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Property profile & analytics
OFF-MARKET
Estimated value
$4,475,000
Investment properties
301 Main St, Salinas, CA 93901-2700
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-0607928
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
TILT-UP CONCRETE
Total area
40,365 SF
Lot
0.14 ac (6,207 SF)
APN
002-233-019-000
UPID
US09-0607928
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
-
Central Coast Auto Sales Car Dealership
-
Medical Marijuana Doctors - 420 Evaluations Salinas Medical Clinic
-
The Car Lot Car Dealership
-
Tarot Card Reading Salinas Spiritual Center
-
Alvarado On Main - Oldtown Salinas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.48M
Owner & transaction history
Blue Larkspur Partners LLC · 1 yrs held
Blue Larkspur Partners LLC
since 2024
Last sale
$4.5M
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 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
$4,060,000
ML approach
$4,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.48M
Range $4.03M – $4.92M · ±10% · vs last sale $4.50M (Nov 29 2022)
Last sale anchor
$4.50M
Nov 29 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
$111 / 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
$123,213
Tax year 2023
Assessed value
$10,340,000
Assessed 2023
Previous assessed
$10,340,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,500,000
Assessed improvement
$7,840,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
7
Units
1
Rooms
94
Bathrooms
14
Total area
40,365 SF
Lot
0.14 ac (6,207 SF)
APN
002-233-019-000
UPID
US09-0607928
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
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
7
Units
1
Rooms
94
Bathrooms
14
Lot
0.14 ac
Current owner
From public records · entity-resolved
Blue Larkspur Partners LLC
Entity
Mailing address
14 SPRECKELS LN, SALINAS, CA 93908-8836
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2024
$1,800,000
Blue Larkspur Partners LLC
301 South Main LLC
Grant Deed
—
Nov 29, 2022
—
301 South Main LLC
Kenneth Eugene Slama
Intrafamily Transfer
related
—
Aug 5, 2022
—
Kenneth Eugene Slama
—
Deed
related
$5,500,000 · 1st Capital Bank
Jun 21, 2022
—
Brad Slama
Grace Slama
Intrafamily Transfer
related
—
Mar 3, 2017
$450,000
Slama,kenneth E Trust
Slama Kenneth E Trust
Grant Deed
related
—
Dec 20, 2016
$4,500,000
Slama,kenneth E Trust
Romo,ramiro & Stella M
Grant Deed
$2,700,000 · Miscellaneous Ins Co
Sep 27, 1989
$2,100,000
Romo,ramiro & St
Mcdonough,blaine
Trustees Deed
—
—
—
Ramiro Romo
—
Deed Of Trust
related
$1,650,000 · Topa Thrift & Loan
—
—
Ramiro Romo
—
Deed Of Trust
related
$88,000 · Community Bank Central Ca
—
—
Ramiro Romo
—
Deed Of Trust
related
$2,188,000 · Rabobank
—
—
Ramiro Romo
—
Deed Of Trust
related
—
—
—
Ramiro Romo
—
Deed Of Trust
related
$1,700,000 · Bank Of Salinas
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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