Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,835,000
Apartment buildings
436 Noice Dr Salinas, CA 93906-2862
Entity Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1841594
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1978
Construction
WOOD
Total area
15,750 SF
Lot
5.32 ac (231,739 SF)
APN
261-661-006-000
UPID
US09-1841594
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
-
Pointe at Northridge Apartment Complex Apartment Building
-
Freddy Landscaping - Quality & Affordable Landscaping - Professional Landscaping Contractor Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
Cmp-1 LLC · 29 yrs held
Cmp-1 LLC
since 1996
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.3M
+12.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,225,000
6.5%
$3,900,000
7%
$3,620,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,600,000
Current use
AUTO REPAIR, GARAGE
$6,280,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,975,000
Change: -11% · Conversion: Moderate
MEDICAL BUILDING
$4,875,000
Change: -13% · Conversion: Moderate
OFFICE BUILDING
$4,620,000
Change: -18% · Conversion: Moderate
RETAIL STORES
$4,590,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.84M
Range $3.45M – $4.22M · ±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
$243 / 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
$60,398
Tax year 2023
Assessed value
$5,141,218
Assessed 2023
Previous assessed
$5,141,218
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,203,453
Assessed improvement
$3,937,765
Applied tax rate
5.0000
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
1978
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
18
Rooms
90
Bathrooms
18
Total area
15,750 SF
Lot
5.32 ac (231,739 SF)
APN
261-661-006-000
UPID
US09-1841594
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
18
Rooms
90
Bathrooms
18
Lot
5.32 ac
Current owner
From public records · entity-resolved
Cmp-1 LLC
Entity
Mailing address
1745 SHEA CTR DR STE #200, HIGHLANDS RANCH, CO 80129-1540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 1996
—
Cmp-1 LLC
Coastal Monterey Properties
Trustees Deed
$45,000,000 · Midland Loan Services LP
—
—
Thysen Trust
—
Deed Of Trust
related
$4,800,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 436 Noice Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
