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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Industrial land
791 Work St Salinas, CA 93901-5009
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-4048013
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
5.68 ac (247,390 SF)
APN
003-012-015-000
UPID
US09-4048013
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
-
Work Street Storage Storage Facility
-
Tacos y mariscos El paraíso Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
City Of Salinas · 1 yrs held
City Of Salinas
since 2024
Last sale
$2.1M
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
$1,795,000
ML approach
$2,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10% · vs last sale $2.10M (Apr 6 2023)
Last sale anchor
$2.10M
Apr 6 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
—
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
$25,801
Tax year 2023
Assessed value
$2,251,623
Assessed 2023
Previous assessed
$2,251,623
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,251,623
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
5.68 ac (247,390 SF)
APN
003-012-015-000
UPID
US09-4048013
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
Heating
NONE
Lot
5.68 ac
Current owner
From public records · entity-resolved
City Of Salinas
Entity
Free & Clear · 1 yrs held
Mailing address
1172 S MAIN ST, SALINAS, CA 93901-2204
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2024
—
City Of Salinas
791 Work LLC
Grant Deed
—
Apr 12, 2023
—
Bradley Keith Slama
Kenneth Eugene Slama
Correction Deed
related
—
Apr 6, 2023
—
Bradley Keith Slama
Kenneth Eugene Slama
Intrafamily Transfer
related
—
Mar 23, 2023
—
Bradley Keith Slama
Bradley Slama
Intrafamily Transfer
related
—
Aug 25, 2021
—
Kenneth Eugene Slama
—
Deed
related
$9,200,000 · Standard Insurance Co
Jul 17, 2020
—
Slama,kenneth E Trust
—
Deed
related
$2,000,000 · Slama Trust (pt)
Jun 25, 2019
—
Bradley Slama
—
Deed
related
$1,050,000 · 1st Capital Bank
Mar 26, 2019
—
Bradley Slama
Grace D Slama
Quit Claim Deed
related
$1,100,000 · C H Ventures LLC
Mar 26, 2019
$2,100,000
Slama,kenneth E Trust
Gakhal Properties LLC
Grant Deed
$1,100,000 · C H Ventures LLC
Jan 31, 2017
$1,742,500
Gakhal Properties LLC
Ottone-salinas INC
Grant Deed
—
Jul 29, 2014
—
City Of Salinas
Salinas Tallow Co INC
Quit Claim Deed
related
—
Jul 8, 2014
—
City Of Salinas
Ottone-salinas INC
Grant Deed
—
—
—
Slama,kenneth E Trust
—
Deed Of Trust
related
$2,000,000 · Slama Trust (pt)
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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