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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Office buildings
288 Pearl St Monterey, CA 93940-3036
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-1793177
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
WOOD
Total area
6,209 SF
Lot
0.23 ac (9,989 SF)
APN
001-696-004-000
UPID
US09-1793177
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
-
Keller Medical Institute Medical School
-
Strategic Law Solutions Law Firm
-
SILVERSTONE LANDSCAPING & TREE SERVICE Landscaping General Contractor
-
Focal Biosciences Corporate Office
-
Scott Seeley Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.06M
Owner & transaction history
Kilcaskan Properties LLC · 6 yrs held
Kilcaskan Properties LLC
since 2019
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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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%
$1,550,000
6.5%
$1,430,000
7%
$1,330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,380,000
Current use
RESTAURANT
$3,365,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,320,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,115,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,055,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±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
$331 / 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
$24,280
Tax year 2023
Assessed value
$2,224,816
Assessed 2023
Previous assessed
$2,224,816
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$643,320
Assessed improvement
$1,581,496
Applied tax rate
3.0000
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
2001
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
3
Bathrooms
2
Total area
6,209 SF
Lot
0.23 ac (9,989 SF)
APN
001-696-004-000
UPID
US09-1793177
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
$3.4M
RESTAURANT
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
Year built
2001
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
3
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Kilcaskan Properties LLC
Entity
Mailing address
288 PEARL ST, MONTEREY, CA 93940-3036
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
—
Kilcaskan Properties LLC
465 Tyler Street LLC
Quit Claim Deed
related
—
May 20, 2019
$2,075,000
465 Tyler Street LLC
Kingsbury Fitness Equipment LLC
Grant Deed
$1,575,000 · 1st Capital Bank
Nov 26, 2014
$1,578,000
Fitness Equipment Ll Kingsbury
Mlcfc 2007-9 Munras Pearl LP
Grant Deed
—
Mar 25, 2013
$4,786,600
Mlcfc 2007-9 Munras Pearl LP
First American Title Ins
Trustees Deed
related
—
Jun 23, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
—
May 25, 2004
—
Verga,tr
Verga,geraldine L
Quit Claim Deed
related
—
Feb 26, 2002
—
Verga Trust
Verga,paul A & Geraldine L
Quit Claim Deed
related
—
Dec 1, 2000
—
Paul A Verga
—
Grant Deed
related
$1,190,000 · First National Bank Central Ca
Sep 11, 1997
$267,500
Verga,paul A & Geraldine L
Verga Trust
Trustees Deed
related
—
Sep 11, 1997
—
Zoller,john A & Donna J
Pfv Trust
Trustees Deed
related
—
Nov 6, 1990
$226,500
John A Zoller
Dewar,roderick L
Grant Deed
related
—
Jul 6, 1989
—
Mahoney,john H
Phryma Equity Ex
Trustees Deed
related
—
Jul 6, 1989
$450,000
Phryma Equity Ex
Lacye,naomi M
Trustees Deed
related
$297,608
—
—
Verga,tr
—
Deed Of Trust
related
$1,190,000 · First National Bank Central Ca
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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