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Property profile & analytics
OFF-MARKET
Medical Office Space
225 Romie Ln, Salinas, CA 93901-3127
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-0985131
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1941
Construction
WOOD
Total area
1,657 SF
Lot
0.17 ac (7,600 SF)
APN
002-613-037-000
UPID
US09-0985131
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
-
Rodriguez Sonia MD Physician
-
Hilltop Family Medical Group Medical Clinic
-
Dr. Aimee Paik Physician Medical Clinic
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
Nelson N H · 18 yrs held
Nelson N H
since 2007
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
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
$10,887
Tax year 2023
Assessed value
$946,496
Assessed 2023
Previous assessed
$946,496
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$515,102
Assessed improvement
$431,394
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
1,657 SF
Lot
0.17 ac (7,600 SF)
APN
002-613-037-000
UPID
US09-0985131
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
1941
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Rooms
5
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Nelson N H
Individual
Mailing address
225 E ROMIE LN, SALINAS, CA 93901-3127
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2007
—
Nelson N H
Nelson,norman H
Quit Claim Deed
related
—
Oct 29, 2007
$735,000
Jardini Family Trust
Nelson N H & A M S Trust
Grant Deed
$1,113,750 · Rabobank
Jul 12, 2006
—
Nelson N H
Abernethy,mary S
Quit Claim Deed
related
—
May 24, 2002
—
Salinas City (ca)
Abernethy,mary S
Grant Deed
related
—
Jan 22, 1998
$155,000
James S Uchida
Bank Of New York
Grant Deed
$124,000 · Countrywide Home Loans INC
Jun 2, 1997
$143,775
Bank Of New York
Sacayanan,veselisa J
Trustees Deed
related
—
Aug 24, 1994
—
Veselisa J Sacayanan
Hemmer,john K &
Grant Deed
$171,000 · America's Wholesale Lender
Nov 5, 1993
—
John K Hemmer
Davidson,steven
Grant Deed
related
—
—
—
Norman H Nelson
—
Deed Of Trust
related
$340,000 · Mark A Eaton
—
—
Mary S Abernethy
—
Deed Of Trust
related
$26,000 · Greenpoint Mortgage Funding
—
—
Mary S Abernethy
—
Deed Of Trust
related
$211,000 · Greenpoint Mortgage Funding
—
—
Jardini Family Trust
—
Deed Of Trust
related
$294,000 · Union Bank
—
—
Mary S Abernethy
—
Deed Of Trust
related
$42,000 · Countrywide Home Loans INC
—
—
May S Abernethy
—
Deed Of Trust
related
$44,500 · Wells Fargo Bank
—
—
Mary S Abernethy
—
Deed Of Trust
related
$389,900 · Wells Fargo Bank
—
—
Mark S Abernethy
—
Deed Of Trust
related
$327,750 · Wells Fargo Home Mortgage INC
—
—
May S Abernethy
—
Deed Of Trust
related
$55,500 · Wells Fargo Bank
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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