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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Apartment buildings
225 Grv Acre Ave Pacific Grove, CA 93950-2346
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-0026273
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Construction
WOOD
Total area
2,880 SF
Lot
0.34 ac (14,890 SF)
APN
006-361-008-000
UPID
US09-0026273
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
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.47M
Owner & transaction history
Jpd Holdings LLC · 1 yrs held
Jpd Holdings LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+41.0%
Office building
$1.2M
+4.7%
Auto repair, garage
$1.2M
+0.9%
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
Method
Estimation
Statistic approach
$1,510,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,140,000
Current use
COMMERCIAL (GENERAL)
$1,605,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$1,190,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,150,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.58M (May 23 2025)
Last sale anchor
$1.58M
May 23 2025
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
$510 / 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
$9,957
Tax year 2023
Assessed value
$886,533
Assessed 2023
Previous assessed
$886,533
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$472,371
Assessed improvement
$414,162
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Rooms
25
Bathrooms
6
Total area
2,880 SF
Lot
0.34 ac (14,890 SF)
APN
006-361-008-000
UPID
US09-0026273
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1950
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Rooms
25
Bathrooms
6
Lot
0.34 ac
Current owner
From public records · entity-resolved
Jpd Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4510 CAPITOLA RD, CAPITOLA, CA 95010-3849
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
$1,580,000
Jpd Holdings LLC
James E Spitler
Grant Deed
—
Jun 12, 2019
—
Robert Thomas Deacon & Diane Deacon
Robert Thomas Deancon & Dianne Cami
Intrafamily Transfer
related
$500,000 · 1st Capital Bank
Jul 26, 2013
$375,000
Deacon,robert T & D C Trust
Spitler,james E & Susan S
Grant Deed
—
Feb 15, 2013
$750,000
James E Spitler
Robert Deacon
Grant Deed
$500,000 · Wells Fargo Bank NA
Feb 15, 2013
—
Robert Deacon
Deacon,diane
Quit Claim Deed
related
—
Apr 27, 2012
$679,000
Robert Deacon
Unionbancal Mtg Corp
Trustees Deed
related
—
Mar 6, 2007
—
Dwyer William M Trust
Dwyer,william M
Quit Claim Deed
related
—
Jul 14, 2005
$1,025,000
William M Dwyer
Savage W T & K A Trust
Grant Deed
$717,500 · Tamalpais Bank
Jul 14, 2005
—
William M Dwyer
Dwyer William M Trust
Quit Claim Deed
related
—
Nov 4, 2004
—
Savage Walt & Kathleen Trust
Savage Trust A
Quit Claim Deed
related
—
Oct 27, 2004
—
Lockyer Tasha Tr
Savage,theoda J
Affidavit Of Death
related
—
Aug 14, 2002
—
Savage,tr
Savage,tr
Quit Claim Deed
related
—
Jan 8, 1996
—
Savage Trust
Savage,walter E & Theoda J
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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