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Property profile & analytics
OFF-MARKET
Apartment buildings
42 8th St Greenfield, CA 93927-5624
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1873799
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1944
Construction
WOOD
Total area
780 SF
Lot
0.34 ac (15,000 SF)
APN
024-093-016-000
UPID
US09-1873799
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael A Lewis · 12 yrs held
Michael A Lewis
since 2014
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 Greenfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenfield 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
$4,603
Tax year 2023
Assessed value
$292,931
Assessed 2023
Previous assessed
$292,931
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$142,028
Assessed improvement
$150,903
Applied tax rate
8.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1944
Construction
WOOD
Heating
NONE
Buildings
4
Stories
1
Rooms
5
Bathrooms
1
Total area
780 SF
Lot
0.34 ac (15,000 SF)
APN
024-093-016-000
UPID
US09-1873799
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
1944
Construction
WOOD
Heating
NONE
Stories
1
Buildings
4
Rooms
5
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Michael A Lewis
Individual
Free & Clear · 12 yrs held
Mailing address
14 BUCKINGHAM CIR, SALINAS, CA 93906-2176
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2019
—
Steve A Pacheco
—
Deed
related
$50,000 · Melinda L Briggs
Mar 13, 2014
—
Michael A Lewis
Akiyoshi,shigeo
Affidavit Of Death
related
—
Mar 14, 2013
—
Steve A Pacheco
Steve A Pacheco
Intrafamily Transfer
related
$150,000 · David C Hemrick Etal
May 10, 2011
$247,500
Steve A Pacheco
Us Bank NA 2007-3
Grant Deed
$150,000 · Pacific Credit Svcs INC (ct)
May 10, 2011
—
Steve A Pacheco
Preciado,leonor
Grant Deed
related
—
Jan 12, 2010
$298,000
Lehman Brothers Small 2007-2
Fidelity National Title Co
Trustees Deed
related
—
Dec 10, 2007
—
Maria P Gonzalez
Americano,maria
Grant Deed
—
Apr 20, 2007
—
Maria Americano
Americano,felipe
Quit Claim Deed
related
$350,000 · Greenpoint Mortgage Funding
Feb 21, 2001
$215,000
Felipe Americano
Lau,david
Grant Deed
$210,000 · Seller
—
—
Steve A Pacheco
—
Deed Of Trust
related
$50,000 · Melinda L Briggs
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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