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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Showrooms
704 Broadway Ave Seaside, CA 93955-4306
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-3146011
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2007
Construction
WOOD
Total area
3,845 SF
Lot
0.18 ac (8,000 SF)
APN
011-292-020-000
UPID
US10-3146011
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
-
Erdinc Serdar DC Alternative Medicine Practice
-
Comfort spa Alternative Medicine Practice Spa & Massage Center
-
Peninsula Vacuum Home Appliance Store (Bike/Boat/Book/etc) Store
-
El Estero Chiropractic Center Alternative Medicine Practice
-
Erdinc Margaret B DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$976k
Blend (final)
Blend
$1.01M
Owner & transaction history
704 Broadway LLC · 5 yrs held
704 Broadway LLC
since 2020
Last sale
$955,000
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 Seaside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside 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
$1,150,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$760,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,590,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,535,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $955k (Aug 21 2020)
Last sale anchor
$955k
Aug 21 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
$261 / 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
$10,974
Tax year 2023
Assessed value
$993,582
Assessed 2023
Previous assessed
$993,582
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$416,160
Assessed improvement
$577,422
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2007
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Rooms
3
Bathrooms
3
Total area
3,845 SF
Lot
0.18 ac (8,000 SF)
APN
011-292-020-000
UPID
US10-3146011
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
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2007
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Rooms
3
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
704 Broadway LLC
Entity
Mailing address
PO BOX 1915, MONTEREY, CA 93942-1915
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2020
$955,000
704 Broadway LLC
Georis 2001 Family Trust
Grant Deed
$500,000 · Georis 2001 Family Trust (rt)
Apr 22, 2014
—
Georis Family 2001 Trust
Georis,stephan G
Quit Claim Deed
related
—
Aug 16, 2013
$479,000
Stephan G Georis
Georis G Family Trust
Grant Deed
—
Sep 16, 2008
—
Melendrez Chantal Tr
Georis,gilbert G
Affidavit Of Death
related
—
Aug 5, 2005
$608,000
Georis Gilbert Trust
Rosa,jose D & Maria E
Grant Deed
—
Jul 14, 2003
—
Jose D Rosa
Bonilla,juan O
Grant Deed
related
—
Nov 16, 1989
$160,000
Juan O C Bonilla
Whitaker,edward
Grant Deed
$130,000
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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