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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Apartment buildings
255 4th St Soledad, CA 93960-2953
Trust Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-2751873
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1969
Construction
WOOD
Total area
7,856 SF
Lot
0.5 ac (21,608 SF)
APN
022-073-019-000
UPID
US09-2751873
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
$1.95M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$2.08M
Owner & transaction history
Thomas & Marianne Mangold Trust · 10 yrs held
Thomas & Marianne Mangold Trust
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+4.7%
Industrial (general)
$3.2M
+4.0%
Auto repair, garage
$3.1M
+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 Soledad submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Soledad 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,105,000
6.5%
$1,945,000
7%
$1,805,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,105,000
Current use
OFFICE BUILDING
$3,250,000
Change: +5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,230,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,135,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,985,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±10%
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
$264 / 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
$29,853
Tax year 2023
Assessed value
$2,503,221
Assessed 2023
Previous assessed
$2,503,221
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$739,587
Assessed improvement
$1,763,634
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 (100+ UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
2
Rooms
38
Bathrooms
10
Total area
7,856 SF
Lot
0.5 ac (21,608 SF)
APN
022-073-019-000
UPID
US09-2751873
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
$3.1M
OFFICE BUILDING
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1969
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Buildings
2
Rooms
38
Bathrooms
10
Lot
0.5 ac
Current owner
From public records · entity-resolved
Thomas & Marianne Mangold Trust
Trust
Mailing address
575 CALLE PRINCIPAL, MONTEREY, CA 93940-2811
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2015
$2,200,000
Thomas & Marianne Mangold Trust
The Guillermo & Angela Nieto Family
Grant Deed
$1,125,000 · Jpmorgan Chase Bank NA
Jun 5, 2013
—
Guillermo Nieto
—
Deed Of Trust
related
$1,162,500 · J P Morgan Chase Bank
Jul 8, 2004
—
Guillerm & Angela Nieto Family
Guillerm & Angela Nieto Family
Quit Claim Deed
related
$1,170,000 · Washington Mutual Fsb
Jun 14, 1995
—
Guillermo Famil
Nieto,guillermo & Angela
Quit Claim Deed
related
—
Jul 2, 1992
$240,500
Guillermo Nieto
Lekander Trust
Grant Deed
$112,000 · Seller
May 21, 1990
—
Lawrence M Lekan
Lekander,lawrenc
Quit Claim Deed
related
$600,000 · American Savings 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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