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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Industrial properties
5 Harris Ct Monterey, CA 93940-5750
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3724317
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Lot
0.03 ac (1,294 SF)
APN
259-051-001-000
UPID
US09-3724317
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
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$960k
Owner & transaction history
Monterey County Association Of Real · 2 yrs held
Monterey County Association Of Real
since 2023
Last sale
$775,000
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
$1,270,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $775k (Aug 31 2023)
Last sale anchor
$775k
Aug 31 2023
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
—
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
$5,088
Tax year 2023
Assessed value
$462,937
Assessed 2023
Previous assessed
$462,937
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$167,326
Assessed improvement
$295,611
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Heating
NONE
Units
1
Lot
0.03 ac (1,294 SF)
APN
259-051-001-000
UPID
US09-3724317
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
Heating
NONE
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Monterey County Association Of Real
Entity
Mailing address
5 HARRIS CT, MONTEREY, CA 93940-5750
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Aug 31, 2023
$775,000
Monterey County Association Of Real
David M Nico
Grant Deed
$581,000 · Pinncacle Bank
May 17, 2017
—
David M Nico
Nico,david & Marlana
Quit Claim Deed
related
—
Jul 14, 2016
$415,000
David Nico
Villa Family Trust
Grant Deed
$350,000 · Association Of Civil Employers
Sep 30, 2005
$2,121,500
Roger Shiffman
Maswerte Co INC
Grant Deed
—
Dec 26, 2000
—
Villa Trust
Villa,daniel & Helen
Quit Claim Deed
related
—
Aug 28, 1995
$25,000
Villa Daniel & Helen
Kelly,deborah K
Trustees Deed
—
Aug 28, 1995
—
Kelly,deborah K
Krolick,john
Trustees Deed
related
—
Apr 17, 1990
$254,500
John Krolick
Harris,ct Partne
Grant Deed
$195,000 · Wells Fargo Bank
Dec 27, 1989
—
Court Par Harris
—
Grant Deed
related
$330,000 · Pacific Western National Bank
—
—
Daniel Villa
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
—
—
David M Rico
—
Deed Of Trust
related
$350,000 · Jp Morgan Chase Bk
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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