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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office Spaces
780 Romie Ln Ste A Salinas, CA 93901-4223
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-3816607
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1984
Total area
2,279 SF
Lot
0.06 ac (2,781 SF)
APN
002-722-001-000
UPID
US09-3816607
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
-
Monterey Dental Sleep Medical Clinic
-
Xudong (Don) Yang DDS Dental Office
-
Kelley William M DDS Dental Office
-
Osaki Harry S DDS Dental Office
-
Ryan T. Payne, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$628k
Blend (final)
Blend
$850k
Owner & transaction history
Mc Squared LLC · 4 yrs held
Mc Squared LLC
since 2022
Last sale
$892,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$910,000
+34.8%
Medical building
$705,000
+4.6%
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
$805,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$580,000
7%
$535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$675,000
Current use
AUTO REPAIR, GARAGE
$910,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$705,000
Change: +5% · Conversion: Easy
RETAIL STORES
$665,000
Change: -2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$665,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $892k (May 16 2022)
Last sale anchor
$892k
May 16 2022
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
$373 / 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
$10,558
Tax year 2023
Assessed value
$909,840
Assessed 2023
Previous assessed
$909,840
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$510,000
Assessed improvement
$399,840
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Units
1
Total area
2,279 SF
Lot
0.06 ac (2,781 SF)
APN
002-722-001-000
UPID
US09-3816607
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 Current
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$910,000
MEDICAL BUILDING
Est. value
$705,000
RETAIL STORES
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$665,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL 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
1984
Heating
NONE
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Mc Squared LLC
Entity
Mailing address
22101 TORO HLS DR, SALINAS, CA 93908-1132
Ownership since
2022
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
May 16, 2022
$892,000
Mc Squared LLC
Harry Stuart Osaki
Grant Deed
$758,200 · Enterprise Bank & Trust
Jan 30, 2009
—
Osaki Family Trust
Osaki,harry S & Daryl Y
Quit Claim Deed
related
—
Oct 31, 2001
$388,000
Harry S Osaki
Mc Lennan,linda L
Grant Deed
$270,000 · First National Bank Central Ca
Oct 8, 1999
—
Mitchell,joe I & Patricia L
Mc Lennan,linda L
Trustees Deed
related
—
Dec 28, 1993
—
Linda L Mclennan
Gorman Trust
Grant Deed
related
—
Oct 14, 1992
$571,500
Joe I Mitchell
Kobrinsky,samuel
Grant Deed
—
—
—
Lina L Mclennan
—
Deed Of Trust
related
$155,000 · Community Bank Central Ca
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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