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Property profile & analytics
OFF-MARKET
Estimated value
$19,535,000
Community centers
26400 Carmel Rancho Ln Carmel, CA 93923
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2712950
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Total area
82,036 SF
Lot
3.23 ac (140,874 SF)
APN
015-012-061-000
UPID
US09-2712950
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.54M
Owner & transaction history
Barnyard Carmel LLC · 3 yrs held
Barnyard Carmel LLC
since 2023
Last sale
$23.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.0M
+300.4%
Commercial (general)
$12.5M
+255.8%
Industrial (general)
$12.4M
+253.4%
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
$23,305,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$14,025,000
Change: +300% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,465,000
Change: +256% · Conversion: Easy
INDUSTRIAL (GENERAL)
$12,385,000
Change: +253% · Conversion: Difficult
Blend value · Realmo final
$19.54M
Range $17.58M – $21.49M · ±10% · vs last sale $23.00M (Mar 14 2023)
Last sale anchor
$23.00M
Mar 14 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
$238 / 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
$292,676
Tax year 2023
Assessed value
$17,927,998
Assessed 2023
Previous assessed
$17,927,998
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$12,058,124
Assessed improvement
$5,869,874
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Heating
NONE
Stories
3
Total area
82,036 SF
Lot
3.23 ac (140,874 SF)
APN
015-012-061-000
UPID
US09-2712950
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
AUTO REPAIR, GARAGE
Est. value
$14.0M
COMMERCIAL (GENERAL)
Est. value
$12.5M
INDUSTRIAL (GENERAL)
Est. value
$12.4M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (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
Heating
NONE
Stories
3
Lot
3.23 ac
Current owner
From public records · entity-resolved
Barnyard Carmel LLC
Entity
Mailing address
220 30TH ST, MANHATTAN BEACH, CA 90266-2074
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2023
$23,000,000
Barnyard Carmel LLC
Sima Barnyard LLC
Grant Deed
$10,500,000 · First Republic Bank
Mar 14, 2023
—
Barnyard Carmel LLC
—
Deed
related
$10,500,000 · First Republic Bank
Dec 7, 2020
—
Sima Barnyard LLC
—
Deed
related
$9,925,000 · Banc Of Ca NA
Jul 29, 2005
—
Sima Barnyard LLC
—
Deed Of Trust
related
$16,850,000 · Ixis R/e Capital INC
Jul 26, 2005
—
Sima Barnyard LLC
Capstone Morningside Chase
Quit Claim Deed
related
—
Jan 9, 2004
—
Capstone Morningside Chase LP
Barnyard LLC
Grant Deed
$10,185,140 · Mid-state Bank & Trust Co
Feb 15, 1990
—
Rancho San Carlo
Oppenheimer,arth
Grant Deed
related
—
—
—
Sima Barnyard LLC
—
Deed Of Trust
related
$16,710,486 · Morgan Stanley 2005-iq10 (ct)
—
—
Sima Barnyard LLC
—
Loan Modification
related
$9,925,000 · Banc Of Ca NA
—
—
Gamboa William
—
Deed Of Trust
related
$366,000 · Beneficial California INC
—
—
Gamboa William
—
Deed Of Trust
related
$340,000 · Beneficial Mortgage Co
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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