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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    26515 Carmel Rancho Blvd Carmel, CA 93923-8799

    • Office buildings
    • 8,353 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Mar 30, 2022
    $2,650,000
    Value Estimations
    $2,530,000
    Show details
    Cap Rate Potential
    5.4%
    Office buildings
    Location Intelligence
    Property ID
    US09-3747165
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CLA (CliftonLarsonAllen ) / Financial Audit / Tax Preparation
    • Sweeney Julianne CPA / Accountant
    • Hayashi Wayland / Accountant / Tax Preparation
    • newcitiesinvestments / Investment Service
    • Cater & Stiles CPA'S Inc: Cater William P CPA / Accountant

    Property Details for 26515 Carmel Rancho Blvd

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    8,353 SF
    Property type
    Office buildings
    APN
    015-012-031-000
    APU
    15012031000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,330,000
      ML approach
      $2,485,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,085,000
      6.5%
      $1,925,000
      7%
      $1,785,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,455,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,435,000
      Change: -1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,330,000
      Change: -4% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,305,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,175,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Monterey
    State
    California
    Longitude
    -121.904
    Latitude
    36.5391
    CBSA code
    41500
    CBSA name
    SALINAS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,966
    $1,020,000
    $1,683,000
    $2,703,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,540,000
      7,753 SF

      26080 Carmel Rancho Blvd

      OFFICE BUILDING (MULTI-STORY) • 7,753 SF
      26080 Carmel Rancho Blvd, Carmel, CA 93923-8752
      View Details
    • Value Estimation
      $1,100,000
      5,870 SF

      26346 Carmel Rancho Blvd

      OFFICE BUILDING (MULTI-STORY) • 5,870 SF
      26346 Carmel Rancho Blvd, Carmel, CA 93923
      View Details
    • Value Estimation
      $1,325,000
      6,600 SF

      26364 Carmel Rancho Ln

      OFFICE BUILDING (MULTI-STORY) • 6,600 SF
      26364 Carmel Rancho Ln, Carmel, CA 93923-8787
      View Details
    • Value Estimation
      $2,960,000
      34,952 SF

      26360 Carmel Rancho Ln

      OFFICE BUILDING (MULTI-STORY) • 34,952 SF
      26360 Carmel Rancho Ln, Carmel, CA 93923-8758
      View Details
    • Value Estimation by Request
      1,024 SF

      26535 Carmel Rancho Blvd

      OFFICE BUILDING • 1,024 SF
      26535 Carmel Rancho Blvd, Carmel, CA 93923-8749
      View Details
    • Value Estimation
      $5,740,000
      44,016 SF

      200 Clock Tower Pl

      OFFICE BUILDING (MULTI-STORY) • 44,016 SF
      200 Clock Tower Pl, Carmel, CA 93923-8723
      View Details

    Similar Nearby for Sale

    • $6,700,000
      33,966 SF

      Carmel Rancho Office Building

      33,966 SF office building in Carmel Rancho Commercial District.
      3785 Via Nona Marie, Carmel, CA 93923
      View Details
    • $2,600,000
      16.44 Acres

      Tehama Carmel Homesite Opportunity

      16-acre homesite in Tehama Carmel with captivating views.
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      39+ Acres in Santa Lucia

      Land with views and club amenities in Carmel, CA.
      26 Long Ridge Trl, Carmel, CA 93923
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    • $350,000

      Carmel Valley Land For Sale

      Land available in Carmel Valley, California.
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    • $474,000
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      Land in Santa Lucia Preserve

      34.4 acre residential lot in gated community.
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    • $1,300,000
      18.15 Acres

      Carmel Land with Equestrian Potential

      18.15 acre homeland in Touche Pass area, Carmel.
      8 Touche Pass, Carmel, CA 93923
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      9,000 SF

      Carmel Valley Premier Office Building

      High-profile office building in Carmel's financial district for lease.
      3775 Via Nona Marie, Carmel, CA 93923
      View Details
    • $18 SF/Yr
      15,000 SF

      Carmel Medical Office Suites

      Prime Carmel location, 1,240-1,614 sq ft.
      26535 Carmel Rancho Blvd, Carmel-by-the-Sea, CA 93923
      View Details
    • $3 SF/Yr
      917 SF

      Carmel Medical/Dental Office Spaces

      Medical/dental office spaces for lease in Carmel, California.
      26365 Carmel Rancho Blvd, Carmel, CA 93923
      View Details
    • $2 SF/Yr
      5,372 SF

      Carmel Financial District Office Space

      Centrally located office space with ample parking and elevator access.
      26385 Carmel Rancho Blvd, Carmel, CA 93923
      View Details
    • $24 SF/Yr
      1,278 SF

      Carmel Rancho Financial Area Office

      Renovated office suites in Carmel Rancho Financial area.
      3771 Rio Rd, Carmel, CA 93923
      View Details
    • $9,000 /Mo
      3,400 SF

      Carmel Valley Two-Story Building

      Two-story building with retail/office space and apartment in Carmel.
      27820 Dorris Dr, Carmel, CA 93923
      View Details
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    Carmel, CA 93923-8799
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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