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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Investment properties
523 Main St Salinas, CA 93901-3307
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US10-3164075
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1937
Construction
TILT-UP CONCRETE
Total area
8,462 SF
Lot
0.18 ac (7,800 SF)
APN
002-391-017-000
UPID
US10-3164075
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
-
Salinas Telephone Directory Marketing & Advertising Advertising Agency
-
Monterey Bay Local Deals Restaurant
-
Perfect Image - Design & Print Center (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$1.62M
Owner & transaction history
Steve Silacci · 10 yrs held
Steve Silacci
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+6.5%
Office building
$2.5M
+1.8%
Retail stores
$2.5M
+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%
$1,860,000
6.5%
$1,720,000
7%
$1,595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,460,000
Current use
MEDICAL BUILDING
$2,620,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$2,505,000
Change: +2% · Conversion: Easy
RETAIL STORES
$2,465,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$191 / 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
$11,987
Tax year 2023
Assessed value
$1,031,847
Assessed 2023
Previous assessed
$1,031,847
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$229,298
Assessed improvement
$802,549
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1937
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
4
Rooms
34
Bathrooms
7
Total area
8,462 SF
Lot
0.18 ac (7,800 SF)
APN
002-391-017-000
UPID
US10-3164075
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
$2.5M
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1937
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
4
Rooms
34
Bathrooms
7
Lot
0.18 ac
Current owner
From public records · entity-resolved
Steve Silacci
Individual
Mailing address
281 LIGHTHOUSE AVE, MONTEREY, CA 93940-7509
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2015
—
Steve Silacci
Silacci,steve & Ann
Quit Claim Deed
related
$150,000 · Silacci Family Trust (pt)
Sep 21, 2015
—
Silacci,jesse & H Family Trust
Silacci,jesse A
Quit Claim Deed
related
—
Dec 22, 2014
—
Steve Silacci
Silacci,steve & Ann
Quit Claim Deed
related
—
Dec 5, 2014
—
Silacci Family Trust
Silacci,steve & Ann
Quit Claim Deed
related
—
Nov 24, 2014
—
Samuel S Silacci
Silacci D G Family Trust
Quit Claim Deed
related
—
Feb 27, 2006
$157,000
Silacci Dinna G Family Trust
Silacci R W & R L Trust
Grant Deed
related
—
Feb 22, 2006
—
Silacci Dinna G Family Trust
Silacci Family Trust
Quit Claim Deed
related
—
Feb 9, 2006
—
Silacci Dinna G Family Trust
Silacci R W & R L Trust
Quit Claim Deed
related
—
Jul 14, 2004
$300,000
Silacci,tr
Hughes,tr
Grant Deed
—
Dec 2, 2003
$250,000
Silacci,tr
Wait Comm Trust
Grant Deed
—
Dec 2, 2003
—
Steven Block
Hughes,tr
Grant Deed
related
—
Oct 27, 2003
$250,000
Silacci,tr
Lofgren,tr
Grant Deed
—
Feb 20, 2003
—
Wait Comm Trust
Steven,b Tr
Grant Deed
related
—
Dec 6, 1993
—
Wait Trust
Hughes,shirley K
Grant Deed
related
—
—
—
Jesse A Silacci
—
Deed Of Trust
related
$150,000 · Silacci Family Trust (pt)
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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