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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office buildings
49 San Miguel Ave, Salinas, CA 93901-3062
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-1406603
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
WOOD
Total area
2,900 SF
Lot
0.24 ac (10,401 SF)
APN
002-651-045-000
UPID
US09-1406603
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
-
Family Medical Clinic: Gary Garcia MD Medical Clinic
-
Whitmore Distributing Food Market Specialty Food Shop
-
Main Street Art Studio & Gallery Art Studio Airbrushing Service
-
Family 1st Health Care Medical Clinic
-
Family 1st Health Care (Gary S. Garcia, MD) Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$600k
Blend (final)
Blend
$690k
Owner & transaction history
Garcia,gary M & Maria P F Trust · 7 yrs held
Garcia,gary M & Maria P F Trust
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$900,000
+4.6%
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%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$860,000
Current use
MEDICAL BUILDING
$900,000
Change: +5% · Conversion: Easy
RETAIL STORES
$845,000
Change: -2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$845,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$238 / 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
$8,596
Tax year 2023
Assessed value
$734,456
Assessed 2023
Previous assessed
$734,456
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$418,158
Assessed improvement
$316,298
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
4
Total area
2,900 SF
Lot
0.24 ac (10,401 SF)
APN
002-651-045-000
UPID
US09-1406603
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
OFFICE BUILDING Current
Est. value
$860,000
MEDICAL BUILDING
Est. value
$900,000
RETAIL STORES
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$845,000
OFFICE BUILDING Current
MEDICAL 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
1978
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
Garcia,gary M & Maria P F Trust
Trust
Mailing address
22615 OAK CYN RD, SALINAS, CA 93908-9690
Ownership since
2019
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
Feb 28, 2019
$685,000
Garcia,gary M & Maria P F Trust
Small Patrick J Living Trust
Grant Deed
$585,000 · Randolph L Levin
Jul 8, 2011
—
Small Patrick J Living Trust
Small Family Trust
Quit Claim Deed
related
—
Jan 21, 2011
—
Small Patrick J Living Trust
Small,patrick J & Laura L
Quit Claim Deed
related
—
Dec 9, 1994
—
Small Trust
Small,patrick J & Laura L
Quit Claim Deed
related
$125,000 · Strock Mcpherson
—
—
Small Trust
—
Deed Of Trust
related
$110,000 · Community Bank Central Ca
—
—
Small Trust
—
Deed Of Trust
related
$177,000 · Bank Of Salinas
—
—
Small Trust
—
Deed Of Trust
related
$182,000 · Wells Fargo Bank
—
—
Small Family Trust
—
Deed Of Trust
related
$642,020 · Rabobank
—
—
Small,tr
—
Deed Of Trust
related
$150,000 · Community Bank Central Ca
—
—
Small Patrick J Living Trust
—
Deed Of Trust
related
$569,112 · Rabobank
—
—
Small Trust
—
Deed Of Trust
related
$75,000 · Bank Of Salinas
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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