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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Warehouses
45 Main St Salinas, CA 93901-2892
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3216595
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Total area
2,835 SF
APN
002-171-021-000
UPID
US09-3216595
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
$585k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Nbs 45 LLC · 1 yrs held
Nbs 45 LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$880,000
+91.1%
Office building
$840,000
+82.7%
Retail stores
$825,000
+79.9%
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
$585,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$460,000
7%
$425,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$460,000
Current use
MEDICAL BUILDING
$880,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$840,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$825,000
Change: +80% · Conversion: Moderate
COMMERCIAL (GENERAL)
$825,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$190 / 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
$14,750
Tax year 2023
Assessed value
$1,247,878
Assessed 2023
Previous assessed
$1,247,878
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$404,507
Assessed improvement
$843,371
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Heating
NONE
Buildings
3
Stories
1
Rooms
4
Bathrooms
6
Total area
2,835 SF
APN
002-171-021-000
UPID
US09-3216595
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
WAREHOUSE, STORAGE Current
Est. value
$460,000
MEDICAL BUILDING
Est. value
$880,000
OFFICE BUILDING
Est. value
$840,000
RETAIL STORES
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$825,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1955
Heating
NONE
Stories
1
Buildings
3
Rooms
4
Bathrooms
6
Current owner
From public records · entity-resolved
Nbs 45 LLC
Entity
Mailing address
1101 STANLEY DOLLAR DR APT #8, WALNUT CREEK, CA 94595-2939
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2025
$2,117,500
Nbs 45 LLC
Gordon Piffero
Grant Deed
$1,270,500 · Citizens Equity First Cu
Apr 23, 2012
—
Piffero 2012 Trust
Piffero,linda S
Quit Claim Deed
related
—
Nov 29, 2011
—
Deborah S Augello
Stevens Maxine D Trust
Grant Deed
related
—
Feb 2, 2011
—
Linda S Piffero
Stevens Maxine D Trust
Grant Deed
—
Jan 13, 2011
—
Robello Joseph L Tr
Stevens,wilbur H
Affidavit Of Death
related
—
Mar 2, 2010
—
Kalber J W & A E Family Trust
Kalber J W & A E Family Trust
Quit Claim Deed
related
—
May 21, 1996
—
Reese,gail T
Edna T Dodge Estate
Trustees Deed
related
—
Apr 11, 1994
—
Mitchell Trust
Mitchell,curtis
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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