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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Medical Office Space
24551 Silver Cloud Ct, Monterey, CA 93940-6532
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-0171470
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
10,617 SF
Lot
2.25 ac (98,010 SF)
APN
173-121-014-000
UPID
US09-0171470
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
-
Chad N. Allen, DDS Dental Office
-
Mary Terri Bilbro, FNP-BC, BC-ADM, CDCES Medical Clinic
-
Dr. Rita Koshinski Physician
-
New Beginnings Chiropractic Alternative Medicine Practice
-
Richard Westbrook, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.57M
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.68M
Owner & transaction history
Megastar Holdings Services LLC · 4 yrs held
Megastar Holdings Services LLC
since 2022
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.2M
+28.8%
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
Method
Estimation
Statistic approach
$2,540,000
ML approach
$2,565,000
CAP Approach
CAP Return
Estimation
6%
$2,995,000
6.5%
$2,765,000
7%
$2,565,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,290,000
Current use
AUTO REPAIR, GARAGE
$4,235,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$3,095,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10% · vs last sale $2.85M (Jan 26 2022)
Last sale anchor
$2.85M
Jan 26 2022
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
$252 / 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
$31,765
Tax year 2023
Assessed value
$2,907,000
Assessed 2023
Previous assessed
$2,907,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$612,000
Assessed improvement
$2,295,000
Applied tax rate
139.0000
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
2005
Heating
NONE
Stories
3
Total area
10,617 SF
Lot
2.25 ac (98,010 SF)
APN
173-121-014-000
UPID
US09-0171470
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
MEDICAL BUILDING Current
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2005
Heating
NONE
Stories
3
Lot
2.25 ac
Current owner
From public records · entity-resolved
Megastar Holdings Services LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1080 CHEROKEE ST, DENVER, CO 80204-4039
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
$2,850,000
Megastar Holdings Services LLC
John M Jessen
Grant Deed
—
May 14, 2018
—
Jessen John & Judy Property Trust
—
Deed
related
—
Nov 13, 2017
—
John M Jessen
—
Deed
related
$620,000 · Wells Fargo Bank NA
Jan 10, 2017
—
John M Jessen
—
Deed
related
$752,128 · Wells Fargo Bank NA
Sep 14, 2015
—
John M Jessen
Jessen,john M
Quit Claim Deed
related
—
Jun 9, 2004
$737,500
Jessen,tr
Mcintosh,leonard H & Pamela C
Grant Deed
—
Jul 9, 1997
—
Mcintosh Leonard
Bishop Mcintosh & Mcintosh
Quit Claim Deed
related
$650,000 · Pioneer Citizens Bank Nevada
—
—
Mcintosh Bishop
—
Deed Of Trust
related
$2,000,000 · First Interstate Bank Nevada
—
—
Leonard Mcintosh
—
Deed Of Trust
related
$175,000 · Greater Bay Bank
—
—
Leonard H Mcintosh
—
Deed Of Trust
related
$1,950,000 · Washington Mutual Fsb
—
—
Jessen John & Judy Property Trust
—
Loan Modification
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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