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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Investment properties
800 Lighthouse Ave, Monterey, CA 93940-1049
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3205269
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2000
Construction
TILT-UP CONCRETE
Total area
5,347 SF
Lot
0.26 ac (11,486 SF)
APN
001-071-015-000
UPID
US09-3205269
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
-
Gracie Jiu Jitsu Monterey Training Center Sports School
-
Cypress Boutique Monterey Clothing & Fashion Store
-
tailgate camera Building Supply General Contractor
-
Design Time Creations Jewelry Store Souvenir Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.30M
Owner & transaction history
Phi Mckee LP · 2 yrs held
Phi Mckee LP
since 2024
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+8.5%
Restaurant
$2.9M
+7.9%
Apartment house (5+ units)
$2.9M
+6.6%
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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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
$3,300,000
ML approach
$3,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,685,000
Current use
OFFICE BUILDING
$2,910,000
Change: +8% · Conversion: Easy
RESTAURANT
$2,895,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,860,000
Change: +7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,630,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±10% · vs last sale $3.30M (Jan 5 2024)
Last sale anchor
$3.30M
Jan 5 2024
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
$617 / 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
$11,673
Tax year 2023
Assessed value
$1,051,177
Assessed 2023
Previous assessed
$1,051,177
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$578,147
Assessed improvement
$473,030
Applied tax rate
3.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
3
Bathrooms
2
Total area
5,347 SF
Lot
0.26 ac (11,486 SF)
APN
001-071-015-000
UPID
US09-3205269
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
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.9M
RESTAURANT
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
3
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Phi Mckee LP
Entity
Mailing address
555 ABREGO ST, MONTEREY, CA 93940-3229
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
$3,300,000
Phi Mckee LP
Always Sunny LLC
Grant Deed
—
Nov 8, 2019
$1,850,000
Always Sunny LLC
Troia John A 2003 Trust
Trustees Deed
$1,275,000 · Troia John A 2003 Trust (pt)
Jul 27, 2017
—
John,a Troia 2003 Trust
Troia Frank J Trust
Quit Claim Deed
related
$350,000 · Pacific Valley Bank
Sep 15, 2008
—
Troia Frank J Trust
Troia,frank J
Quit Claim Deed
related
—
Mar 10, 2008
$500,000
Frank J Troia
Troia,salvatore D & Marisa
Grant Deed
related
—
May 5, 2004
—
Troia,tr
Troia,john A
Quit Claim Deed
related
—
Jul 16, 2003
—
John A Troia
Troia,donna
Quit Claim Deed
related
—
—
—
Troia John A 2003 Trust
—
Deed Of Trust
related
$300,000 · Rabobank
—
—
Toria,john A 2003 Trust
—
Deed Of Trust
related
$350,000 · Pacific Vly Bk
—
—
Troia John A 2003 Trust
—
Deed Of Trust
related
$306,173 · Rabobank
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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