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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Showrooms
590 Perry Ln Monterey, CA 93940-4621
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2769637
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1978
Construction
WOOD
Total area
1,785 SF
Lot
1.46 ac (63,400 SF)
APN
001-732-009-000
UPID
US09-2769637
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$2.20M
Owner & transaction history
Mitsugu Mori · 1 yrs held
Mitsugu Mori
since 2025
Last sale
$2.3M
6 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.30M (Mar 6 2025)
Last sale anchor
$2.30M
Mar 6 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
$1,232 / 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
$26,454
Tax year 2023
Assessed value
$2,543,850
Assessed 2023
Previous assessed
$2,543,850
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$2,417,710
Assessed improvement
$126,140
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Buildings
7
Stories
2
Units
1
Rooms
6
Bathrooms
2
Total area
1,785 SF
Lot
1.46 ac (63,400 SF)
APN
001-732-009-000
UPID
US09-2769637
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
1978
Construction
WOOD
Heating
NONE
Stories
2
Buildings
7
Units
1
Rooms
6
Bathrooms
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
Mitsugu Mori
Individual
Mailing address
559 PO BOX 1551ST ST, MONTEREY, CA 93942-1551
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
$2,300,000
Mitsugu Mori
Monterey Museum Of Art Association
Grant Deed
$950,000 · Monterey Wharf Concession No 34 LLC
Jul 13, 2023
—
Monterey Museum Of Art Association
—
Deed
related
$1,770,000 · Community Foundation For Monterey County
May 19, 2020
$2,420,000
Monterey Museum Of Art Assocation
Sumida Family Trust
Grant Deed
$1,120,000 · Ray T Sumida
Apr 5, 2018
—
Ray T Sumida
Sumida,elizabeth H
Quit Claim Deed
related
—
Apr 5, 2018
$986,100
Sumida Family Trust
Tsuchiya,ann R
Grant Deed
—
Oct 25, 2016
—
Ray T Sumida
Perry Lane Properties
Quit Claim Deed
—
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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