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Property profile & analytics
FOR SALE
Warehouses
66 Tarp Cir, Salinas, CA 93901
Individually Owned
5-yr Hold
Free & Clear
Property ID
US09-0610438
For Sale
1 / 2
$3,000,000
66 Tarp Cir, Salinas, CA 93901
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Construction
TILT-UP CONCRETE
Total area
15,508 SF
Lot
1.33 ac (58,038 SF)
APN
003-282-047-000
UPID
US09-0610438
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
$3.39M
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$3.89M
Blend (final)
Blend
$3.00M
Owner & transaction history
Paul Beckwith · 5 yrs held
Paul Beckwith
since 2020
Last sale
$2.9M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.8M
+91.1%
Office building
$4.6M
+82.7%
Retail stores
$4.5M
+79.9%
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
$3,235,000
ML approach
$3,385,000
CAP Approach
CAP Return
Estimation
6%
$2,725,000
6.5%
$2,515,000
7%
$2,335,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,515,000
Current use
MEDICAL BUILDING
$4,800,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$4,590,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$4,520,000
Change: +80% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,510,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $2.93M (Nov 10 2020)
Last sale anchor
$2.93M
Nov 10 2020
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
$193 / 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
$26,492
Tax year 2023
Assessed value
$2,288,880
Assessed 2023
Previous assessed
$2,288,880
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$936,360
Assessed improvement
$1,352,520
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
2
Total area
15,508 SF
Lot
1.33 ac (58,038 SF)
APN
003-282-047-000
UPID
US09-0610438
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
WAREHOUSE, STORAGE Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Paul Beckwith
Individual
Free & Clear · 5 yrs held
Mailing address
10 GREENFIELD DR, MORAGA, CA 94556-1333
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2020
$2,925,000
Paul Beckwith
Groeniger Family Land Co LLC
Grant Deed
—
May 26, 2006
—
Groeniger Family Land Co LLC
Groeniger Family Trust
Quit Claim Deed
$3,150,000 · Union Bank Of California
Jan 27, 2000
$1,450,000
Groeniger Trust
Shade Trust
Grant Deed
$1,340,000 · Sanwa Bank California
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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