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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Medical Office Space
44 Acacia St, Salinas, CA 93901-2433
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2924286
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1961
Construction
WOOD
Total area
2,686 SF
Lot
0.26 ac (11,202 SF)
APN
002-434-027-000
UPID
US09-2924286
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
-
DAVID ALLEN LITMAN Physician
-
Banks Chiropractic Offices Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$816k
Blend (final)
Blend
$735k
Owner & transaction history
Blue 44 LLC · 5 yrs held
Blue 44 LLC
since 2021
Last sale
$718,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+28.8%
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
$980,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$830,000
Current use
AUTO REPAIR, GARAGE
$1,070,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$795,000
Change: -4% · Conversion: Easy
RETAIL STORES
$785,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$780,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $718k (Jun 11 2021)
Last sale anchor
$718k
Jun 11 2021
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
$274 / 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
$8,737
Tax year 2023
Assessed value
$746,616
Assessed 2023
Previous assessed
$746,616
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$416,160
Assessed improvement
$330,456
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
2,686 SF
Lot
0.26 ac (11,202 SF)
APN
002-434-027-000
UPID
US09-2924286
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
MEDICAL BUILDING Current
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$795,000
RETAIL STORES
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$780,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1961
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Blue 44 LLC
Entity
Mailing address
1818 MT DIABLO BLVD, WALNUT CREEK, CA 94596-4481
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2021
$718,000
Blue 44 LLC
Maurice M Javier
Grant Deed
$358,813 · First Bank
Jun 11, 2021
—
Maurice M Javier
Maurice M Javier
Affidavit Of Death Of Joint Tenant
related
$287,050 · First Bank
Feb 1, 2021
—
Maurice M Javier
Lourdes Andres Javier Ma
Intrafamily Transfer
related
—
Aug 31, 2017
$584,000
Lourdes Andres Javier Ma
Bruce Jan Banks
Grant Deed
$467,200 · Jpmorgan Chase Bank NA
Aug 31, 2017
—
Maria L A Javier
Javier,maurice M
Quit Claim Deed
related
—
Jul 20, 2011
—
Bruce J Banks
Banks G B Family Living Trust
Quit Claim Deed
related
—
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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