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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Showrooms
434 Alvarado St Monterey, CA 93940-2711
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-2932114
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1975
Construction
WOOD
Total area
3,190 SF
Lot
0.21 ac (9,090 SF)
APN
001-572-010-000
UPID
US10-2932114
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
-
Rosine's Restaurant Restaurant
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$786k
Blend (final)
Blend
$610k
Owner & transaction history
A & J Trust · 9 yrs held
A & J Trust
since 2016
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 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
Method
Estimation
Statistic approach
by Request
ML approach
$370,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$675,000
7%
$630,000
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$191 / 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
$13,875
Tax year 2023
Assessed value
$1,097,578
Assessed 2023
Previous assessed
$1,097,578
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$669,888
Assessed improvement
$427,690
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Rooms
3
Bathrooms
5
Total area
3,190 SF
Lot
0.21 ac (9,090 SF)
APN
001-572-010-000
UPID
US10-2932114
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
1975
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Rooms
3
Bathrooms
5
Lot
0.21 ac
Current owner
From public records · entity-resolved
A & J Trust
Trust
Mailing address
57 CASTRO RD, MONTEREY, CA 93940-4934
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
—
John E Teaby
—
Deed
related
$1,500,000 · Curtis Glimari
Jun 3, 2022
—
John E Teaby
—
Deed
related
$200,000 · Santa Cruz County Bank
Jun 18, 2019
—
A & J Trust
—
Deed
related
$1,550,000 · Rabobank
Dec 22, 2017
—
J,a & Trust
—
Deed
related
$1,350,000 · Rabobank
Sep 19, 2016
—
A & J Trust
Teaby,john E
Quit Claim Deed
related
—
May 27, 2005
$819,500
John E Teaby
Bonifacio Plaza
Grant Deed
$1,100,000 · Affinity Bank
May 27, 2005
—
John E Teaby
Moraz,andrea
Grant Deed
related
—
Apr 4, 2003
—
Teaby,tr
Teaby,tr
Quit Claim Deed
related
—
Nov 21, 1997
—
John E Teaby
Teaby,gregory W
Quit Claim Deed
related
—
—
—
A & J Trust
—
Loan Modification
related
$1,550,000 · Rabobank
—
—
John E Teaby
—
Deed Of Trust
related
$1,150,000 · Nolan R & M J Trust (pt)
—
—
John E Teaby
—
Deed Of Trust
related
$1,250,000 · Rabobank
—
—
J,a & Trust
—
Loan Modification
related
$1,350,000 · Rabobank
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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