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Property profile & analytics
FOR SALE
Showrooms
299 Lighthouse Ave Monterey, CA 93940
Trust Owned
Free & Clear
Property ID
US09-2532281
For Sale
1 / 16
$3,800,000
299 Lighthouse Ave, Monterey, CA 93940
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1964
Construction
WOOD
Total area
15,964 SF
Lot
0.21 ac (9,000 SF)
APN
001-052-001-000
UPID
US09-2532281
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
-
Mr. Kilowatt Building Supply Electrical Service
-
Poppleton's Fine Furnishings and Interior Design Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.39M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.71M
Owner & transaction history
Poppleton Family Revocable Trust
Poppleton Family Revocable Trust
since 2026
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%
$3,670,000
6.5%
$3,390,000
7%
$3,145,000
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±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
$29,841
Tax year 2023
Assessed value
$2,750,000
Assessed 2023
Previous assessed
$2,750,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$900,000
Assessed improvement
$1,850,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
5
Bathrooms
2
Total area
15,964 SF
Lot
0.21 ac (9,000 SF)
APN
001-052-001-000
UPID
US09-2532281
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
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
5
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Poppleton Family Revocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
299 LIGHTHOUSE AVE, MONTEREY, CA 93940-1416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2026
—
Poppleton Family Revocable Trust
Mike M Poppleton
Deed
related
—
Feb 15, 2008
$2,490,000
Mike M Poppleton
Ward Family Trust
Grant Deed
$1,245,000 · Rabobank
Feb 21, 2001
—
Ward Trust
Ward,nelden H & Claudia
Quit Claim Deed
related
—
May 8, 1989
—
Harold E Leffel
—
Grant Deed
related
$318,750 · Pacific Western National Bank
—
—
Nelden H Ward
—
Deed Of Trust
related
$600,000 · First National Bank Central Ca
—
—
Nelden H Ward
—
Deed Of Trust
related
$180,000 · Ross Trust
—
—
Nelden H Ward JR.
—
Deed Of Trust
related
—
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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