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Property profile & analytics
OFF-MARKET
Estimated value
$3,725,000
Office buildings
207 16th St, Pacific Grove, CA 93950-3322
Entity Owned
~
Est. High Equity
Property ID
US09-3131018
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1966
Construction
TILT-UP CONCRETE
Total area
9,045 SF
Lot
0.07 ac (3,201 SF)
APN
006-281-009-000
UPID
US09-3131018
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
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.73M
Owner & transaction history
Tpa Vii LLC
Tpa Vii LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.0M
+34.8%
Restaurant
$4.9M
+30.9%
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 Pacific Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific Grove 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
$3,945,000
ML approach
$3,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,745,000
Current use
COMMERCIAL (GENERAL)
$5,045,000
Change: +35% · Conversion: Easy
RESTAURANT
$4,900,000
Change: +31% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,720,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,610,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,575,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±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
$412 / 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
$43,698
Tax year 2023
Assessed value
$3,953,520
Assessed 2023
Previous assessed
$3,953,520
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,080,800
Assessed improvement
$1,872,720
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Units
1
Rooms
6
Bathrooms
2
Total area
9,045 SF
Lot
0.07 ac (3,201 SF)
APN
006-281-009-000
UPID
US09-3131018
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
OFFICE BUILDING Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RESTAURANT
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Units
1
Rooms
6
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Tpa Vii LLC
Entity
Mailing address
PO BOX 22123, CARMEL, CA 93922-0123
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
—
Tpa Vii LLC
The Barbara C Britton Rlt
Deed
—
May 28, 2021
$3,800,000
Barbara C Britton
Anthony Foux
Grant Deed
$2,000,000 · Kinecta FCU
Oct 16, 2020
—
Foux,a Separate Prop Trust
Anthony Foux
Quit Claim Deed
related
—
Oct 1, 2019
—
Anthony Foux
Claudia Kahn
Quit Claim Deed
related
$2,000,000 · Kinecta FCU
Dec 27, 2017
—
Anthony Foux
Peony 1031 LLC
Grant Deed
—
Aug 1, 2017
$1,700,000
Peony 1031 LLC
Getz Wallace F & France
Grant Deed
$7,000,000 · Judith L Smart
Jun 20, 2017
—
Getz,w F & F E Family Trust
Smart,judith L
Quit Claim Deed
related
—
Mar 10, 2006
—
Judith L Smart
Getz Wallce F & F E Trust
Grant Deed
related
—
Feb 1, 2006
—
Judith L Smart
Getz,wallace F
Affidavit Of Death
related
—
Jul 7, 2005
—
Judith L G Smart
Getz Wallace F & F E Trust
Grant Deed
—
Jun 8, 2005
—
Getz Wallace F & F E Trust
Getz Trust
Quit Claim Deed
related
—
—
—
Getz,tr
—
Deed Of Trust
related
$1,925,000 · Financial Freedom Loans INC
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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