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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Parking lots & garages
542 Lighthouse Ave Pacific Grove, CA 93950-2745
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-5204030
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Total area
16,238 SF
Lot
0.78 ac (33,877 SF)
APN
006-173-002-000
UPID
US09-5204030
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
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Durrell Pacific Grove Ll · 3 yrs held
Durrell Pacific Grove Ll
since 2023
Last sale
$840,000
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
Method
Estimation
Statistic approach
$850,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $840k (Mar 31 2023)
Last sale anchor
$840k
Mar 31 2023
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
$52 / 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
$49,980
Tax year 2023
Assessed value
$4,414,949
Assessed 2023
Previous assessed
$4,414,949
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$4,414,949
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Stories
1
Total area
16,238 SF
Lot
0.78 ac (33,877 SF)
APN
006-173-002-000
UPID
US09-5204030
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
Heating
NONE
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Durrell Pacific Grove Ll
Individual
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
—
Durrell Pacific Grove Ll
Mohammad Rezai
Intrafamily Transfer
related
—
Oct 28, 2021
—
Travel Inn Associates LP
Mohammad Rezai
Re-recorded Document
related
—
Aug 16, 2021
$840,000
Travel Inn Associates LP
Mohammad Rezai
Grant Deed
—
Dec 22, 2020
$672,000
Moammad Rezai
Rohnert Park Ri LP
Grant Deed
—
Mar 12, 2020
—
Mohammad Rezai
Fatemeh Assar
Quit Claim Deed
related
$3,500,000 · Western Adventist Foundation
Mar 12, 2020
$4,200,000
Rohnert Park Ri LP
Holman Building Associates LP
Grant Deed
$3,500,000 · Western Adventist Foundation
Sep 14, 2015
$5,900,000
Monterey Capital Pg Founder LLC
Holman Building Associates LP
Grant Deed
$2,000,000 · Lantzman Investments INC
Jun 7, 2010
—
T6 Unison Site Management LLC
—
Grant Deed
related
$200,000,000 · Deutsche Bk Tr Co Americas
Oct 4, 2004
$3,051,000
Holman Building Associates
Wa-ca Hambey Properties
Trustees Deed
related
$8,000,000 · Monterey Cnty Bk
—
—
Holman Building Associates LP
—
Deed Of Trust
related
$4,600,000 · Preferred Bk
—
—
Holman Building Associates LP
—
Loan Modification
related
$3,383,311 · Monterey Cnty Bk
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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