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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Office buildings
561 Palm Ave Seaside, CA 93955-4240
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0022169
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1991
Construction
TILT-UP CONCRETE
Total area
5,140 SF
Lot
0.28 ac (12,078 SF)
APN
011-303-010-000
UPID
US09-0022169
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
-
Monterey Yellow Cab Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.18M
Owner & transaction history
Cardinalli,a Declaration Trust · 5 yrs held
Cardinalli,a Declaration Trust
since 2020
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 Seaside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,285,000
6.5%
$1,185,000
7%
$1,100,000
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10%
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
$229 / 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
$10,845
Tax year 2023
Assessed value
$969,733
Assessed 2023
Previous assessed
$969,733
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$304,405
Assessed improvement
$665,328
Applied tax rate
10.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
1
Total area
5,140 SF
Lot
0.28 ac (12,078 SF)
APN
011-303-010-000
UPID
US09-0022169
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Cardinalli,a Declaration Trust
Trust
Free & Clear · 5 yrs held
Mailing address
33 SOLEDAD DR, MONTEREY, CA 93940-6013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2020
—
Cardinalli,a Declaration Trust
Angela Cardinalli
Affidavit Of Death
related
—
Oct 18, 2017
—
Cardinalli,john T JR & Angela Trust
Cardinalli,john T JR
Quit Claim Deed
related
—
Oct 2, 2015
—
Cardinalli,j T JR & A Trust
Cardinalli,john & Angela
Quit Claim Deed
related
—
Mar 7, 2008
—
Cardinalli S & F Family Trust
Cardinalli,stephen P & Francesca M
Quit Claim Deed
related
—
Oct 1, 2004
$725,000
John Cardinalli
Alta Mesa Dental Laboratory In
Grant Deed
$543,750 · Community Bank Central Ca
Jan 19, 1990
—
Alta Mesa Dental
Tsukimura,russ K
Grant Deed
$675,000 · Pajaro Valley Bank
—
—
Alta Mesa Dental
—
Deed Of Trust
related
$675,000 · Pajaro Valley Bank
—
—
Alta Mesa Dental Laboratory
—
Deed Of Trust
related
$40,000 · Terry M Mallery
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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