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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Investment properties
574 Cortes St 4, Monterey, CA 93940-3242
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-2680932
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1934
Construction
WOOD
Total area
3,280 SF
Lot
0.22 ac (9,800 SF)
APN
001-725-006-000
UPID
US09-2680932
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
-
Harmony Place Monterey | Mental Health, Eating Disorder, and Chemical Dependency Treatment Center Psychotherapist Addiction Treatment Center
-
Monterey Institute of Mental Health | Dr. Mark Schwartz | Lori Galperin MSW Marriage Or Relationship Counselor
-
Dr. Mark Schwartz Physician Medical Clinic
-
Noah Bruce Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
Gregory J Hansen · 3 yrs held
Gregory J Hansen
since 2023
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 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
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$230 / 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
$20,976
Tax year 2023
Assessed value
$1,913,876
Assessed 2023
Previous assessed
$1,913,876
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$964,593
Assessed improvement
$949,283
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
1934
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Rooms
15
Bathrooms
6
Total area
3,280 SF
Lot
0.22 ac (9,800 SF)
APN
001-725-006-000
UPID
US09-2680932
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
1934
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Rooms
15
Bathrooms
6
Lot
0.22 ac
Current owner
From public records · entity-resolved
Gregory J Hansen
Individual
Free & Clear · 3 yrs held
Mailing address
500 CAMINO EL ESTERO, MONTEREY, CA 93940-3206
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
May 12, 2023
—
Gregory J Hansen
Sarah S Johnson
Grant Deed
—
Feb 14, 2022
—
Anthony M Melo
Anthony M Melo
Intrafamily Transfer
related
—
Oct 22, 2021
—
Eric M Johnson
Eric M Johnson
Intrafamily Transfer
related
—
May 11, 2018
$1,750,000
Johnson Family Trust
Amaral George Living Trust
Grant Deed
$1,600,000 · Amaral George Living Tr (lt)
Apr 13, 2012
—
Amaral George Living Trust
Amaral,george
Quit Claim Deed
related
—
Jul 27, 2005
$1,750,000
George Amaral
Barbara Rae Venter
Grant Deed
$1,575,000 · Community Bank Of Central Californi
Mar 1, 2002
$1,285,000
Barbara R Venter
Post Family Partnership LP
Grant Deed
$1,185,000 · Post Family Partnership LP
Mar 30, 1999
—
Post Family Partnership LP
Post,roger G & Sally J
Quit Claim Deed
related
—
Mar 27, 1996
$415,000
Post Trust
Roberts,rosette M
Grant Deed
—
Mar 1, 1990
$475,000
Kay Y Roberts
Balesteri,frank
Grant Deed
$285,000
—
—
Post Trust
—
Deed Of Trust
related
$400,000 · Bank Of America
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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