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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Office buildings
26435 Carmel Rancho Blvd, Carmel, CA 93923-8852
Individually Owned
~
Est. High Equity
Property ID
US09-2792843
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1978
Construction
WOOD
Total area
8,368 SF
Lot
0.48 ac (21,000 SF)
APN
015-012-028-000
UPID
US09-2792843
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
-
Neumeier Investment Counsel Financial Advisor
-
KW Coastal Estates : Herbert Aronson Real Estate Agency
-
Real Estate in Monterey County Real Estate Agency
-
Bert Aronson, Keller Williams Realty Real Estate Agency
-
Monterey Trust Management Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.22M
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
The Wickiserand Horvath Family Trus
The Wickiserand Horvath Family Trus
since 2025
Last sale
$3.0M
6 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
$2,235,000
ML approach
$2,215,000
CAP Approach
CAP Return
Estimation
6%
$2,090,000
6.5%
$1,930,000
7%
$1,790,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,465,000
Current use
INDUSTRIAL (GENERAL)
$3,440,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,340,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,310,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,180,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±10% · vs last sale $3.00M (Dec 8 2025)
Last sale anchor
$3.00M
Dec 8 2025
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
$296 / 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
$26,006
Tax year 2023
Assessed value
$2,236,860
Assessed 2023
Previous assessed
$2,236,860
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,040,400
Assessed improvement
$1,196,460
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
6
Bathrooms
4
Total area
8,368 SF
Lot
0.48 ac (21,000 SF)
APN
015-012-028-000
UPID
US09-2792843
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
OFFICE BUILDING Current
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1978
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
6
Bathrooms
4
Lot
0.48 ac
Current owner
From public records · entity-resolved
The Wickiserand Horvath Family Trus
Individual
Mailing address
PO BOX 2069, CARMEL, CA 93921-2069
Ownership since
2025
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
Dec 8, 2025
$3,000,000
The Wickiserand Horvath Family Trus
Barbara C Britton Revocable Living
Grant Deed
$1,500,000 · Pinnacle Bank
Dec 8, 2025
—
Wickiser And Horvath Family Trust
—
Deed
related
$1,237,000 · The Mortgage Capital Development Corp
Jul 9, 2021
—
Barbara C Britton
—
Deed
related
$1,400,000 · Standard Insurance Co
Apr 27, 2021
$2,150,000
Barbara C Britton
Frank Hespe
Grant Deed
—
Jul 20, 2010
—
Kirk Stewart
Stewart,william K
Affidavit Of Death
related
—
—
—
Thirkle Trust
—
Deed Of Trust
related
$805,000 · California Federal 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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