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Property profile & analytics
OFF-MARKET
Showrooms
511 Lighthouse Ave Pacific Grove, CA 93950-2753
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1149047
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1922
Construction
WOOD
Total area
2,464 SF
Lot
0.05 ac (2,024 SF)
APN
006-271-001-000
UPID
US09-1149047
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alvaro Daniel Waissbluth · 2 yrs held
Alvaro Daniel Waissbluth
since 2024
Last sale
$225,000
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$12,350
Tax year 2023
Assessed value
$1,078,390
Assessed 2023
Previous assessed
$1,078,390
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$629,413
Assessed improvement
$448,977
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
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
3
Bathrooms
1
Total area
2,464 SF
Lot
0.05 ac (2,024 SF)
APN
006-271-001-000
UPID
US09-1149047
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
1922
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
3
Bathrooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Alvaro Daniel Waissbluth
Individual
Mailing address
511 LIGHTHOUSE AVE, PACIFIC GROVE, CA 93950-2753
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
—
Alvaro Daniel Waissbluth
Alvaro Daniel Waissbluth
Intrafamily Transfer
related
$499,000 · Santa Cruz County Bank
Mar 6, 2024
$225,000
Michael Durrant
John Papandreopoulos
Grant Deed
$225,000 · The John Papandreopoulos Living Tru
Nov 23, 2021
—
John Papandreopoulos
John Robert Papandreopoulos
Intrafamily Transfer
related
—
Jan 15, 2021
—
Ximena A Waissbluth
Waissbluth Holding Trust
Quit Claim Deed
related
—
Mar 18, 2020
$1,013,500
Waissbluth Holding Trust
Kirke A Erskine
Grant Deed
—
Feb 29, 2016
—
Kirke A Erskine
Erskine,kirke A & Rebecca A
Quit Claim Deed
related
—
Dec 28, 2012
—
Kirke A Erskine
Frazer F K Family Trust
Grant Deed
related
—
—
—
Frazer Trust
—
Deed Of Trust
related
$50,000 · Seller
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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