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Property profile & analytics
OFF-MARKET
Estimated value
$5,580,000
Industrial properties
5 Mandeville Ct Monterey, CA 93940-5745
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0620367
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1992
Construction
TILT-UP CONCRETE
Total area
29,375 SF
Lot
3.51 ac (152,896 SF)
APN
259-031-050-000
UPID
US09-0620367
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
-
DeVeera, Inc. IT Consulting Firm (Bike/Boat/Book/etc) Store
-
VitalScribe Medical Transcription Service
-
Monterey Peninsula Foundation Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.45M
Comparable Approach
Comparable
$6.27M
Blend (final)
Blend
$5.58M
Owner & transaction history
California American Water Company · 1 yrs held
California American Water Company
since 2025
Last sale
$5.3M
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%
$5,905,000
6.5%
$5,450,000
7%
$5,060,000
Blend value · Realmo final
$5.58M
Range $5.02M – $6.14M · ±10% · vs last sale $5.30M (Feb 19 2025)
Last sale anchor
$5.30M
Feb 19 2025
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
$190 / 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
$44,189
Tax year 2023
Assessed value
$3,991,805
Assessed 2023
Previous assessed
$3,991,805
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,312,374
Assessed improvement
$2,679,431
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
Year built
1992
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
26
Bathrooms
8
Total area
29,375 SF
Lot
3.51 ac (152,896 SF)
APN
259-031-050-000
UPID
US09-0620367
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
1992
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
26
Bathrooms
8
Lot
3.51 ac
Current owner
From public records · entity-resolved
California American Water Company
Entity
Mailing address
200 CLOCK TOWER PL STE B100, CARMEL, CA 93923-8659
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2025
$5,300,000
California American Water Company
Mandeville Re LLC
Grant Deed
—
Dec 20, 2018
—
Mandeville Re LLC
—
Trustees Deed
related
$4,725,000 · First Citizens Bk
May 25, 2018
$3,650,000
Mandeville Re LLC
Osm Mandeville LP
Grant Deed
—
Feb 14, 2018
—
Osm Mandeville LP
—
Deed
related
$1,500,000 · Wells Fargo Bank NA
Jan 10, 2018
—
Osm Mandeville LP
Osm Loan Acquisitions Ix LP
Quit Claim Deed
—
Sep 18, 2017
$3,073,637
Osm Loan Acquisitions Ix LP
Peak Foreclosure Services INC
Grant Deed
related
—
Mar 10, 2017
—
Duncan Mccarter
—
Deed
related
$55,000 · Private Individual
Jun 27, 2014
—
Duncan L Mccarter
Manzo J H & R 1993 Trust
Quit Claim Deed
—
May 19, 2014
$400,000
Manzo,joseph H & R 1993 Trust
Five Mandeville Court LLC
Grant Deed
—
Jul 19, 2006
—
Five Mandeville Court LLC
Advantacare Health Partners
Grant Deed
—
Jun 5, 2002
$3,286,500
Advantacare Health Partners LP
1193 Partnership
Grant Deed
$3,000,000 · First National Bank Central Ca
Jul 9, 1999
$13,500
1193 Partnership
Nizet,andre
Grant Deed
$400,000 · First National Bank Central Ca
Apr 16, 1999
$413,000
Nizet,andre
Poncelet,bernard
Trustees Deed
—
Apr 16, 1999
—
Bernard Poncelet
Poncelet,sidney
Quit Claim Deed
related
—
Mar 29, 1999
—
Nizet,andre
Poncelet,bernard
Trustees Deed
related
—
Sep 18, 1990
—
Partnership Cal
—
Grant Deed
related
$1,137,500 · First National Bank Monterey
—
—
1187 Partnership
—
Deed Of Trust
related
$1,952,500 · First National Bank Central Ca
—
—
Five Mandeville Court LLC
—
Loan Modification
related
$2,812,062 · Union Bank
—
—
Duncan Mccarter
—
Deed Of Trust
related
$55,000 · Private Individual
—
—
1193 Partnership
—
Deed Of Trust
related
$1,924,098 · First National 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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