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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Showrooms
529 Central Ave, Pacific Grove, CA 93950-2732
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3722273
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Construction
WOOD
Total area
14,648 SF
Lot
0.26 ac (11,376 SF)
APN
006-174-009-000
UPID
US09-3722273
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
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.00M
Owner & transaction history
Faris Alnemri · 2 yrs held
Faris Alnemri
since 2024
Last sale
$2.0M
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
$2,000,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (Apr 19 2024)
Last sale anchor
$2.00M
Apr 19 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
$137 / 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
$46,426
Tax year 2023
Assessed value
$4,161,600
Assessed 2023
Previous assessed
$4,161,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,080,800
Assessed improvement
$2,080,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
15
Bathrooms
4
Total area
14,648 SF
Lot
0.26 ac (11,376 SF)
APN
006-174-009-000
UPID
US09-3722273
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
1984
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
15
Bathrooms
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
Faris Alnemri
Individual
Mailing address
1112 PRESIDIO RD, PEBBLE BEACH, CA 93953-3124
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
32 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
$2,000,000
Faris Alnemri
Jayesh Desai
Grant Deed
—
Apr 19, 2024
—
Faris Alnemri
Iryna Nemri
Intrafamily Transfer
related
—
Mar 21, 2024
—
Jayesh Desai
—
Deed
related
$900,000 · Belvnus LLC
Mar 15, 2024
—
Durrell Pacific Grove LLC
Mohammad Rezai
Grant Deed
—
Dec 27, 2023
—
Mohammad Rezai
I & P Brothers LLC
Grant Deed
—
Dec 15, 2023
$1,700,000
Jayesh Desai
I & P Brothers LLC
Grant Deed
$700,000 · I & P Brothers LLC
Apr 30, 2021
$4,000,000
I & P Brothers LLC
Anthony G Davi JR
Grant Deed
—
Apr 30, 2021
—
Jayesh Desai
Masum Desai
Intrafamily Transfer
related
$7,000,000 · Western Adventist Foundation
Oct 29, 2020
—
Davi Anthony JR.
—
Deed
related
$92,170 · Organic Lady LLC
Jun 23, 2020
—
Anthony G Davi JR.
—
Deed
related
$300,000 · Hawk Hill Capital LLC
Feb 4, 2020
—
Anthony G Davi JR.
Anthony G Davi JR.
Quit Claim Deed
related
$300,000 · Hawk Hill Cap LLC
Oct 9, 2019
—
Anthony G Davi JR.
—
Deed
related
$110,000 · Hawk Hill Capital LLC
May 29, 2019
—
Anthony G Davi JR.
—
Deed
related
$2,556,000 · Private Individual
May 13, 2019
—
Anthony G Davi JR.
—
Deed
related
$55,000 · Arcturus Thirty Six LLC
Mar 21, 2019
—
Anthony G Davi JR.
—
Deed
related
$370,000 · Patrick Shandley
Jun 8, 2018
—
Anthony G Davi JR.
—
Deed
related
$394,525 · Wood E P & B G Trust (pt)
Aug 30, 2017
—
Anthony G Davi JR.
—
Deed
related
$200,000 · Wood Edwin P & Barbara G Tr
May 4, 2017
—
G Anthony JR
—
Deed
related
$2,400,000 · Novak Richard 2012 Trust (it)
Jan 19, 2017
—
Anthony G Davi JR
Anthony G Davi JR
Intrafamily Transfer
related
$250,000 · Richard & Maureen Vargas Trust
May 21, 2015
—
Anthony G Davi JR
Davi Cameron L
Quit Claim Deed
related
—
Aug 22, 1997
$417,000
Cameron Davi
Toma/yonan/vintage Development
Grant Deed
$437,225 · Individual
—
—
Anthony G Davi JR.
—
Loan Modification
related
$394,525 · Wood E P & B G Trust (pt)
—
—
Davi Anthony JR.
—
Deed Of Trust
related
$92,170 · Organic Lady LLC
—
—
Anthony G Davi JR.
—
Deed Of Trust
related
$200,000 · Wood Edwin P & Barbara G Tr
—
—
Anthony G Davi JR.
—
Deed Of Trust
related
$55,000 · Arcturus Thirty Six LLC
—
—
G Anthony JR
—
Deed Of Trust
related
$2,400,000 · Novak Richard 2012 Trust (it)
—
—
Anthony G Davi JR.
—
Deed Of Trust
related
$210,000 · Davi Family Trust (pt)
—
—
Davi Cameron
—
Deed Of Trust
related
$1,550,000 · Santa Barbara Bank & Trust
—
—
Anthony G Davi JR.
—
Deed Of Trust
related
$300,000 · Hawk Hill Capital LLC
—
—
Anthony G Davi JR.
—
Deed Of Trust
related
$110,000 · Hawk Hill Capital LLC
—
—
Anthony G Davi JR.
—
Loan Modification
related
$370,000 · Patrick Shandley
—
—
Anthony G Davi JR.
—
Deed Of Trust
related
$2,556,000 · Private Individual
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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