Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Showrooms
500 Broadway Ave Seaside, CA 93955-4203
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-1842214
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1944
Total area
2,100 SF
Lot
0.08 ac (3,555 SF)
APN
011-303-013-000
UPID
US09-1842214
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
-
Deja Blue Restaurant
-
Deja Blue Soul Food Restaurant & Club Restaurant
-
Atomy Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$735k
Owner & transaction history
Choatespropertymanagement LLC · 5 yrs held
Choatespropertymanagement LLC
since 2021
Last sale
$725,000
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 Seaside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside 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
$755,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$935,000
Current use
OFFICE BUILDING
$870,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$840,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $725k (May 10 2021)
Last sale anchor
$725k
May 10 2021
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
$350 / 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
$8,295
Tax year 2023
Assessed value
$754,290
Assessed 2023
Previous assessed
$754,290
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$468,180
Assessed improvement
$286,110
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1944
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
2,100 SF
Lot
0.08 ac (3,555 SF)
APN
011-303-013-000
UPID
US09-1842214
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
COMMERCIAL (GENERAL) Current
Est. value
$935,000
OFFICE BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$840,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1944
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Choatespropertymanagement LLC
Entity
Mailing address
4835 PENINSULA PT DR, SEASIDE, CA 93955-6511
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2025
—
Choatesproperty Management LLC
—
Deed
related
$400,000 · Claire Whitelaw Etal
Jan 27, 2025
—
Choatespropertymanagement LLC
—
Deed
related
$980,000 · Lendistry Home Loans LLC
Jan 19, 2023
—
Choatespropertymanagement LLC
—
Deed
related
$365,000 · Eric Miller Roth Ira 457462
May 10, 2021
$725,000
Choatespropertymanagement LLC
Susan Turner
Grant Deed
—
Jul 20, 2020
—
Enea,benny Trust
Benny M Enea JR.
Quit Claim Deed
related
—
Oct 25, 1994
$100,000
Benny M Enea
Zimmerman,gary L & Linda A
Grant Deed
$122,500 · Seller
—
—
Benny M Enea
—
Deed Of Trust
related
$122,500 · Pacific Capital Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 500 Broadway Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
