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Property profile & analytics
OFF-MARKET
Estimated value
$4,805,000
Manufacturing properties
560 Work St, Salinas, CA 93901-4350
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1790572
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Total area
49,037 SF
Lot
2.35 ac (102,366 SF)
APN
003-011-047-000
UPID
US09-1790572
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
-
Franmara Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.81M
Owner & transaction history
Frank Patrick Chiorazzi · 2 yrs held
Frank Patrick Chiorazzi
since 2024
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$98 / 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
$28,095
Tax year 2023
Assessed value
$2,400,023
Assessed 2023
Previous assessed
$2,400,023
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$705,976
Assessed improvement
$1,694,047
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1990
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
49,037 SF
Lot
2.35 ac (102,366 SF)
APN
003-011-047-000
UPID
US09-1790572
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
1990
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Frank Patrick Chiorazzi
Individual
Mailing address
100 CLOCK TOWER PL, CARMEL, CA 93923-8745
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2024
—
Frank Patrick Chiorazzi
Frank Patrick Chiorazzi
Intrafamily Transfer
related
—
Aug 10, 2017
—
Marital Frank O C & Marie C Trust
Marital Frank O C & Marie
Quit Claim Deed
related
—
Oct 8, 2015
—
Chiorazzi,frank O & M Trust
Chiorazzi,marie
Affidavit Of Death
related
—
Jul 20, 2011
—
Chiorazzi Frank O & M Trust
Chiorazzi F O & M Trust
Quit Claim Deed
related
$1,595,000 · Rabobank
—
—
Chiorazzi Frank O & M Trust
—
Deed Of Trust
related
$150,000 · First National Bank Central Ca
—
—
Chiorazzi Trust
—
Deed Of Trust
related
$2,195,000 · First National Bank Central Ca
—
—
Chiorazzi Frank O & M Trust
—
Deed Of Trust
related
$300,000 · First National Bank Central Ca
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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