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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Office buildings
5 Harris Ct Monterey, CA 93940-5750
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-0046596
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
WOOD
Total area
4,984 SF
Lot
0.07 ac (3,217 SF)
APN
259-051-002-000
UPID
US09-0046596
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
-
Apquip Co General Contractor
-
Tonini Christopher Physician
-
Coast Auto Insurance Services Insurance Agency
-
Rubin Jerome L MD Physician
-
Buckely Radio Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.11M
Owner & transaction history
Three Mels LLC · 1 yrs held
Three Mels LLC
since 2025
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%
$1,245,000
6.5%
$1,150,000
7%
$1,065,000
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$223 / 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
$8,396
Tax year 2023
Assessed value
$739,585
Assessed 2023
Previous assessed
$739,585
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$238,942
Assessed improvement
$500,643
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
2001
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
3
Bathrooms
2
Total area
4,984 SF
Lot
0.07 ac (3,217 SF)
APN
259-051-002-000
UPID
US09-0046596
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
2001
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
3
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Three Mels LLC
Entity
Mailing address
5 HARRIS CT STE B2, MONTEREY, CA 93940-5751
Mailing matches property
Yes
Owner-occupied
Yes
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
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
—
Harris Court Partners
—
Deed
related
$1,014,000 · Peavey Family Trust
Feb 14, 2025
$695,000
Three Mels LLC
Weilian Su
Grant Deed
$556,000 · Bank Of America NA
Aug 31, 2023
$775,000
Monterey County Association Of Real
David M Nico
Grant Deed
$581,000 · Pinncacle Bank
Apr 14, 2021
—
John Hausdorff & Malgorzata Hausdor
—
Deed
related
$769,794 · Monterey Bay Oncology
Mar 2, 2021
—
Roger Shiffman
Roger Shiffman
Deed
related
$2,000,000 · Pinncacle Bank
Nov 30, 2020
$425,000
John,hausdorff & Malgorz Trust
Arina D Golubeva-ganeles
Grant Deed
—
Nov 30, 2020
—
Arina D Golubeva-ganeles
Eugene Ganeles
Quitclaim Deed
related
—
May 1, 2019
—
Olin Holdings LLC
Sierra Instruments INC
Quitclaim Deed
—
Mar 13, 2019
—
Weilian Su
—
Deed
related
$450,000 · Monterey County Bank
Feb 21, 2019
—
Radowicz Family Trust
Radowicz,steven K & Melissa D
Quitclaim Deed
related
—
Sep 4, 2018
—
Shiffman 2007 Family Trust
Shiffman,roger
Quitclaim Deed
related
—
May 19, 2017
—
Roger Shiffman
—
Deed
related
$1,500,000 · Bank Of America
May 17, 2017
—
David M Nico
Nico,david & Marlana
Quitclaim Deed
related
$350,000 · Jp Morgan Chase Bk
Jul 14, 2016
$415,000
David Nico
Villa Family Trust
Grant Deed
$350,000 · Association Of Civil Employers
May 16, 2016
—
Wong,alfred & Lydia Trust 1992
Energy-environment Bldg LLC
Quit Claim Deed
—
Jul 24, 2015
$633,000
Energy-environment Bldg LLC
Buckley,constance H
Grant Deed
—
Jan 17, 2013
—
Constance Buckley
—
Deed Of Trust
related
$3,450,000 · Valley Bank
Sep 28, 2012
—
Constance H Buckley
Buckley,richard D
Affidavit Of Death
related
—
Mar 28, 2006
$997,000
Richard D Buckley JR.
Brown,lynn H
Grant Deed
$797,600 · Bank Of America
Jul 19, 1999
—
Kappler Trust
Kappler,margaret H
Quit Claim Deed
related
—
Dec 4, 1998
—
Margaret H Kappler
Kappler,frank K
Quit Claim Deed
related
—
Dec 4, 1998
$640,000
Brown,lynn H
Harris Court Partners
Trustees Deed
$390,000 · Wells Fargo Bank
Dec 27, 1989
—
Court Par Harris
—
Grant Deed
related
$330,000 · Pacific Western National Bank
—
—
Harris Court Partners
—
Deed Of Trust
related
—
—
—
Richard D Buckley JR.
—
Deed Of Trust
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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