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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Showrooms
638 Lighthouse Ave Monterey, CA 93940-1008
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2533815
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
TILT-UP CONCRETE
Total area
3,300 SF
Lot
0.13 ac (5,500 SF)
APN
001-061-005-000
UPID
US09-2533815
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
$770k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$633k
Blend (final)
Blend
$765k
Owner & transaction history
John Albert Wright · 5 yrs held
John Albert Wright
since 2021
Last sale
$825,000
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
$705,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $825k (Jun 16 2021)
Last sale anchor
$825k
Jun 16 2021
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
$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
$9,705
Tax year 2023
Assessed value
$884,340
Assessed 2023
Previous assessed
$884,340
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$520,200
Assessed improvement
$364,140
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
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
3,300 SF
Lot
0.13 ac (5,500 SF)
APN
001-061-005-000
UPID
US09-2533815
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
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
John Albert Wright
Individual
Mailing address
1125 SINEX AVE, PACIFIC GROVE, CA 93950-3818
Ownership since
2021
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 16, 2021
$825,000
John Albert Wright
Julio R Toribio
Grant Deed
$588,000 · Pacific Valley Bank
Feb 13, 2003
—
Julio R Toribio
Toribio,sheila M
Quit Claim Deed
related
—
Aug 6, 1999
—
Julio R Toribio
Toribio,julio R & Sheila M
Quit Claim Deed
related
$200,000 · First National Bank Central Ca
Oct 31, 1994
$250,000
Julio R Toribio
James V Wood Estate
Quit Claim Deed
related
$200,000 · Sonoma National Bank
—
—
Julio R Toribio
—
Deed Of Trust
related
$162,038 · First National Bank Central Ca
—
—
Julio R Toribio
—
Deed Of Trust
related
$280,000 · 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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