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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Investment properties
865 Abbott St Salinas, CA 93901-4316
Trust Owned
10-yr Hold
Free & Clear
Property ID
US10-3017100
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1949
Total area
8,300 SF
Lot
0.7 ac (30,400 SF)
APN
002-761-005-000
UPID
US10-3017100
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
-
Coastal Roofing and Solar Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.56M
Owner & transaction history
Lewis,leland & Judith Trust · 10 yrs held
Lewis,leland & Judith Trust
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+6.5%
Office building
$2.5M
+1.8%
Retail stores
$2.4M
+0.2%
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%
$1,825,000
6.5%
$1,685,000
7%
$1,565,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,415,000
Current use
MEDICAL BUILDING
$2,570,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$2,455,000
Change: +2% · Conversion: Easy
RETAIL STORES
$2,420,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10%
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
$187 / 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
$15,887
Tax year 2023
Assessed value
$1,366,618
Assessed 2023
Previous assessed
$1,366,618
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$498,540
Assessed improvement
$868,078
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1949
Heating
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
5
Total area
8,300 SF
Lot
0.7 ac (30,400 SF)
APN
002-761-005-000
UPID
US10-3017100
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
$2.4M
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1949
Heating
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
5
Lot
0.7 ac
Current owner
From public records · entity-resolved
Lewis,leland & Judith Trust
Trust
Free & Clear · 10 yrs held
Mailing address
7 MENTONE RD, CARMEL, CA 93923-9761
Ownership since
2015
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
Sep 28, 2015
—
Lewis,leland & Judith Trust
Lewis,judith S
Quit Claim Deed
related
—
Aug 5, 2015
—
Judith S Lewis
Lewis,leland R
Affidavit Of Death
related
—
Sep 4, 2003
$1,000,000
Leland R Lewis
Sinatra,victor M & Judy L
Grant Deed
$675,000 · Community Bank Central Ca
Sep 4, 2003
—
Victor Sinatra
Sinatra,kathleen
Quit Claim Deed
related
—
Feb 26, 2001
—
Victor M Sinatra
Sinatra,victor
Quit Claim Deed
related
$495,000 · Southern Pacific Bank
Sep 28, 1994
—
Victor Sinatra
Sinatra,judy L
Quit Claim Deed
related
$180,000 · Salinas City Deferred Compensa
—
—
Victor Sinatra
—
Deed Of Trust
related
$70,000 · Bank Of Salinas
—
—
Victor Sinatra
—
Deed Of Trust
related
$91,000 · Lewis Trust
—
—
Victor Sinatra
—
Deed Of Trust
related
$385,000 · John E Copeland Trustee
—
—
Victor M Sinatra
—
Deed Of Trust
related
$120,000 · 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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