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Property profile & analytics
OFF-MARKET
Estimated value
$46,940,000
Community centers
796 Northridge Shopping Ctr Salinas, CA 93906-2015
Entity Owned
~
Est. High Equity
Property ID
US09-1321548
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Lot
3.3 ac (143,748 SF)
APN
253-201-048-000
UPID
US09-1321548
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
-
Chopstix Restaurant
-
Chick-fil-A Take-out & Catering Catering Service
-
Nova Cotton Candy Robot Specialty Food Shop Candy Store
-
ecoATM Recycling Center Electronics Vending Machine
-
WALTZ Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$46.94M
Owner & transaction history
Mershop Northridge LLC
Mershop Northridge LLC
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$65,810
Tax year 2023
Assessed value
$5,681,326
Assessed 2023
Previous assessed
$5,681,326
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,012,135
Assessed improvement
$3,669,191
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Heating
NONE
Units
1
Lot
3.3 ac (143,748 SF)
APN
253-201-048-000
UPID
US09-1321548
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
Units
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Mershop Northridge LLC
Entity
Mailing address
100 MAIN ST #36, HOUSTON, TX 77002-1721
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2025
—
Mershop Northridge LLC
Bridge Group Investments LLC
Grant Deed
—
Feb 1, 2023
—
Bridge Group Investments LLC
—
Deed
related
$50,000,000 · First Republic Bank
Jan 30, 2023
—
Bridge Group Investments LLC
Mersho Investments LLC
Correction Deed
related
$50,000,000 · First Republic Bank
Dec 6, 2022
$93,100,000
Mersho Investments LLC
Northridge Owner LP
Grant Deed
—
Jun 5, 2013
—
Northridge Owner LP
Macerich Northridge LP
Grant Deed
$78,780,000 · Cantor Commercial Real Estate Lendi
Jul 1, 2004
—
Northridge Fashion Center LLC
—
Deed Of Trust
related
$85,000,000 · Teachers Insurance & Annuity
Sep 18, 2003
—
Northridge Fashion Center LLC
Northwestern Mutual Life Ins
Quit Claim Deed
related
$98,500 · Macerich Manhattan LP
Jun 19, 1992
$700,000
Northwestern Mutual Life Insuran
Raminfar,anayat
Grant Deed
—
Jul 6, 1989
$820,000
Sheldon L Pollac
Eureka,fed Sav
Grant Deed
$380,000 · Eurekabank
—
—
Northridge Fashion Center LLC
—
Deed Of Trust
related
$72,000,000 · Teachers Insurance & Annuity
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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