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Property profile & analytics
FOR LEASE
Grocery and convenience stores
26555 Carmel Rancho Blvd Carmel, CA 93923
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3677873
For Lease
1 / 5
$15,320,000
26555 Carmel Rancho Blvd, Carmel, CA 93923
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Lot
3.06 ac (133,294 SF)
APN
015-012-017-000
UPID
US09-3677873
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
-
Barney J Belleci - State Farm Insurance Agent Insurance Agency
-
Transcendental Meditation Alternative Medicine Practice Spiritual Center
-
Kehoe Chiropractic Alternative Medicine Practice
-
Margaret Skillicorn Alternative Medicine Practice
-
MyCarmel Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.32M
Owner & transaction history
Westwood Townhouses LLC · 5 yrs held
Westwood Townhouses LLC
since 2020
Last sale
$15.4M
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
$18,550,000
ML approach
$11,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.32M
Range $13.79M – $16.85M · ±10% · vs last sale $15.40M (Jul 22 2020)
Last sale anchor
$15.40M
Jul 22 2020
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
—
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
$194,123
Tax year 2023
Assessed value
$16,022,160
Assessed 2023
Previous assessed
$16,022,160
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$10,404,000
Assessed improvement
$5,618,160
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Heating
NONE
Units
1
Lot
3.06 ac (133,294 SF)
APN
015-012-017-000
UPID
US09-3677873
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
Heating
NONE
Units
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Westwood Townhouses LLC
Entity
Mailing address
PO BOX 529, SAN LORENZO, CA 94580-0529
Ownership since
2020
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
Apr 10, 2024
—
River R V Park
—
Deed
related
$725,000 · Pinnacle Bank
Aug 19, 2021
—
Sacramento River R V Park
—
Deed
related
$750,000 · Steve Barone Etux
Oct 5, 2020
—
Westwood Townhouses LLC
Prim Family Ptshp LP
Grant Deed
related
—
Jul 22, 2020
$15,400,000
Westwood Townhouses LLC
Prim Family Partnership LP
Grant Deed
$5,050,000 · Us Bank NA
Jan 6, 2004
—
Prim Family Partnership LP
Prim,wayne L
Quit Claim Deed
related
$15,750,000 · Citigroup Global Markets Realt
—
—
Prim Family Ptshp
—
Deed Of Trust
related
$14,300,000 · Glenbrook Partners
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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