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Property profile & analytics
OFF-MARKET
Estimated value
$4,940,000
Office buildings
318 Cayuga St, Salinas, CA 93901-2668
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-3124145
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Lot
0.27 ac (11,700 SF)
APN
002-322-016-000
UPID
US10-3124145
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
-
Diaz E. Soren Law Firm
-
Sullivan James W Law Firm
-
Sullivan Bradley W Law Firm
-
JRG Attorneys at Law Law Firm
-
L+G, LLP Attorneys At Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.94M
Owner & transaction history
Jrg Leasing II LLC · 5 yrs held
Jrg Leasing II LLC
since 2021
Last sale
$4.2M
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
$5,680,000
ML approach
$5,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.94M
Range $4.45M – $5.43M · ±10% · vs last sale $4.16M (Feb 5 2021)
Last sale anchor
$4.16M
Feb 5 2021
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
—
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
$53,096
Tax year 2023
Assessed value
$4,328,064
Assessed 2023
Previous assessed
$4,328,064
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,040,400
Assessed improvement
$3,287,664
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Heating
NONE
Units
1
Lot
0.27 ac (11,700 SF)
APN
002-322-016-000
UPID
US10-3124145
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
Heating
NONE
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Jrg Leasing II LLC
Entity
Mailing address
318 CAYUGA ST, SALINAS, CA 93901-2668
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2021
$4,160,000
Jrg Leasing II LLC
Jeffery R Gilles
Grant Deed
$2,450,522 · Pacific Valley Bank
Nov 12, 2019
—
Jeffery R Gilles
Jeffery R Gilles
Correction Deed
related
—
Sep 23, 2019
—
Jeffe R Gilles
Jeffery R Gilles
Intrafamily Transfer
related
$2,530,000 · Pacific Valley Bank
Nov 23, 2016
—
Jeffery R Gilles
—
Deed
related
$2,600,000 · First Cap Bk
Dec 16, 2008
—
Jeffery R Gilles
Gilles,susan D
Quit Claim Deed
$2,359,788 · Rabobank
Apr 13, 2006
—
Derinda L Messenger
Messenger,thomas
Quit Claim Deed
related
—
Apr 13, 2006
$3,450,000
Jeffery R Gilles
Lombardo Leasing Co LLC
Grant Deed
$2,587,500 · Community Bank Of Central Californi
Jul 2, 1998
—
Lombardo Leasing Co LLC
Higashi Trust
Deed Of Trust
related
$1,864,000 · Wells Fargo Bank
Apr 24, 1998
—
Higashi Trust
R M INC/courthouse Square
Grant Deed
related
—
—
—
Lombardo Leasing Co LLC
—
Deed Of Trust
related
$530,000 · Bank Of Salinas
—
—
Jeffery R Gilles
—
Loan Modification
related
$2,600,000 · First Cap Bk
—
—
Jeffery R Gilles
—
Loan Modification
related
$450,000 · First Cap Bk
—
—
R M INC Courthou
—
Deed Of Trust
related
$1,275,000 · Wells Fargo Bank
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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