · Conversion: Easy
RESTAURANT
$5,460,000
Change: +75% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,395,000
Change: +73% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,060,000
Change: +62% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,960,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,020,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$4.96M
Range $4.46M – $5.46M · ±10% · vs last sale $5.50M (Nov 18 2021)
Last sale anchor
$5.50M
Nov 18 2021
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
$492 / 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
$44,811
Tax year 2023
Assessed value
$4,122,840
Assessed 2023
Previous assessed
$4,122,840
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,040,000
Assessed improvement
$2,082,840
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
4
Total area
10,084 SF
Lot
9.96 ac (433,857 SF)
APN
013-191-018-000
UPID
US09-3383675
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
MEDICAL BUILDING Current
Est. value
$3.1M
OFFICE BUILDING
Est. value
$5.5M
RESTAURANT
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.0M
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1948
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
4
Lot
9.96 ac
Current owner
From public records · entity-resolved
Sierra Auto Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1217 S SHAMROCK AVE, MONROVIA, CA 91016-4244
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
$5,500,000
Sierra Auto Properties LLC
Ghidorah LLC
Grant Deed
—
Aug 4, 2021
$4,042,000
Ghidorah LLC
Anthony A Crivello
Grant Deed
$1,000,000 · Vast Bank NA
Jul 31, 2020
—
Crive 1990 Fam Survivors Trust
Robert A Crivello
Affidavit Of Death
related
—
Dec 26, 2013
—
Crivello 1990e Family Trust
Crivello R A & E E 1990 Trust
Quit Claim Deed
related
—
Jul 8, 2013
—
Samms,ii Trust
Moraz,andrea
Quit Claim Deed
related
—
Jun 12, 2013
—
Andrea Moraz
Moraz Albert P Trust
Quit Claim Deed
related
—
May 23, 2013
—
Stephenie Anderson
Moraz Mary E
Grant Deed
related
—
Apr 30, 2013
—
Suzanne Moraz
Moraz Mary E
Quit Claim Deed
related
—
Apr 4, 2013
—
Michaeleen Moraz
Moraz Mary E
Quit Claim Deed
related
—
Dec 3, 2012
—
Crivello Robert A Tr
Crivello,edna E
Affidavit Of Death
related
—
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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