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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Warehouses
371 Orange Ave, Sand City, CA 93955-3515
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3206372
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
TILT-UP CONCRETE
Total area
2,500 SF
Lot
0.09 ac (3,750 SF)
APN
011-253-015-000
UPID
US09-3206372
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
$885k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$725k
Owner & transaction history
Edgardo Espinola · 5 yrs held
Edgardo Espinola
since 2020
Last sale
$699,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+174.3%
Office building
$1.0M
+155.4%
Auto repair, garage
$995,000
+146.1%
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 Sand City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sand 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
$840,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$495,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,110,000
Change: +174% · Conversion: Difficult
OFFICE BUILDING
$1,035,000
Change: +155% · Conversion: Difficult
AUTO REPAIR, GARAGE
$995,000
Change: +146% · Conversion: Easy
MEDICAL BUILDING
$775,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +80% · Conversion: Moderate
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $699k (Sep 23 2020)
Last sale anchor
$699k
Sep 23 2020
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
$290 / 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
$7,958
Tax year 2023
Assessed value
$727,239
Assessed 2023
Previous assessed
$727,239
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$312,120
Assessed improvement
$415,119
Applied tax rate
11.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
2,500 SF
Lot
0.09 ac (3,750 SF)
APN
011-253-015-000
UPID
US09-3206372
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
$1.1M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$995,000
MEDICAL BUILDING
Est. value
$775,000
RETAIL STORES
Est. value
$730,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
3
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Edgardo Espinola
Individual
Mailing address
PO BOX 411, SEASIDE, CA 93955-0411
Ownership since
2020
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
Apr 27, 2023
—
Edgardo Espinola
—
Deed
related
$935,000 · David W Goodwin Ira 100011278
Sep 23, 2020
$699,000
Edgardo Espinola
Pipkin Orange Ave LLC
Grant Deed
$400,000 · NA'ama Moran
Apr 21, 2014
—
Hall,k M Family Living Trust
Hall,keith M
Affidavit Of Death
related
—
Nov 26, 2008
—
Pipkin Orange Ave LLC
Pipkin,john W
Quit Claim Deed
—
Apr 30, 2008
—
John W Pipkin
Pipkin J 2006 Family Trust
Quit Claim Deed
related
—
Jan 23, 2006
—
Pipkin John 2006 Family Trust
Pipkin,john
Quit Claim Deed
related
—
Nov 4, 2005
—
John G Pipkin
Hall Fay E 1995 Trust
Grant Deed
—
Jun 1, 1995
—
Hall Trust
Hall,fay E
Quit Claim Deed
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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