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Property profile & analytics
OFF-MARKET
Estimated value
$37,725,000
Retail properties & Spaces
420 Espinosa Rd, Salinas, CA 93907-8894
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1683931
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Lot
100.17 ac (4,363,405 SF)
APN
253-012-044-000
UPID
US09-1683931
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
-
Altman Plants Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$37.73M
Owner & transaction history
New Branches LLC · 4 yrs held
New Branches LLC
since 2022
Last sale
$39.0M
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 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
$35,180,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$37.73M
Range $33.95M – $41.50M · ±10% · vs last sale $39.00M (Jan 31 2022)
Last sale anchor
$39.00M
Jan 31 2022
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
—
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
$451,493
Tax year 2023
Assessed value
$39,048,148
Assessed 2023
Previous assessed
$39,048,148
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$8,896,440
Assessed improvement
$30,151,708
Applied tax rate
122.0000
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
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Heating
NONE
Lot
100.17 ac (4,363,405 SF)
APN
253-012-044-000
UPID
US09-1683931
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
Heating
NONE
Lot
100.17 ac
Current owner
From public records · entity-resolved
New Branches LLC
Entity
Mailing address
3742 BLUE BIRD CYN RD, VISTA, CA 92084-7432
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
—
New Branches LLC
—
Deed
related
—
Jan 10, 2025
—
New Branches LLC
—
Deed
related
—
Jan 31, 2022
$39,000,000
New Branches LLC
Sakata Seed America INC
Grant Deed
$51,612,000 · Rabo Agrifinance INC
Jun 13, 2013
—
Color Spot Nurseries INC
—
Loan Modification
related
$106,000,000 · Wells Fargo Bank
Oct 23, 1998
—
Color Spot Nurseries INC
—
Deed Of Trust
related
$70,000,000 · Fleet Capital Corp Trustee
May 16, 1994
$3,000,000
Sakata Seed America INC
Sunnyside Nurser
Grant Deed
—
—
—
Color Spot Nurseries INC
—
Deed Of Trust
related
$70,000 · Bank Of America
—
—
Nurser Sunnyside
—
Deed Of Trust
related
—
—
—
Nurser Sunnyside
—
Deed Of Trust
related
$1,000,000 · Sumitomo Bank
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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