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Property profile & analytics
OFF-MARKET
Apartment buildings
415 Casa Verde Way Monterey, CA 93940-5256
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-3255229
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1952
Construction
TILT-UP CONCRETE
Total area
1,652 SF
Lot
0.92 ac (40,075 SF)
APN
013-112-030-000
UPID
US09-3255229
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
-
Allegiant Air Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Casa Verde Real Estate Investm · 10 yrs held
Casa Verde Real Estate Investm
since 2015
5 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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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
—
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
$76,007
Tax year 2023
Assessed value
$6,848,972
Assessed 2023
Previous assessed
$6,848,972
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,844,571
Assessed improvement
$4,004,401
Applied tax rate
3.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Rooms
10
Bathrooms
2
Total area
1,652 SF
Lot
0.92 ac (40,075 SF)
APN
013-112-030-000
UPID
US09-3255229
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
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Rooms
10
Bathrooms
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Casa Verde Real Estate Investm
Individual
Mailing address
279 E SAN FERNANDO ST APT #20, SAN JOSE, CA 95112-7450
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2015
—
Casa Verde Real Estate Investm
Jrv Real Estate Investments
Grant Deed
—
Aug 29, 2014
$6,145,000
Jrv Real Estate Investments LLC
Kenneth Y Kai
Grant Deed
$4,178,600 · First Republic Bank
Mar 26, 2013
$4,800,000
Kai Family 1998 Trust
Balbo S A & B L 1995 Trust
Grant Deed
$3,300,000 · Sterling Savings Bank
Dec 15, 1995
—
Balbo Trust
Balbo,salvatore A & Barbara L
Quit Claim Deed
related
—
—
—
Casa Verde Real Estate Investm
—
Loan Modification
related
$4,178,600 · First Republic Bk
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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