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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Medical Office Space
26485 Carmel Rancho Blvd, Carmel, CA 93923-8706
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US10-3100883
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Construction
TILT-UP CONCRETE
Total area
8,498 SF
Lot
0.48 ac (20,908 SF)
APN
015-012-030-000
UPID
US10-3100883
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
-
Carl Bradford a DDS Dental Office
-
Janie Rommel-Eichorn, MFT Marriage Or Relationship Counselor Doctor
-
meg grundy Counselor
-
Bio Kosmetik Carmel Spa & Massage Center Skin Care Clinic
-
Dr. Charles Ahern Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.55M
Owner & transaction history
Kea Properties LLC · 17 yrs held
Kea Properties LLC
since 2009
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,475,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±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
$182 / 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
$33,164
Tax year 2023
Assessed value
$2,491,996
Assessed 2023
Previous assessed
$2,491,996
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,339,786
Assessed improvement
$1,152,210
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Total area
8,498 SF
Lot
0.48 ac (20,908 SF)
APN
015-012-030-000
UPID
US10-3100883
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
RETAIL STORES
Est. value
$2.5M
RETAIL STORES
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
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Kea Properties LLC
Entity
Mailing address
24815 EASTFIELD PL, CARMEL, CA 93923-9451
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2018
—
Kea Properties LLC
—
Deed
related
$1,200,000 · Comerica Bank
Jan 2, 2009
—
Kea Properties LLC
Carl,bradford A & Mary L
Grant Deed
—
Nov 3, 2004
—
Bradford A Carl
Eagle Trust
Grant Deed
$1,100,000 · Community Bank Central Ca
Sep 21, 2001
—
Eagle Trust
Eagle,alexander F
Quit Claim Deed
related
—
Aug 17, 2001
—
Alexander F Eagle
Castle Brands INC
Grant Deed
related
—
Aug 11, 1998
$1,885,000
Leali Holding Co INC
Gamble Trust
Grant Deed
$1,750,000 · Tarantino Trust
Jun 4, 1993
$1,885,000
Charles H Gamble
Castle Brand INC
Grant Deed
$285,000 · Individual
—
—
Bradford A Carl
—
Deed Of Trust
related
$1,300,000 · Comerica Bank
—
—
Kea Properties LLC
—
Deed Of Trust
related
$1,300,000 · Comerica Bank
—
—
Eagle,tr
—
Deed Of Trust
related
$925,000 · Bank Of The West
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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