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Property profile & analytics
OFF-MARKET
Estimated value
$16,480,000
Investment properties
21 Soledad St Salinas, CA 93901-2963
Trust Owned
18-yr Hold
Free & Clear
Property ID
US09-5507135
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2020
Construction
WOOD
Total area
77,598 SF
APN
002-191-031-000
UPID
US09-5507135
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
-
Moon Gate Plaza Apartments Apartment Complex
-
Urban Arts Collaborative Studio & Studio Art Gallery Art Studio
-
Doing business with crypto llc Biotechnology Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.76M
Comparable Approach
Comparable
$21.51M
Blend (final)
Blend
$16.48M
Owner & transaction history
Ahtye Family Trust · 18 yrs held
Ahtye Family Trust
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$24.0M
+6.5%
Office building
$23.0M
+1.8%
Retail stores
$22.6M
+0.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$17,070,000
6.5%
$15,760,000
7%
$14,635,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$22,570,000
Current use
MEDICAL BUILDING
$24,030,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$22,965,000
Change: +2% · Conversion: Easy
RETAIL STORES
$22,615,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$16.48M
Range $14.83M – $18.13M · ±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
$212 / 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
$225
Tax year 2023
Assessed value
$11,106,459
Assessed 2023
Previous assessed
$11,106,459
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$574,163
Assessed improvement
$10,532,296
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
CENTRAL
Stories
4
Total area
77,598 SF
APN
002-191-031-000
UPID
US09-5507135
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
$22.6M
MEDICAL BUILDING
Est. value
$24.0M
OFFICE BUILDING
Est. value
$23.0M
RETAIL STORES
Est. value
$22.6M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2020
Construction
WOOD
Heating
CENTRAL
Stories
4
Current owner
From public records · entity-resolved
Ahtye Family Trust
Trust
Free & Clear · 18 yrs held
Mailing address
303 VINTAGE PARK DR STE #250, FOSTER CITY, CA 94404-1176
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
—
Mp 21 Soledad Street LP
—
Deed
related
$2,062,000 · Bank Of America NA
Oct 18, 2019
—
Mp 21 Soledad Street LP
—
Deed
related
$796,284 · Miscellaneous Govt Agcy
Aug 20, 2019
—
Mp 21 Soledad Street LP
—
Deed
related
$1,755,512 · Miscellaneous Govt Agcy
Aug 16, 2018
—
Mp 21 Soledad Street LP
—
Deed
related
$1,068,452 · Mid-peninsula The Farm INC
Apr 19, 2018
—
Mp 21 Soledad Street LP
—
Trustees Deed
related
$880,000 · Midpen Hsng Corp
Mar 12, 2018
—
Mp 21 Soledad Street L P
—
Grant Deed
related
$29,856,938 · Bank Of America
Jul 18, 2007
—
Ahtye Family Trust
Ahtye Family Trust
Quit Claim Deed
related
—
Jun 19, 2007
$45,650
Salinas Redevelopment Agency
Ahtye W J & P A Trust
Grant Deed
—
Jun 19, 2007
—
Ahtye Family Trust
Patricia A Ahtye
Affidavit Of Death
related
—
—
—
Mp 21 Soledad Street LP
—
Loan Modification
related
$641,566 · Miscellaneous Govt Agcy
—
—
Mp 21 Soledad Street LP
—
Loan Modification
related
$1,068,452 · Mid-peninsula The Farm INC
—
—
Mp 21 Soledad Street LP
—
Deed Of Trust
related
$796,284 · Miscellaneous Govt Agcy
—
—
Mp 21 Soledad Street LP
—
Deed Of Trust
related
$201,500 · Miscellaneous Govt Agcy
—
—
Mp 21 Solcdad Street L P
—
Deed Of Trust
related
$641,566 · Miscellaneous Govt Agcy
—
—
Mp 21 Soledad Street LP
—
Loan Modification
related
$1,755,512 · Miscellaneous Govt Agcy
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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