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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Investment properties
551 Foam St Monterey, CA 93940-1411
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2533823
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1981
Construction
WOOD
Total area
2,913 SF
Lot
0.04 ac (1,860 SF)
APN
001-062-017-000
UPID
US09-2533823
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
-
Carmel Pacific Realty Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$1.06M
Owner & transaction history
Anup Tikku · 5 yrs held
Anup Tikku
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+8.5%
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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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
$980,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,460,000
Current use
OFFICE BUILDING
$1,585,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $1.15M (Jun 22 2021)
Last sale anchor
$1.15M
Jun 22 2021
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
$364 / 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
$13,098
Tax year 2023
Assessed value
$1,196,460
Assessed 2023
Previous assessed
$1,196,460
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$416,160
Assessed improvement
$780,300
Applied tax rate
3.0000
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
1981
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Rooms
6
Bathrooms
1
Total area
2,913 SF
Lot
0.04 ac (1,860 SF)
APN
001-062-017-000
UPID
US09-2533823
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
$1.5M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1981
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Rooms
6
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Anup Tikku
Individual
Mailing address
18610 DECATUR RD, LOS GATOS, CA 95030-3029
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2021
$1,150,000
Anup Tikku
Elizabeth Sanchez
Grant Deed
—
Mar 18, 2021
—
Elizabeth Sanchez
Scott Liming
Intrafamily Transfer
related
—
Mar 2, 2021
—
Monterey Pm Investments LLC
—
Deed
related
$700,000 · Pacific Valley Bank
Feb 17, 2021
—
Scott Liming
Scott Liming
Intrafamily Transfer
related
—
Oct 26, 2017
$1,050,100
Scott Liming
Tanya Kast
Grant Deed
$735,000 · Heffernan Thomas S Trust (rt)
Jun 23, 2016
—
Tanya Kast
—
Deed
related
$812,500 · Private Individual
Jul 31, 2008
—
Tanya Kast
Kast,tanya A
Quit Claim Deed
related
$150,000 · Dwyer William M Trust
Sep 1, 2000
—
Tanya A Kast
Kast,lawrence
Quit Claim Deed
related
—
Jan 31, 1997
—
Tanya A Kast
Simmons,john & Emilia
Grant Deed
related
—
Oct 19, 1995
—
John Simmons
Bavaria Mortgage & Realty Svcs
Grant Deed
related
—
Oct 10, 1990
$115,500
Exchange Holding
Agha,nader T
Grant Deed
related
—
—
—
Nader T Agha
—
Deed Of Trust
related
$101,592 · Agha Durell D
—
—
Tanya A Kast
—
Deed Of Trust
related
$325,000 · Finegan Trust
—
—
Kelvin F Wright
—
Deed Of Trust
related
$166,750 · Individual
—
—
Tanya A Kast
—
Deed Of Trust
related
$518,000 · Baymark Financial
—
—
Tanya Kast
—
Deed Of Trust
related
$812,500 · Private Individual
—
—
Tanya Kast
—
Deed Of Trust
related
$25,000 · Dwyer William M Trust (pt)
—
—
Kelvin F Wright
—
Deed Of Trust
related
—
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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