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Property profile & analytics
OFF-MARKET
Estimated value
$3,715,000
Community centers
250 Reservation Rd Marina, CA 93933-3017
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-0216701
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Construction
TILT-UP CONCRETE
Total area
10,000 SF
Lot
0.95 ac (41,338 SF)
APN
032-181-016-000
UPID
US09-0216701
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
-
Lees TV VCR Repair Home Appliance Store
-
Bay Dental Care Dental Office
-
Hoarau Yves DDS Dental Office
-
Marina Square Shopping Center Shopping Center & Mall
-
Seacrest Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.72M
CAP Approach
CAP
$4.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.72M
Owner & transaction history
250 Reservation Road LLC · 1 yrs held
250 Reservation Road LLC
since 2024
Last sale
$3.7M
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 Marina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marina 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
$3,715,000
ML approach
$3,715,000
CAP Approach
CAP Return
Estimation
6%
$4,455,000
6.5%
$4,110,000
7%
$3,820,000
Blend value · Realmo final
$3.72M
Range $3.34M – $4.09M · ±10% · vs last sale $3.71M (Sep 13 2024)
Last sale anchor
$3.71M
Sep 13 2024
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
$372 / 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
$35,313
Tax year 2023
Assessed value
$3,366,000
Assessed 2024
Previous assessed
$3,366,000
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,530,000
Assessed improvement
$1,836,000
Applied tax rate
12.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
10,000 SF
Lot
0.95 ac (41,338 SF)
APN
032-181-016-000
UPID
US09-0216701
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
250 Reservation Road LLC
Entity
Mailing address
6900 PO BOX 3668, PINEDALE, CA 93650-3668
Ownership since
2024
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
Sep 13, 2024
$3,714,500
250 Reservation Road LLC
Ecr Creek Investment LLC
Grant Deed
—
Jun 27, 2023
—
Ecr Creek Investment LLC
—
Deed
related
$1,750,000 · Mid Valley Services INC
May 26, 2023
—
Ecr Creek Investment LLC
Hee Kim Young
Grant Deed
$2,250,000 · Mid Valley Services INC
May 25, 2016
—
Young H Kim
—
Deed
related
$300,000 · Bank Of The West
Aug 18, 2015
$2,800,000
Young H Kim
Uni Group LLC
Grant Deed
$1,150,000 · Bank Of The West
Oct 4, 2005
$3,350,000
Uni Group LLC
Kim,young H & Donna S
Grant Deed
$2,345,000 · Bank Of The Orient
Feb 10, 2004
—
Young H Kim
Kim,young H & Kong S
Quit Claim Deed
related
$1,300,000 · East West Bank
Apr 13, 2001
$1,600,000
Young H Kim
Arnold,william & Margaret
Grant Deed
$1,120,000 · Tamalpais Bank
May 7, 1999
—
William Arnold
Arnold,william & Margaret
Quit Claim Deed
related
$1,050,000 · First National Bank Central Ca
—
—
Arnold William
—
Deed Of Trust
related
$120,000 · General American Financial Co
—
—
Young H Kim
—
Deed Of Trust
related
$300,000 · Bank Of The West
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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