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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Office buildings
601 Abrego St Monterey, CA 93940-3203
Entity Owned
~
Est. High Equity
Property ID
US09-1290540
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Construction
WOOD
Total area
2,493 SF
Lot
0.16 ac (7,146 SF)
APN
001-727-013-000
UPID
US09-1290540
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
-
London Theatre Tour Travel Agency
-
EMC Planning Group Inc. Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.70M
Owner & transaction history
Groves At 601 LLC
Groves At 601 LLC
since 2026
Last sale
$1.7M
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,355,000
Current use
COMMERCIAL (GENERAL)
$1,250,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.65M (Jan 28 2026)
Last sale anchor
$1.65M
Jan 28 2026
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
$680 / 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
$14,025
Tax year 2023
Assessed value
$1,275,000
Assessed 2023
Previous assessed
$1,275,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$637,500
Assessed improvement
$637,500
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
1
Total area
2,493 SF
Lot
0.16 ac (7,146 SF)
APN
001-727-013-000
UPID
US09-1290540
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Groves At 601 LLC
Entity
Mailing address
PO BOX 523, MONTEREY, CA 93942-0523
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
$1,650,000
Groves At 601 LLC
601 South Wind LLC
Grant Deed
$825,000 · West Coast Community Bank
Jan 28, 2026
—
Groves At 601 LLC
—
Deed
related
$683,000 · Business Finance Capital
Feb 7, 2022
—
601 South Wind LLC
Cristopher P Staedler
Grant Deed
—
Sep 3, 2021
$1,250,000
Cristopher P Staedler
601 Abrego Street LLC
Grant Deed
$1,250,000 · Rudy 1992
Aug 10, 2021
—
601 Abrego Street LLC
Fairchild Property Management LLC
Grant Deed
—
Jun 12, 2019
—
601 Abrego Street LLC
—
Deed
related
$550,000 · Heritage Bk/commerce
Jun 6, 2019
$1,100,000
601 Abrego Street LLC
Vines,ann R
Grant Deed
$550,000 · Heritage Bk/commerce
May 22, 2018
—
Gravem H Separate Prop L & Trust
Gravem,hazel
Affidavit Of Death
related
—
Sep 12, 1994
—
Gravem Trust
Gravem,hazel
Quit Claim Deed
related
—
—
—
601 Abrego Street LLC
—
Deed Of Trust
related
$550,000 · Heritage Bk/commerce
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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