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Property profile & analytics
OFF-MARKET
Commercial real estate
215 15th St Pacific Grove, CA 93950-3410
Individually Owned
2-yr Hold
Property ID
US10-3018598
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1969
Total area
652 SF
Lot
0.04 ac (1,695 SF)
APN
006-271-012-000
UPID
US10-3018598
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kelley C Mccarthy · 2 yrs held
Kelley C Mccarthy
since 2024
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,775
Tax year 2023
Assessed value
$426,087
Assessed 2023
Previous assessed
$426,087
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$325,487
Assessed improvement
$100,600
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1969
Heating
NONE
Total area
652 SF
Lot
0.04 ac (1,695 SF)
APN
006-271-012-000
UPID
US10-3018598
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
1969
Heating
NONE
Lot
0.04 ac
Current owner
From public records · entity-resolved
Kelley C Mccarthy
Individual
Mailing address
1708 KENTUCKY ST, REDWOOD CITY, CA 94061-2546
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
—
Kelley C Mccarthy
Kelley C Mccarthy
Intrafamily Transfer
related
—
Apr 19, 2024
—
Kelley C Mccarthy
Covell Mccarthy Kelley
Intrafamily Transfer
related
—
Dec 21, 2021
—
Otter Lane LLC
Stephen G Covell
Grant Deed
—
Dec 30, 2013
—
Kelley C Mccarthy
Covell S & J Living Trust
Quit Claim Deed
related
—
Aug 15, 2013
—
Covell,s & J Living Trust
Covell,stephen G & Jan P
Quit Claim Deed
related
—
May 16, 2013
$275,000
Steve Covell
Ethan Hare
Grant Deed
$206,250 · American Pacific Mortgage Corp
Dec 12, 2006
—
Ethan Hare
Ethan Hare
Intrafamily Transfer
related
$625,000 · Washington Mutual Bank Fa
May 31, 2006
—
Ethan Hare
Hare,ethan
Quit Claim Deed
related
$525,000 · Bank Of America
Feb 24, 2006
$650,000
Ethan Hare
Evans,christopher R & Michelle J
Grant Deed
$417,000 · Bank Of America
Feb 15, 2006
—
Christopher Evans
—
Trustees Deed
related
$150,000 · Carolyn Selbicky
Mar 31, 2005
$525,000
Christopher R Evans
The Baba Family Trust
Grant Deed
$347,000 · Rumbel Family Administrative Trust
Mar 31, 2005
—
Sayoko Baba
Baba,masao
Affidavit Of Death
related
—
Feb 4, 1994
—
Baba Trust
Baba,masao & Say
Quit Claim Deed
related
—
—
—
Ethan Hare
—
Deed Of Trust
related
$150,000 · Bank Of America
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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