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Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
Apartment buildings
75 Nissen Rd Salinas, CA 93901-2242
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1638584
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1976
Construction
WOOD
Total area
29,353 SF
Lot
1.58 ac (68,837 SF)
APN
016-161-056-000
UPID
US09-1638584
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
-
Nissen Village Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.94M
Blend (final)
Blend
$3.29M
Owner & transaction history
Stanley Lum · 9 yrs held
Stanley Lum
since 2017
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
$3.29M
Range $2.96M – $3.61M · ±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
$112 / 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
$34,915
Tax year 2023
Assessed value
$2,992,149
Assessed 2023
Previous assessed
$2,992,149
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$621,610
Assessed improvement
$2,370,539
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
1
Rooms
66
Bathrooms
12
Total area
29,353 SF
Lot
1.58 ac (68,837 SF)
APN
016-161-056-000
UPID
US09-1638584
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
1976
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
1
Rooms
66
Bathrooms
12
Lot
1.58 ac
Current owner
From public records · entity-resolved
Stanley Lum
Individual
Mailing address
753 FRNT ST, SOLEDAD, CA 93960-3017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Oct 26, 2023
—
Lum Family Properties LP
—
Deed
related
$1,415,000 · Jpmorgan Chase Bank NA
Jun 2, 2017
—
Stanley Lum
Lum Stanley & Jean T Trust
Quit Claim Deed
related
—
Apr 19, 2017
—
Lum,annee Trust
Stanley Lum
Quit Claim Deed
related
—
Apr 3, 2017
—
Lum Family Properties LP
Lum Family Partnership LP
Grant Deed
$1,600,000 · Jpmorgan Chase Bank NA
Apr 10, 2003
—
Lum Family Partnership LP
Lum Family Partnership LP
Quit Claim Deed
related
$1,000,000 · Washington Mutual Fsb
Mar 7, 2003
—
Anne Lum
Lum,tr
Quit Claim Deed
related
—
—
—
Lum Family Ptshp
—
Deed Of Trust
related
$1,685,000 · Greystone Servicing Corp
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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