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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Office buildings
480 Calle Principal Monterey, CA 93940-2735
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1524136
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1941
Construction
WOOD
Total area
10,173 SF
Lot
0.16 ac (6,945 SF)
APN
001-534-008-000
UPID
US09-1524136
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
-
Nationwide Insurance: Maffei Insurance & Financial Services Insurance Agency
-
The Vintage PhotoBox Photography Service Party Supply Store
-
Mike Steelman Photographers Photography Service (Bike/Boat/Book/etc) Store
-
Happy Otter E-Bikes (Bike/Boat/Book/etc) Store
-
Word Craft Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
$2.35M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$2.11M
Owner & transaction history
H Hugo · 4 yrs held
H Hugo
since 2022
Last sale
$2.1M
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
$1,870,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
$2,540,000
6.5%
$2,345,000
7%
$2,175,000
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $2.10M (Jun 15 2022)
Last sale anchor
$2.10M
Jun 15 2022
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
$207 / 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
$23,993
Tax year 2023
Assessed value
$2,142,000
Assessed 2023
Previous assessed
$2,142,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$765,000
Assessed improvement
$1,377,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
35
Bathrooms
8
Total area
10,173 SF
Lot
0.16 ac (6,945 SF)
APN
001-534-008-000
UPID
US09-1524136
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
1941
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
35
Bathrooms
8
Lot
0.16 ac
Current owner
From public records · entity-resolved
H Hugo
Individual
Mailing address
583 VIEJO RD, CARMEL, CA 93923-9437
Ownership since
2022
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
Jun 15, 2022
$2,100,000
H Hugo
Peter J Coniglio
Grant Deed
$1,260,000 · Santa Cruz County Bank
Jun 15, 2022
—
Peter J Coniglio
Rochelle Trawick
Intrafamily Transfer
related
—
Jul 31, 2013
—
Coniglio Family Trust 2003
Coniglio Family Trust 2003
Quit Claim Deed
related
$1,760,000 · Rabobank
Sep 7, 2012
—
Coniglio Peter J 2003 Trust
Law Building
Grant Deed
—
Oct 4, 2007
—
Law Building
Law Building
Quit Claim Deed
related
—
Oct 29, 2003
—
Coniglio,tr
Coniglio,peter J
Quit Claim Deed
related
—
Nov 19, 1998
—
Law Building
Martin,carmel & Elizabetgh B
Quit Claim Deed
related
—
Aug 24, 1994
—
Peter J Coniglio
Coniglio,peter J
Quit Claim Deed
related
$815,000 · Bank Of America
—
—
Coniglio Peter J 2003 Trust
—
Deed Of Trust
related
$1,739,872 · Monterey County Bank
—
—
Law Building
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
Law Building
—
Deed Of Trust
related
$1,700,000 · Monterey County 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.
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