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Property profile & analytics
OFF-MARKET
Estimated value
$6,710,000
Showrooms
514 Work St Salinas, CA 93901-4350
Entity Owned
8-yr Hold
Free & Clear
Property ID
US09-2363091
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1986
Total area
36,900 SF
Lot
2.2 ac (95,832 SF)
APN
003-011-030-000
UPID
US09-2363091
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
-
Grupo Flor Agricultural Service
-
East of Eden Cannabis Co. - Salinas (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.50M
Comparable Approach
Comparable
$8.07M
Blend (final)
Blend
$6.71M
Owner & transaction history
Lrt514 LLC · 8 yrs held
Lrt514 LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.9M
+1.8%
Retail stores
$10.8M
+0.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,120,000
6.5%
$7,495,000
7%
$6,960,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,735,000
Current use
OFFICE BUILDING
$10,920,000
Change: +2% · Conversion: Easy
RETAIL STORES
$10,755,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$6.71M
Range $6.04M – $7.38M · ±10%
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
$182 / 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
$48,208
Tax year 2023
Assessed value
$4,166,917
Assessed 2023
Previous assessed
$4,166,917
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,337,989
Assessed improvement
$2,828,928
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Units
2
Rooms
1
Total area
36,900 SF
Lot
2.2 ac (95,832 SF)
APN
003-011-030-000
UPID
US09-2363091
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
$10.7M
OFFICE BUILDING
Est. value
$10.9M
RETAIL STORES
Est. value
$10.8M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1986
Heating
NONE
Stories
1
Units
2
Rooms
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Lrt514 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
19242 DOVEWOOD CT, SALINAS, CA 93908-1529
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2017
—
Lrt514 LLC
Taylor Bob & Leslie Famil
Quit Claim Deed
related
—
Sep 8, 2017
—
Taylor,bob & Leslie Family Trust
514 Work Streetllc
Quit Claim Deed
related
—
Aug 20, 2015
—
514 Work Street LLC
Taylor B & L Trust
Quit Claim Deed
related
—
Mar 5, 2008
—
Taylor Bob & L Family Trust
Chapman R Living Trust
Quit Claim Deed
related
—
Feb 22, 2007
—
Taylor Bob & L Family Trust
Chapman R Living Trust
Quit Claim Deed
related
—
May 26, 2006
—
Chapman Bill & D Living Trust
Chapman,william D
Quit Claim Deed
related
—
Jan 20, 2006
—
Taylor Bob & L Family Trust
Taylor,robert C JR & Leslie C
Quit Claim Deed
related
—
Jan 19, 2006
—
Carroll Fred & L Family Trust
Carroll,lee A
Quit Claim Deed
related
—
Jan 5, 2006
—
Taylor Bob & L Family Trust
Taylor,leslie C
Quit Claim Deed
related
—
Jan 5, 2005
—
Leslie C Taylor
Chapman Robert Trust
Quit Claim Deed
related
—
Dec 27, 2004
—
Leslie C Taylor
Chapman Robert Trust
Quit Claim Deed
related
—
Dec 27, 2001
—
Lee A Carroll
Chapman Trust
Quit Claim Deed
related
—
Feb 11, 2000
—
Carroll Trust
Carroll,lee A
Quit Claim Deed
related
—
Feb 9, 2000
—
Taylor Trust
Taylor,leslie C
Quit Claim Deed
related
—
Dec 29, 1999
—
Lee A Carroll
Chapman Trust
Quit Claim Deed
related
—
—
—
Chapman Trust
—
Deed Of Trust
related
$350,000 · First National Bank Central Ca
—
—
Chapman Trust
—
Deed Of Trust
related
$250,000 · 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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