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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Office buildings
299 Foam St Monterey, CA 93940-1499
Entity Owned
10-yr Hold
Free & Clear
Property ID
US09-3318809
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1991
Construction
WOOD
Total area
7,886 SF
Lot
0.13 ac (5,500 SF)
APN
001-035-001-000
UPID
US09-3318809
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
-
Eyelure Salon Hair Salon Nail Salon
-
Prettyluxuries Clothing & Fashion Store
-
Golden Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$858k
Blend (final)
Blend
$1.33M
Owner & transaction history
Turn 4 Partners LLC · 10 yrs held
Turn 4 Partners LLC
since 2016
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%
$1,970,000
6.5%
$1,815,000
7%
$1,685,000
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±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
$169 / 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
$9,373
Tax year 2023
Assessed value
$824,922
Assessed 2023
Previous assessed
$824,922
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$256,009
Assessed improvement
$568,913
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
1991
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Total area
7,886 SF
Lot
0.13 ac (5,500 SF)
APN
001-035-001-000
UPID
US09-3318809
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
Year built
1991
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Turn 4 Partners LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1420 DEER FLT RD, MONTEREY, CA 93940-4902
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2016
$1,450,000
Turn 4 Partners LLC
Mufg Union Bk NA
Grant Deed
—
Jun 24, 2015
$1,497,300
Mufg Union Bk NA
Td Service Co|waldman Brent R
Trustees Deed
related
—
Aug 22, 2014
—
Waldman,brent R Trust
Waldman,brent R
Quit Claim Deed
related
—
Dec 4, 2006
—
Waldman Brent R Trust
Waldman,brent R
Quit Claim Deed
related
—
Jun 3, 1996
—
Brent R Waldman
Waldman,brent R
Quit Claim Deed
related
$75,000 · Individual
Apr 24, 1996
—
Brent Waldman
Waldman,tamara S
Quit Claim Deed
related
—
Apr 24, 1996
$137,000
Waldman,brent
Blevins,carl
Trustees Deed
related
—
Dec 29, 1995
—
Carl Blevins
Blevins,rhonda K
Quit Claim Deed
related
—
Dec 29, 1995
$137,000
Blevins,carl
Waldman,brent R
Trustees Deed
related
—
Jan 9, 1991
—
Brent R Waldman
—
Grant Deed
related
$1,000,000 · Pacific Western National Bank
Jul 18, 1990
$300,000
Brent R Waldman
Wright,marge P
Grant Deed
$175,000 · Pacific Western National Bank
—
—
Brent R Waldman
—
Deed Of Trust
related
$930,000 · Imperial Thrift & Loan
—
—
Brent R Waldman
—
Deed Of Trust
related
$420,000 · Comerica Bank
—
—
Brent R Waldman
—
Deed Of Trust
related
$1,200,000 · San Benito Bank
—
—
Brent R Waldman
—
Deed Of Trust
related
$24,000 · Pacific Western National Bank
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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