New search
Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
65 San Miguel Ave, Salinas, CA 93901-3018
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-3722135
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
WOOD
Total area
4,000 SF
Lot
0.27 ac (11,769 SF)
APN
002-651-042-000
UPID
US09-3722135
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
-
ISU-Pulford Insurance Insurance Agency
-
Norm Yop, Inc. Realtors Real Estate Agency
-
MLNH Supply Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$580k
Owner & transaction history
65 San Miguel LLC · 2 yrs held
65 San Miguel LLC
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 Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas 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
$580k
Range $522k – $638k · ±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
$145 / 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
$2,766
Tax year 2023
Assessed value
$223,703
Assessed 2023
Previous assessed
$223,703
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$96,658
Assessed improvement
$127,045
Applied tax rate
5.0000
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
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
4,000 SF
Lot
0.27 ac (11,769 SF)
APN
002-651-042-000
UPID
US09-3722135
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
1962
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
65 San Miguel LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11856 BALBOA BLVD #140, GRANADA HILLS, CA 91344-2753
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2023
—
65 San Miguel LLC
James B Savitz
Grant Deed
—
May 1, 2023
$550,000
James B Savitz
Michel F Aiello
Grant Deed
—
May 2, 2022
—
James B Savitz
James B Savitz
Intrafamily Transfer
related
—
Nov 13, 2012
—
Savitz 1990 Trust
Savitz 1990 Trust
Quit Claim Deed
related
—
Feb 3, 2012
—
Savitz 1990 Trust
Savitz,ruthann L
Affidavit Of Death
related
—
Aug 16, 2011
—
Aiello Michel F & P A Trust
Aiello V D Family Trust B
Quit Claim Deed
related
—
Oct 14, 2002
—
Aiello,tr
Aiello,phyllis D
Quit Claim Deed
related
—
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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