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Property profile & analytics
OFF-MARKET
Estimated value
$14,035,000
Office buildings
2959 Salinas Hwy, Monterey, CA 93940-6400
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-1855059
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Total area
59,000 SF
Lot
5.63 ac (245,243 SF)
APN
013-221-019-000
UPID
US09-1855059
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.60M
Comparable Approach
Comparable
$15.22M
Blend (final)
Blend
$14.04M
Owner & transaction history
Timber Rings Tree Co · 1 yrs held
Timber Rings Tree Co
since 2024
5 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%
$14,725,000
6.5%
$13,595,000
7%
$12,625,000
Blend value · Realmo final
$14.04M
Range $12.63M – $15.44M · ±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
$238 / 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
$159,720
Tax year 2023
Assessed value
$14,640,268
Assessed 2023
Previous assessed
$14,640,268
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,977,678
Assessed improvement
$11,662,590
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
Heating
NONE
Units
1
Total area
59,000 SF
Lot
5.63 ac (245,243 SF)
APN
013-221-019-000
UPID
US09-1855059
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
5.63 ac
Current owner
From public records · entity-resolved
Timber Rings Tree Co
Entity
Free & Clear · 1 yrs held
Mailing address
20600 CHAGRIN BLVD STE #430, SHAKER HEIGHTS, OH 44122-5340
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
Timber Rings Tree Co
Gunilda Acquisitions LLC
Grant Deed
—
May 31, 2023
—
Calvary Chapel Monterey Bay
—
Deed
related
$1,800,000 · Pinnacle Bank
Oct 27, 2017
—
Calvary Chapel Monterey Bay
—
Deed
related
$250,000 · Pinnacle Bk
Sep 9, 2009
$11,800,000
Gunilda Acquisitions LLC
Castle & Cooke Monterey LLC
Grant Deed
—
Apr 10, 2006
$7,000,000
Castle & Cooke Monterey LLC
Security Insurance Co Of Hartford
Grant Deed
—
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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