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Property profile & analytics
OFF-MARKET
Estimated value
$24,620,000
Hospitals
26245 Carmel Rancho Blvd Carmel, CA 93923-8783
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-0147951
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2011
Total area
14,599 SF
Lot
4.6 ac (200,375 SF)
APN
015-021-036-000
UPID
US09-0147951
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
-
Alta California Land Co Geriatric Care Provider Nursing Home
-
The Cottages of Carmel Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$24.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.62M
Owner & transaction history
26245 Carmel Rancho Blvd Propco LLC · 2 yrs held
26245 Carmel Rancho Blvd Propco LLC
since 2024
Last sale
$24.6M
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 Carmel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmel 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
$24,620,000
ML approach
$24,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$24.62M
Range $22.16M – $27.08M · ±10% · vs last sale $24.62M (Apr 24 2024)
Last sale anchor
$24.62M
Apr 24 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
$1,686 / 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
$283,360
Tax year 2023
Assessed value
$24,177,106
Assessed 2023
Previous assessed
$24,177,106
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$9,460,607
Assessed improvement
$14,716,499
Applied tax rate
60.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
4
Stories
1
Total area
14,599 SF
Lot
4.6 ac (200,375 SF)
APN
015-021-036-000
UPID
US09-0147951
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
2011
Heating
NONE
Stories
1
Buildings
4
Lot
4.6 ac
Current owner
From public records · entity-resolved
26245 Carmel Rancho Blvd Propco LLC
Entity
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$24,620,000
26245 Carmel Rancho Blvd Propco LLC
Carmel Property Owner LLC
Grant Deed
—
Sep 6, 2019
$28,250,000
Carmel Property Owner LLC
Watermark Carmel LLC
Grant Deed
$21,760,000 · Cw Capital
Aug 5, 2014
$3,333,000
Watermark Carmel LLC
Alta California Land Co LLC
Grant Deed
$21,760,000 · Cw Capital
Aug 5, 2014
—
Watermark Carmel LLC
—
Loan Modification
related
$21,760,000 · Walker & Dunlop
Jun 6, 2007
—
Alta California Land Co
Houpt,donald M III
Grant Deed
—
Feb 7, 2007
—
Donald M Houpt III
Maguire,roclan M
Grant Deed
—
Nov 10, 2005
—
Roclan M Maguire
Maguire,margaret
Quit Claim Deed
—
—
—
William Gamboa
—
Deed Of Trust
related
$375,000 · Beneficial California INC
—
—
Alta California Land Co LLC
—
Deed Of Trust
related
$1,180,000 · 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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