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Property profile & analytics
OFF-MARKET
Estimated value
$2,915,000
Investment properties
510 Lighthouse Ave Pacific Grove, CA 93950-2756
Trust Owned
6-yr Hold
Free & Clear
Property ID
US09-2998558
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1989
Construction
WOOD
Total area
12,928 SF
Lot
0.17 ac (7,541 SF)
APN
006-177-008-000
UPID
US09-2998558
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
$3.38M
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.92M
Owner & transaction history
Taormina Family Trust · 6 yrs held
Taormina Family Trust
since 2020
Last sale
$2.8M
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 Pacific Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific Grove 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
$3,375,000
ML approach
$3,380,000
CAP Approach
CAP Return
Estimation
6%
$2,975,000
6.5%
$2,745,000
7%
$2,550,000
Blend value · Realmo final
$2.92M
Range $2.62M – $3.21M · ±10% · vs last sale $2.80M (May 8 2020)
Last sale anchor
$2.80M
May 8 2020
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
$225 / 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
$40,970
Tax year 2023
Assessed value
$3,677,845
Assessed 2023
Previous assessed
$3,677,845
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,313,515
Assessed improvement
$2,364,330
Applied tax rate
4.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Bathrooms
2
Total area
12,928 SF
Lot
0.17 ac (7,541 SF)
APN
006-177-008-000
UPID
US09-2998558
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
1989
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Taormina Family Trust
Trust
Free & Clear · 6 yrs held
Mailing address
PO BOX 545, PEBBLE BEACH, CA 93953-0545
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
—
James Bruno Bartolo
—
Deed
related
$905,000 · Pinnacle Bank
May 8, 2020
—
Taormina Family Trust
Peter Taormina
Quit Claim Deed
related
—
Feb 26, 2020
—
Bruno Family Trust
James B Bruno
Quit Claim Deed
related
—
Sep 27, 2019
—
Bruno,b & F Living Trust
Bruno,bart J
Quit Claim Deed
related
—
May 26, 2006
—
Bart J Bruno
Bruno,frances D
Quit Claim Deed
—
May 26, 2006
$2,800,000
Bart J Bruno
Pisto,john
Grant Deed
$1,300,000 · Rabobank
—
—
Tower Victorian
—
Deed Of Trust
related
$1,300,000 · First National Bank Monterey
—
—
Victorian Tower Gp
—
Deed Of Trust
related
$1,236,000 · 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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