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Property profile & analytics
FOR SALE
Manufacturing properties
20800 Spence Rd, Salinas, CA 93908
Trust Owned
~
Est. High Equity
Property ID
US09-1635117
For Sale
1 / 7
$5,000,000
20800 Spence Rd, Salinas, CA 93908
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1993
Total area
2,300 SF
Lot
5 ac (217,800 SF)
APN
137-021-033-000
UPID
US09-1635117
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
-
Avery Consultation, Inc Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.31M
Owner & transaction history
Viridescent Realty Trust INC
Viridescent Realty Trust INC
since 2025
Last sale
$10.0M
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
$8,555,000
ML approach
$8,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.31M
Range $8.37M – $10.24M · ±10% · vs last sale $10.00M (May 23 2023)
Last sale anchor
$10.00M
May 23 2023
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
$4,046 / 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
$103,212
Tax year 2023
Assessed value
$7,678,277
Assessed 2023
Previous assessed
$7,678,277
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$3,352,774
Assessed improvement
$4,325,503
Applied tax rate
51.0000
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
For Sale
Year built
1993
Heating
NONE
Buildings
5
Stories
1
Rooms
1
Bathrooms
2
Total area
2,300 SF
Lot
5 ac (217,800 SF)
APN
137-021-033-000
UPID
US09-1635117
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
1993
Heating
NONE
Stories
1
Buildings
5
Rooms
1
Bathrooms
2
Lot
5 ac
Current owner
From public records · entity-resolved
Viridescent Realty Trust INC
Trust
Mailing address
55 SPG ST, WEST HARTFORD, CT 06105
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
Dec 26, 2025
$3,000,000
Viridescent Realty Trust INC
Lowell SR LLC
Trust Deed
related
—
May 23, 2023
—
Lowell SR LLC
New Wilston Associates II LLC
Lease
—
May 23, 2023
$10,000,000
New Wilston Associates II LLC
Lowell SR LLC
Grant Deed
—
Jul 2, 2021
$11,900,000
Lowell SR LLC
Amag Holdings LLC
Grant Deed
$9,360,000 · Viridescent Realty Trust INC
Sep 22, 2020
—
Amag Holdings LLC
Viridian Canopy LLC
Quit Claim Deed
—
May 15, 2020
—
Viridian Canopy LLC
Amag Holdings LLC
Grant Deed
—
Nov 8, 2018
—
Amag Holdings LLC
C Quadrant LLC
Quit Claim Deed
$2,892,900 · The Socotra Fund LLC
Mar 19, 2018
$5,500,000
C Quadrant LLC
Binhai Harbor Group USA Co
Grant Deed
—
Nov 30, 2016
—
Binhai Harbor Group USA Co
—
Deed
related
$2,840,000 · Pacific Enterprise Bank
May 15, 2014
$3,175,000
Binhai Harbor Group USA Co
Oella Salinas LLC
Grant Deed
$1,940,000 · Oella Salinas LLC
Dec 4, 2002
—
Oella Salinas LLC
Ldl Investments INC
Grant Deed
related
—
—
—
Ldl Inv INC
—
Deed Of Trust
related
$19,750,000 · Texas Commerce N
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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