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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Office buildings
831 Main St, Salinas, CA 93901-2436
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2778178
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1953
Construction
TILT-UP CONCRETE
Total area
4,575 SF
Lot
0.15 ac (6,694 SF)
APN
002-534-002-000
UPID
US09-2778178
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
-
Dr. Anuradha Reddy, MD Pediatrician Physician
-
Mittal Sheilaja MD Physician
-
WorkWell Medical Group Medical Clinic
-
Michael Beck Physician
-
Agile Occupational Medicine Salinas Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.45M
Owner & transaction history
831 S Main Street LLC · 1 yrs held
831 S Main Street LLC
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+34.8%
Medical building
$1.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,355,000
Current use
AUTO REPAIR, GARAGE
$1,825,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$1,415,000
Change: +5% · Conversion: Easy
RETAIL STORES
$1,335,000
Change: -2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,330,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.84M (Nov 19 2024)
Last sale anchor
$1.84M
Nov 19 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
$316 / 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
$12,229
Tax year 2023
Assessed value
$1,052,488
Assessed 2023
Previous assessed
$1,052,488
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$455,130
Assessed improvement
$597,358
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
9
Bathrooms
4
Total area
4,575 SF
Lot
0.15 ac (6,694 SF)
APN
002-534-002-000
UPID
US09-2778178
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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
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
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
9
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
831 S Main Street LLC
Entity
Mailing address
2210 UN RD, HOLLISTER, CA 95023-9608
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2025
$1,835,000
831 S Main Street LLC
Fernando Gonzalez
Grant Deed
$2,363,000 · The Huntington National Bank
Feb 19, 2025
—
831 S Main St LLC
—
Deed
related
$1,747,000 · The Huntington National Bank
Apr 21, 2016
$1,525,000
Fernando Gonzalez
Mittal Vikram & S Trust
Grant Deed
—
Dec 7, 2015
—
Mittal,vikram & Sheilaja Trust
Mittal,vikram & Sheilaja
Quit Claim Deed
related
—
Mar 15, 2011
$950,000
Vikram Mittal
Clifford C Mortensen
Grant Deed
$735,000 · First Capital Bank
Jun 13, 2008
—
Mortensen Living Trust
Mortensen,clifford C & Patricia A
Quit Claim Deed
related
—
Jun 2, 2008
—
Clifford C Mortensen
Mortensen,clifford C & Patricia A
Quit Claim Deed
related
—
—
—
Clifford C Mortensen
—
Deed Of Trust
related
$200,000 · Aspromonte Partnership
—
—
Vikram Mittal
—
Deed Of Trust
related
$512,000 · California Statewide Certified
—
—
Vikram Mittal
—
Deed Of Trust
related
$657,249 · First Capital Bank Ssb
—
—
Clifford C Mortensen
—
Deed Of Trust
related
$400,000 · Sundean Foundation
—
—
Clifford C Mortensen
—
Deed Of Trust
related
$500,000 · Mccombs Trust
—
—
Clifford C Mortensen
—
Deed Of Trust
related
$325,000 · Mccombs Trust
—
—
Clifford C Mortensen
—
Deed Of Trust
related
$200,000 · Sundean Foundation
—
—
Clifford C Motensen
—
Deed Of Trust
related
$423,000 · First National 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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