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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Retail space
440 Alvarado St Monterey, CA 93940
Trust Owned
14-yr Hold
Free & Clear
Property ID
US09-0950591
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
WOOD
Total area
7,601 SF
Lot
0.31 ac (13,596 SF)
APN
001-572-009-000
UPID
US09-0950591
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
$736k
Blend (final)
Blend
$1.19M
Owner & transaction history
Pasquale Family Trust · 14 yrs held
Pasquale Family Trust
since 2011
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±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
$157 / 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
$15,031
Tax year 2023
Assessed value
$1,243,983
Assessed 2023
Previous assessed
$1,243,983
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$483,592
Assessed improvement
$760,391
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
17
Bathrooms
1
Total area
7,601 SF
Lot
0.31 ac (13,596 SF)
APN
001-572-009-000
UPID
US09-0950591
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
1970
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
17
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Pasquale Family Trust
Trust
Free & Clear · 14 yrs held
Mailing address
801 LIGHTHOUSE AVE STE #109, MONTEREY, CA 93940-1047
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2011
—
Pasquale Family Trust
Pasquale,rose M
Quit Claim Deed
—
Nov 17, 2009
—
Maria R Lamb
Aliotti,ann R
Affidavit Of Death
related
—
Jul 16, 2009
—
Cattermoul Patricia R Trust
Littlefield,patricia R
Grant Deed
related
—
Jan 16, 2007
—
Mazzei Hughes 2007 Trust
Hughes,susan W
Quit Claim Deed
—
Jan 25, 2006
—
Susan W Hughes
Hughes Mary B Trust
Quit Claim Deed
related
—
Feb 1, 2005
—
Catania Trust B
Catania Trust
Quit Claim Deed
related
—
Jan 8, 2004
—
Catherine R Craft
Craft,charles N Tr
Quit Claim Deed
related
—
Jul 24, 2002
—
Aliotti Trust
Aliotti,anna R
Quit Claim Deed
related
—
Apr 21, 2000
—
Craft Trust
Craft,charles N
Quit Claim Deed
related
—
Apr 18, 2000
—
Charles N Craft
Craft Trust
Quit Claim Deed
related
—
Jan 31, 1995
—
Craft Trust
Craft,charles N
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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