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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Warehouses
467 Market St, Salinas, CA 93905-2527
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-0332698
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1945
Construction
TILT-UP CONCRETE
Total area
18,791 SF
Lot
0.73 ac (31,962 SF)
APN
004-011-029-000
UPID
US09-0332698
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
-
Happy & Sweet Bar & Pub
-
Regalos Happy Face Party Supply Store Rental Equipment Company
-
Happymex LLC Warehouse & Storage
-
Communications Angels Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.49M
Owner & transaction history
Sherry Dang · 19 yrs held
Sherry Dang
since 2006
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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±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
$79 / 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
$14,348
Tax year 2023
Assessed value
$1,231,990
Assessed 2023
Previous assessed
$1,231,990
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$612,515
Assessed improvement
$619,475
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
1945
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Rooms
7
Bathrooms
2
Total area
18,791 SF
Lot
0.73 ac (31,962 SF)
APN
004-011-029-000
UPID
US09-0332698
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
1945
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Rooms
7
Bathrooms
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Sherry Dang
Individual
Mailing address
2795 GOLF CIR, ROYAL OAKS, CA 95076-5465
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2017
—
Sherry Dang
—
Deed
related
$812,000 · Gf Cap
Dec 20, 2006
—
Sherry Dang
My Phuong Dang
Intrafamily Transfer
related
$725,000 · Velocity Commercial Capital LLC
Feb 10, 2003
—
S D Tr
Dang,s
Grant Deed
related
—
Oct 4, 2002
$885,000
Sherry Dang
Townsend,clifford L & Betty L
Grant Deed
$570,000 · Sterling Pacific Financial INC
—
—
Cliffor Townsend
—
Deed Of Trust
related
$412,000 · Lighthouse Mortgage
—
—
Sherry Dang
—
Loan Modification
related
$812,000 · Gf Cap
—
—
Dang,tr
—
Deed Of Trust
related
$715,000 · Community Bank Central Ca
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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