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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Apartment buildings
551 San Benito St, Salinas, CA 93905-2550
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-3275365
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
3,955 SF
Lot
0.17 ac (7,442 SF)
APN
004-052-010-000
UPID
US09-3275365
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
$1.01M
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$995k
Owner & transaction history
Carriedo Holdings LLC · 1 yrs held
Carriedo Holdings LLC
since 2025
Last sale
$1.0M
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 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
$955,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.00M (Jan 29 2025)
Last sale anchor
$1.00M
Jan 29 2025
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
$252 / 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
$11,696
Tax year 2023
Assessed value
$1,002,500
Assessed 2023
Previous assessed
$1,002,500
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$300,000
Assessed improvement
$702,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
5
Rooms
29
Bathrooms
6
Total area
3,955 SF
Lot
0.17 ac (7,442 SF)
APN
004-052-010-000
UPID
US09-3275365
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
1977
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
5
Rooms
29
Bathrooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Carriedo Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
837 PROVINCETOWN DR, SALINAS, CA 93906-4858
Ownership since
2025
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
Jan 29, 2025
—
Carriedo Holdings LLC
Rafael R Carriedo JR
Deed
related
—
Sep 20, 2022
—
Rafael R Carriedo JR
—
Deed
related
$615,000 · Fremont Bank
Jul 8, 2022
$1,000,000
Rafael R Carriedo JR
Peggy Ann Harder
Grant Deed
—
Jul 8, 2022
—
Peggy Ann Harder
William W Harder III
Intrafamily Transfer
related
—
May 18, 2007
—
Harder Peggy A Living Trust
Harder,peggy A
Quit Claim Deed
related
—
Mar 9, 2007
—
William W Harder III
Harder,peggy A
Quit Claim Deed
related
—
Dec 13, 2005
—
Peggy A Harder
Harder,william W III
Quit Claim Deed
related
—
Jun 25, 2003
—
William W Harder
Harder,william W
Quit Claim Deed
related
$382,500 · Monterey Bay Bank
Apr 30, 1998
—
William W Harder
Harder,wm W & Peggy A
Quit Claim Deed
related
$191,750 · Mortgage Outlet
Apr 10, 1997
$180,000
William W Harder
Mostafa,karen
Grant Deed
$120,000 · Seller
—
—
William W Harder
—
Deed Of Trust
related
$121,000 · 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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