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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
324 Bassett St King City, CA 93930-2902
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-1132150
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
WOOD
Total area
2,284 SF
Lot
0.16 ac (7,153 SF)
APN
026-194-011-000
UPID
US09-1132150
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
-
La Fuente Market (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$380k
Blend (final)
Blend
$525k
Owner & transaction history
Nicolas Garcia Perez · 2 yrs held
Nicolas Garcia Perez
since 2023
Last sale
$523,000
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
Method
Estimation
Statistic approach
$530,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$870,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $523k (Nov 14 2023)
Last sale anchor
$523k
Nov 14 2023
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
$230 / 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
$5,903
Tax year 2023
Assessed value
$482,308
Assessed 2023
Previous assessed
$482,308
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$241,154
Assessed improvement
$241,154
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
9
Total area
2,284 SF
Lot
0.16 ac (7,153 SF)
APN
026-194-011-000
UPID
US09-1132150
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)
Est. value
$870,000
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
1970
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
9
Lot
0.16 ac
Current owner
From public records · entity-resolved
Nicolas Garcia Perez
Individual
Free & Clear · 2 yrs held
Mailing address
51160 PNE CYN RD, KING CITY, CA 93930-9616
Ownership since
2023
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
Nov 14, 2023
—
Nicolas Garcia Perez
Nicolas Garcia Perez
Intrafamily Transfer
related
—
Jul 19, 2023
$523,000
Nicolas Garcia Perez
Josefina Garcia
Grant Deed
$272,000 · Pinncacle Bank
Sep 26, 2007
$320,000
Gerardo Garcia
Garcia,gerardo & Josefina
Grant Deed
related
$360,000 · Interbay Funding LLC
Jun 29, 2005
$360,000
Gerardo Garcia
Aguilar,filiberto & Dolores
Grant Deed
—
Oct 10, 2003
$290,000
Filiberto Aguilar
Stephanie Drive Partners
Grant Deed
$177,684 · Stephanie Drive Partners
Oct 2, 1990
$195,000
Stephanie Drive
Brashears,& Metz
Trustees Deed
$110,000 · Individual
—
—
Stephanie Drive Partners
—
Deed Of Trust
related
$107,000 · Behen Trust
—
—
Stephanie Drive
—
Deed Of Trust
related
—
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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