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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Warehouses
21915 Rosehart Way, Salinas, CA 93908-9726
Individually Owned
8-yr Hold
Free & Clear
Property ID
US09-2920290
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
WOOD
Total area
5,000 SF
Lot
1 ac (43,560 SF)
APN
137-131-012-000
UPID
US09-2920290
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
-
Sunbelt Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Bud Sco Chemical Ent Inc Chemical Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$685k
Owner & transaction history
Erick G Fallon · 8 yrs held
Erick G Fallon
since 2017
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$755,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$810,000
Current use
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$137 / 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
$8,693
Tax year 2023
Assessed value
$795,438
Assessed 2023
Previous assessed
$795,438
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$414,873
Assessed improvement
$380,565
Applied tax rate
65.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Rooms
6
Bathrooms
4
Total area
5,000 SF
Lot
1 ac (43,560 SF)
APN
137-131-012-000
UPID
US09-2920290
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
WAREHOUSE, STORAGE Current
Est. value
$810,000
WAREHOUSE, STORAGE Current
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
1991
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Rooms
6
Bathrooms
4
Lot
1 ac
Current owner
From public records · entity-resolved
Erick G Fallon
Individual
Free & Clear · 8 yrs held
Mailing address
14178 RESERVATION RD, SALINAS, CA 93908-9212
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2017
—
Erick G Fallon
Fallon,cheryl
Quit Claim Deed
related
—
Jul 20, 2017
$450,000
Erick Gavin Fallon
Scott Nishihara
Grant Deed
$455,000 · 1st Capital Bank
Feb 16, 2011
—
Fallon B & E Family 1995 Trust
Fallon B & E 1995 Trust
Quit Claim Deed
related
—
Jun 29, 1995
—
Fallon Trust
Fallon,buddy
Quit Claim Deed
related
—
Jul 23, 1990
—
Buddy Fallon
—
Grant Deed
related
$263,000 · First National Bank Monterey
Jun 18, 1990
$160,000
Buddy Fallon
Rosehart Co
Grant Deed
$80,246 · First National Bank Monterey
—
—
Buddy Fallon
—
Deed Of Trust
related
$281,000 · First National Bank Monterey
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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