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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Apartment buildings
300 Maple St, Salinas, CA 93901-4153
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US10-2193538
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
FRAME
Total area
2,636 SF
Lot
0.25 ac (11,001 SF)
APN
002-471-066-000
UPID
US10-2193538
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
$370k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Miller,paul L 2002 Trust · 7 yrs held
Miller,paul L 2002 Trust
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$815,000
+40.6%
Office building
$780,000
+34.3%
Retail stores
$770,000
+32.3%
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 Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas 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
$370,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$580,000
Current use
MEDICAL BUILDING
$815,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$780,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$770,000
Change: +32% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$211 / 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
$16,772
Tax year 2023
Assessed value
$1,447,353
Assessed 2023
Previous assessed
$1,447,353
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$525,377
Assessed improvement
$921,976
Applied tax rate
5.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1966
Construction
FRAME
Heating
ELECTRIC
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
2,636 SF
Lot
0.25 ac (11,001 SF)
APN
002-471-066-000
UPID
US10-2193538
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$580,000
MEDICAL BUILDING
Est. value
$815,000
OFFICE BUILDING
Est. value
$780,000
RETAIL STORES
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$765,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (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
1966
Construction
FRAME
Heating
ELECTRIC
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Miller,paul L 2002 Trust
Trust
Mailing address
888 MUNRAS AVE #200, MONTEREY, CA 93940-3112
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
—
Paul L Miller
—
Deed
related
$2,750,000 · 1st Capital Bank
Jun 14, 2019
$3,550,000
Miller,paul L 2002 Trust
Chung Family Trust
Grant Deed
$2,307,500 · Chung Family Trust (pt)
Nov 1, 2018
—
Kwon Family Trust
Chung,sook K
Affidavit Of Death
related
—
Oct 9, 2018
—
Chung Family Trust
Chung,sook K
Affidavit Of Death
related
—
—
—
Oh T Kwon
—
Deed Of Trust
related
$350,000 · World Savings & Loan
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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