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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Apartment buildings
501 Fremont St, Salinas, CA 93905-2076
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-0910238
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1941
Construction
WOOD
Total area
1,664 SF
Lot
0.44 ac (19,200 SF)
APN
004-022-014-000
UPID
US09-0910238
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.75M
Owner & transaction history
Flor Martinez Reyes · 1 yrs held
Flor Martinez Reyes
since 2024
Last sale
$1.8M
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 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
$1,750,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.75M (Oct 2 2024)
Last sale anchor
$1.75M
Oct 2 2024
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
$1,052 / 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
$6,722
Tax year 2023
Assessed value
$574,650
Assessed 2024
Previous assessed
$574,650
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$221,584
Assessed improvement
$353,066
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
NONE
Buildings
5
Stories
1
Units
9
Rooms
46
Bathrooms
9
Total area
1,664 SF
Lot
0.44 ac (19,200 SF)
APN
004-022-014-000
UPID
US09-0910238
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
1941
Construction
WOOD
Heating
NONE
Stories
1
Buildings
5
Units
9
Rooms
46
Bathrooms
9
Lot
0.44 ac
Current owner
From public records · entity-resolved
Flor Martinez Reyes
Individual
Free & Clear · 1 yrs held
Mailing address
8030 PO BOX 5855TH CT, SALINAS, CA 93915-5855
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
—
Flor Martinez Reyes
Flor Martinez Reyes
Intrafamily Transfer
related
—
Jun 18, 2024
—
Marco Gonzalez
Luizalyn Gonzalez
Deed
related
—
Jun 18, 2024
$1,750,000
Flor Martinez Reyes
Naomi S Gonzalez
Grant Deed
$1,150,000 · Grand Pacific Financing Corporation
Nov 17, 2020
—
Gonzalez,a M & N Living Trust
Aurelio Gonzalez
Quit Claim Deed
related
—
Jul 27, 2005
—
Aurelio Gonzalez
Gonzalez,aurelio & Naomi S
Quit Claim Deed
related
—
Jun 3, 2004
—
Aurelio Gonzalez
Gonzalez Financial Invest LLC
Quit Claim Deed
related
—
Nov 7, 2002
—
Gonzalez Financial Investments
Gonzalez,aurelio M & Naomi S
Quit Claim Deed
related
—
Mar 24, 2000
$389,000
Aurelio M Gonzalez
Katahira,hiroaki & Ophelia
Grant Deed
—
Jul 29, 1997
$60,000
Hiroaki Katahira
Collett,donald E
Quit Claim Deed
related
—
Oct 2, 1989
$152,500
Donald E Collett
Guidotti,richard
Grant Deed
related
$122,000
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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