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Property profile & analytics
OFF-MARKET
Estimated value
$5,855,000
Industrial properties
2600 Gdn Rd Monterey, CA 93940-5311
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2714529
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1977
Total area
14,390 SF
Lot
3.46 ac (150,717 SF)
APN
013-322-013-000
UPID
US09-2714529
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
-
Dennis Jones Mechanical Engineer General Contractor Construction Company
-
Superior Sales West, Inc. - CA. Agricultural Supply Food Market
-
Fischer Kerney LLP Home Law Firm
-
Joyce John R Law Firm
-
Bender Ute Family Counselor Doctor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.92M
Blend (final)
Blend
$5.86M
Owner & transaction history
2600 Garden Road LLC · 3 yrs held
2600 Garden Road LLC
since 2023
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.8M
+10.6%
Restaurant
$7.8M
+10.1%
Apartment house (5+ units)
$7.7M
+8.7%
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
$7,610,000
ML approach
$7,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,080,000
Current use
OFFICE BUILDING
$7,830,000
Change: +11% · Conversion: Difficult
RESTAURANT
$7,795,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,695,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,220,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,740,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$5.86M
Range $5.27M – $6.44M · ±10% · vs last sale $4.65M (Jan 27 2023)
Last sale anchor
$4.65M
Jan 27 2023
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
$407 / 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
$57,218
Tax year 2023
Assessed value
$5,085,451
Assessed 2023
Previous assessed
$5,085,451
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,023,244
Assessed improvement
$3,062,207
Applied tax rate
3.0000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1977
Heating
NONE
Buildings
4
Stories
2
Rooms
1
Bathrooms
14
Total area
14,390 SF
Lot
3.46 ac (150,717 SF)
APN
013-322-013-000
UPID
US09-2714529
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
INDUSTRIAL (GENERAL) Current
Est. value
$7.1M
OFFICE BUILDING
Est. value
$7.8M
RESTAURANT
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1977
Heating
NONE
Stories
2
Buildings
4
Rooms
1
Bathrooms
14
Lot
3.46 ac
Current owner
From public records · entity-resolved
2600 Garden Road LLC
Entity
Mailing address
1172 S MAIN ST #372, SALINAS, CA 93901-2204
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2023
—
2600 Garden Road LLC
L Keith Slama
Intrafamily Transfer
related
—
Jul 15, 2022
—
L Keith Slama
Kenneth Eugene Slama
Intrafamily Transfer
related
—
Aug 3, 2017
$976,500
Slama Trust
Slama Trust
Grant Deed
related
$355,730 · Created Slama Trust (pt)
Jun 1, 2017
$4,650,000
L Keith Slama
The Saunders Company INC
Grant Deed
$3,255,000 · Pacific Valley Bank
Mar 19, 1993
—
Saunders Co INC
Trident Ltd Ptn
Quit Claim Deed
related
—
—
—
Saunders Co
—
Deed Of Trust
related
$750,000 · Bank Of America
—
—
Saunders Co
—
Deed Of Trust
related
$1,250,000 · First National Bank Central Ca
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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