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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Showrooms
2228 Fremont St 8-30 Monterey, CA 93940-5405
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2968551
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1950
Construction
WOOD
Total area
13,080 SF
Lot
0.7 ac (30,600 SF)
APN
013-171-015-000
UPID
US09-2968551
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
$1.77M
Owner & transaction history
Wfp LP · 3 yrs held
Wfp LP
since 2022
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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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
$135 / 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
$11,538
Tax year 2023
Assessed value
$1,052,668
Assessed 2023
Previous assessed
$1,052,668
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$548,818
Assessed improvement
$503,850
Applied tax rate
3.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
11
Bathrooms
8
Total area
13,080 SF
Lot
0.7 ac (30,600 SF)
APN
013-171-015-000
UPID
US09-2968551
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
1950
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
11
Bathrooms
8
Lot
0.7 ac
Current owner
From public records · entity-resolved
Wfp LP
Entity
Free & Clear · 3 yrs held
Mailing address
2410 STEINER ST, SAN FRANCISCO, CA 94115-1715
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
—
Wfp LP
Patricia S Work
Grant Deed
—
Oct 17, 2022
—
Patricia S Work
Wfp LP
Grant Deed
—
Aug 12, 2022
—
Wfp LP
Susan Work Ward
Grant Deed
—
Feb 12, 2021
$69,500
Alison Work Sola
Patricia S Work
Grant Deed
—
Oct 3, 2014
$937,500
Work Family 2002 Trust|sola,alison W
Knight,christopher S
Grant Deed
—
Oct 3, 2014
—
Susan W Ward
Ward,edward
Quit Claim Deed
related
—
Jul 23, 2014
—
Susan W Ward
Ward,edward
Quit Claim Deed
related
—
Jul 23, 2014
$860,773
Work Tr Trust
Saucito Land Co
Grant Deed
—
Feb 9, 2012
—
Beck Julie W Trust
Beck Julie W Trust
Quit Claim Deed
related
—
Nov 6, 2009
—
Work Family 2002 Living Trust
Work Family 2002 Trust
Quit Claim Deed
related
—
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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