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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Showrooms
301 Lighthouse Ave Monterey, CA 93940-1461
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0620362
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1986
Construction
WOOD
Total area
4,716 SF
Lot
0.14 ac (6,000 SF)
APN
001-051-002-000
UPID
US09-0620362
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
-
DNA Entertainment Nightclub Music Venue
-
Monterey Event Lighting Party Supply Store Rental Equipment Company
-
The Perfect Crumb Bakery Inc. Bakery Specialty Food Shop
-
Monterey Tent Rentals Rental Equipment Company
-
Chic Events Rentals Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.61M
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.62M
Owner & transaction history
Gazar Properties LLC · 3 yrs held
Gazar Properties LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+8.5%
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
$1,605,000
ML approach
$1,610,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,365,000
Current use
OFFICE BUILDING
$2,565,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.80M (Sep 21 2022)
Last sale anchor
$1.80M
Sep 21 2022
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
$344 / 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
$19,705
Tax year 2023
Assessed value
$1,800,000
Assessed 2023
Previous assessed
$1,800,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$800,000
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
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Total area
4,716 SF
Lot
0.14 ac (6,000 SF)
APN
001-051-002-000
UPID
US09-0620362
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
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1986
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Gazar Properties LLC
Entity
Mailing address
25840 HATTON RD, CARMEL, CA 93923-8231
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
$1,800,000
Gazar Properties LLC
301 Lighthouse Avenue LLC
Grant Deed
$1,350,000 · 1st Capital Bank
Mar 1, 2018
—
301 Lighthouse Avenue LLC
—
Deed
related
$250,000 · Staedler Family Trust (pt)
Jul 12, 1999
—
301 Lighthouse Avenue LLC
Staedler,christopher F
Grant Deed
related
—
Apr 15, 1999
$624,000
Staedler,christopher P
James,belle
Trustees Deed
$550,000 · Staedler Trust
Apr 15, 1999
—
Staedler,christopher P
Leslie-groves,laurie
Trustees Deed
related
—
—
—
Lighthouse Avenue LLC
—
Deed Of Trust
related
$550,000 · First National Bank N Ca
—
—
301 Lighthouse Avenue LLC
—
Deed Of Trust
related
$250,000 · Staedler Family Trust (pt)
—
—
301 Lighthouse Avenue LLC
—
Deed Of Trust
related
$500,000 · Rabobank
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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