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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Showrooms
367 Main St Salinas, CA 93901
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US10-3261608
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1940
Construction
TILT-UP CONCRETE
Total area
17,820 SF
Lot
0.14 ac (6,200 SF)
APN
002-233-009-000
UPID
US10-3261608
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
$3.62M
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$3.32M
Owner & transaction history
Gloria Ann Garing · 12 yrs held
Gloria Ann Garing
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.5M
+6.5%
Office building
$5.3M
+1.8%
Retail stores
$5.2M
+0.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,920,000
6.5%
$3,620,000
7%
$3,360,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,185,000
Current use
MEDICAL BUILDING
$5,520,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$5,275,000
Change: +2% · Conversion: Easy
RETAIL STORES
$5,195,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10%
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
$186 / 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
$37,526
Tax year 2023
Assessed value
$3,012,000
Assessed 2023
Previous assessed
$3,012,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$750,000
Assessed improvement
$2,262,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Units
11
Rooms
10
Bathrooms
6
Total area
17,820 SF
Lot
0.14 ac (6,200 SF)
APN
002-233-009-000
UPID
US10-3261608
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
$5.2M
MEDICAL BUILDING
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.3M
RETAIL STORES
Est. value
$5.2M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Units
11
Rooms
10
Bathrooms
6
Lot
0.14 ac
Current owner
From public records · entity-resolved
Gloria Ann Garing
Individual
Mailing address
PO BOX 222778, CARMEL, CA 93922-2778
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2023
—
Gloria Ann Garing
—
Deed
related
$235,860 · Santa Cruz County Bank
May 14, 2014
—
Gloria Ann Garing
Gloria Ann Garing
Intrafamily Transfer
related
$200,000 · Santa Cruz County Bank
Jun 14, 2013
—
Kelli R King
Henderson,kelli R
Quit Claim Deed
related
$263,813 · Santa Cruz County Bank
Aug 7, 2006
$176,500
Garing Ward C & Gloria A Trust
Takemoto,corinne
Grant Deed
$56,300 · Corinne Takemoto
Jul 18, 2006
—
Ward C Garing
Garing Family Trust
Quit Claim Deed
related
—
Dec 28, 2005
—
Ward C Garing
Wilson,jerelyn G
Affidavit Of Death
related
—
Oct 11, 2002
$925,000
Garing,tr
Slama,kenneth & Pattie J
Grant Deed
—
Aug 23, 2002
$1,250,000
Garing,tr
Slama,kenneth & Pattie J
Grant Deed
—
Jul 20, 1998
$480,000
Kenneth Slama
Fickewirth,herman G & Miriam S
Grant Deed
—
Jan 6, 1997
—
Sanchez Trust
Sanchez,ruben & Margaret
Quit Claim Deed
related
—
Nov 30, 1990
$238,000
Fickewirth,herma
Arpple INC
Trustees Deed
related
—
—
—
Kenneth Slama
—
Deed Of Trust
related
$10,000 · Redevelopment Agency Salinas
—
—
Garing,tr
—
Deed Of Trust
related
$395,000 · First National Bank Central Ca
—
—
Arpple INC
—
Deed Of Trust
related
$40,000 · Individual
—
—
Kenneth Slama
—
Deed Of Trust
related
$200,000 · First National Bank Central Ca
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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