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Property profile & analytics
OFF-MARKET
Automotive properties
304-306 1st St, King City, CA 93930
Entity Owned
~
Est. High Equity
Property ID
US09-2338005
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1927
Construction
WOOD
Total area
3,200 SF
Lot
0.17 ac (7,500 SF)
APN
026-241-008-000
UPID
US09-2338005
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lomeli Property 1 LLC
Lomeli Property 1 LLC
since 2025
Last sale
$1.5M
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 King City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs King City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,235
Tax year 2023
Assessed value
$172,901
Assessed 2023
Previous assessed
$172,901
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$111,550
Assessed improvement
$61,351
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Rooms
5
Bathrooms
2
Total area
3,200 SF
Lot
0.17 ac (7,500 SF)
APN
026-241-008-000
UPID
US09-2338005
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
1927
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Rooms
5
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lomeli Property 1 LLC
Entity
Mailing address
PO BOX 663, KING CITY, CA 93930-0663
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
$1,545,000
Lomeli Property 1 LLC
Crown Holding Company LLC
Grant Deed
$772,500 · West Coast Community Bank
Sep 24, 2021
—
Crown Holding Company LLC
Thomas Raul Salcido
Grant Deed
—
Oct 28, 2020
—
Thomas Raul Salcido
—
Deed
related
$700,000 · Pacific Valley Bank
Dec 29, 2016
—
Salcido Family 2003 Trust
—
Deed
related
$400,000 · Thorp 1984 Trust (rt)
Sep 30, 2016
$235,000
Salcido 2003 Family Trust
Lockwood L 1997 Trust
Grant Deed
$135,000 · Lockwood L 1997 Trust (rt)
Dec 31, 2014
—
Hawkes,chung S Trust
Hawkes,chung S
Quit Claim Deed
related
—
May 7, 2014
$75,000
Richard P Esterly JR.
Saunders Co
Trustees Deed
related
—
Apr 6, 2006
—
Louie C Rocha
Rocha,louis C & Gwen S
Quit Claim Deed
related
—
—
—
Salcido Family 2003 Trust
—
Deed Of Trust
related
$400,000 · Thorp 1984 Trust (rt)
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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