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Property profile & analytics
FOR LEASE
Investment properties
3771 Rio Rd Carmel, CA 93923
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-2609255
For Lease
1 / 3
$24 SF/Yr
3771 Rio Rd, Carmel, CA 93923
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2000
Total area
33,994 SF
Lot
0.67 ac (29,185 SF)
APN
015-012-069-000
UPID
US09-2609255
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
-
Monterey eSolutions Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Megan Larson, MSW, LCSW Play Therapy Mindful support for children & teens Mental Health Service Psychotherapist
-
Allure Event Rentals, Photobooth, and Lighting Party Supply Store Rental Equipment Company
-
E Luxury Cleaning & Janitorial General Contractor
-
Patton Ridgeway (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.12M
Owner & transaction history
Alan R Porter · 11 yrs held
Alan R Porter
since 2014
4 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 Carmel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmel 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
$121 / 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
$119,264
Tax year 2023
Assessed value
$7,953,413
Assessed 2023
Previous assessed
$7,953,413
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$2,599,153
Assessed improvement
$5,354,260
Applied tax rate
60.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2000
Heating
NONE
Stories
3
Units
1
Total area
33,994 SF
Lot
0.67 ac (29,185 SF)
APN
015-012-069-000
UPID
US09-2609255
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
2000
Heating
NONE
Stories
3
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Alan R Porter
Individual
Mailing address
PO BOX 5460, SANTA BARBARA, CA 93150-5460
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2014
$6,885,000
Alan R Porter
K & M Properties LLC
Grant Deed
—
Jan 7, 2000
—
K & M Properties LLC
Mockett,john H & Kazuko H
Grant Deed
$3,700,000 · First National Bank Central Ca
Jun 12, 1996
—
Kline Family Limited
Kline,melvin B
Quit Claim Deed
related
—
May 24, 1996
—
Mildred E Kline
Kline,melvin B & Mildred 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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