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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Hospitals
73 Paloma Ave Salinas, CA 93905-2852
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-2278343
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1971
Construction
TILT-UP CONCRETE
Total area
4,818 SF
Lot
0.29 ac (12,634 SF)
APN
004-554-008-000
UPID
US10-2278343
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
$955k
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$780k
Blend (final)
Blend
$975k
Owner & transaction history
Heritage Vila LLC · 3 yrs held
Heritage Vila LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+1.1%
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
$880,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,490,000
Current use
COMMERCIAL (GENERAL)
$1,510,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$1,415,000
Change: -5% · Conversion: Easy
RETAIL STORES
$1,405,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $1.03M (Mar 24 2023)
Last sale anchor
$1.03M
Mar 24 2023
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
$202 / 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
$8,470
Tax year 2023
Assessed value
$620,334
Assessed 2023
Previous assessed
$620,334
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$310,167
Assessed improvement
$310,167
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Bathrooms
2
Total area
4,818 SF
Lot
0.29 ac (12,634 SF)
APN
004-554-008-000
UPID
US10-2278343
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
MEDICAL BUILDING Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Heritage Vila LLC
Entity
Mailing address
16390 REYNOLDS DR, MORGAN HILL, CA 95037-9657
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
Feb 19, 2026
—
Heritage Vila LLC
—
Deed
related
$550,000 · Capital Bridge Partners INC
Mar 24, 2023
$1,030,000
Heritage Vila LLC
Paloma Street LLC
Grant Deed
$669,500 · Paloma Street LLC
Jul 31, 2009
$500,000
Paloma Street LLC
Plm Leder Services INC
Trustees Deed
related
—
Oct 2, 2007
$1,800,000
Janice L Genvo
Kitchens P K 2006 Trust
Grant Deed
$988,000 · Chinchen A S & A D 1992 (te)
Mar 3, 2006
—
Neil G Kitchens
Kitchens 2000 Trust
Quit Claim Deed
related
—
Mar 28, 2000
—
Neil G Kitchens
Kitchens,neil G
Quit Claim Deed
related
—
Aug 12, 1997
$365,000
Neil Kitchens
Burks Trust
Grant Deed
$275,000 · Seller
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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