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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Retail space
663 Lighthouse Ave Monterey, CA 93940-1007
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-0873900
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
TILT-UP CONCRETE
Total area
3,600 SF
Lot
0.28 ac (12,000 SF)
APN
001-066-017-000
UPID
US09-0873900
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
-
Central Coast Dental Care Dental Office
-
Sumeet Singh Dental Office
-
MontereyMDSpa Spa & Massage Center Alternative Medicine Practice
-
Monterey Dental Implant Center Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$845k
Owner & transaction history
Ghs Singh LLC · 6 yrs held
Ghs Singh LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+6.2%
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%
$870,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,050,000
Current use
MEDICAL BUILDING
$1,115,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$235 / 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
$13,776
Tax year 2023
Assessed value
$1,261,413
Assessed 2023
Previous assessed
$1,261,413
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$788,383
Assessed improvement
$473,030
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
2
Bathrooms
1
Total area
3,600 SF
Lot
0.28 ac (12,000 SF)
APN
001-066-017-000
UPID
US09-0873900
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
RETAIL STORES Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES Current
MEDICAL BUILDING
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
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
2
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Ghs Singh LLC
Entity
Mailing address
405 MIRADOR CT, MONTEREY, CA 93940-7616
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2020
—
Ghs Singh LLC
—
Deed
related
$1,301,860 · California Bk&tr
Jun 5, 2020
—
Ghs Singh LLC
—
Deed
related
$1,301,860 · California Bk&tr
Jun 4, 2020
—
Ghs Singh LLC
—
Deed
related
$671,000 · Mortgage Cap Dev
Aug 29, 2019
$1,200,000
Ghs Singh LLC
Tfp Partners Lllp
Grant Deed
$1,952,790 · California Bk&tr
Nov 17, 2014
$800,000
Tfp Partners Lllp
Wiseman Family Trust 2002
Grant Deed
—
—
—
Wiseman Family 2002 Trust
—
Deed Of Trust
related
$10,000 · Mahdi Radwan
—
—
Ghs Singh LLC
—
Deed Of Trust
related
$671,000 · Mortgage Cap Dev
—
—
Ghs Singh LLC
—
Deed Of Trust
related
$1,301,860 · California Bk&tr
—
—
Ghs Singh LLC
—
Loan Modification
related
$1,301,860 · California Bk&tr
—
—
Wiseman Family 2002 Trust
—
Deed Of Trust
related
$100,000 · California Coastal Rural Dev
—
—
Wiseman Family 2002 Trust
—
Deed Of Trust
related
$150,000 · California Coastal Rural Dev
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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