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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Apartment buildings
871 Alice St Monterey, CA 93940-1960
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-2082009
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1986
Construction
WOOD
Total area
7,950 SF
Lot
1.26 ac (55,000 SF)
APN
001-189-001-000
UPID
US09-2082009
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
-
Huckleberry Hill Townhouses Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.44M
Owner & transaction history
Richard A Mccollam · 1 yrs held
Richard A Mccollam
since 2025
Last sale
$1.4M
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 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
$1,435,000
ML approach
$1,435,000
CAP Approach
CAP Return
Estimation
6%
$2,130,000
6.5%
$1,970,000
7%
$1,825,000
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.43M (Mar 25 2024)
Last sale anchor
$1.43M
Mar 25 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
$181 / 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
$63,911
Tax year 2023
Assessed value
$5,764,677
Assessed 2023
Previous assessed
$5,764,677
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,538,827
Assessed improvement
$4,225,850
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Buildings
8
Stories
3
Units
6
Rooms
5
Bathrooms
1
Total area
7,950 SF
Lot
1.26 ac (55,000 SF)
APN
001-189-001-000
UPID
US09-2082009
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
Year built
1986
Construction
WOOD
Heating
NONE
Stories
3
Buildings
8
Units
6
Rooms
5
Bathrooms
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Richard A Mccollam
Individual
Free & Clear · 1 yrs held
Mailing address
871 ALICE ST, MONTEREY, CA 93940-1960
Mailing matches property
Yes
Owner-occupied
Yes
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
—
Richard A Mccollam
Tracy H Mccollam
Deed
related
—
Mar 25, 2024
—
Richard E Roberts
Richard E Roberts
Intrafamily Transfer
related
—
Feb 10, 2021
—
Andrew Duncan Tood
David William Todd
Intrafamily Transfer
related
—
Apr 8, 2019
—
Todd,elizabeth Family Trust
Todd Elizabeth A F/tr
Correction Deed
related
—
Apr 3, 2019
—
Todd,elizabeth Family Trust
Todd Elizabeth A F/tr
Quit Claim Deed
related
—
Jan 18, 2018
—
Todd,david W & Theresa 2016 Trust
Todd,david W & Elizabeth A
Quit Claim Deed
related
—
Mar 10, 2017
—
Richard E Roberts
Roberts,judith A
Quit Claim Deed
related
$3,500,000 · Provident Cu
Mar 10, 2017
$1,062,000
David W Todd
Roberts R & J A Trust
Grant Deed
related
—
Oct 26, 2016
—
Todd,elizabeth Family Trust
Todd Carol G Living Trust
Quit Claim Deed
related
—
Aug 9, 2016
—
Richard E Roberts
Roberts Richard & J Trust
Quit Claim Deed
related
—
Mar 10, 2016
—
David W Todd
Todd,carol G
Affidavit Of Death
related
—
Mar 3, 2015
—
Carol G Todd
Todd Carol G Trust
Quit Claim Deed
related
—
Jul 22, 2013
—
Houghton Family 1989 Trust
Houghton Family 1989 Trust
Quit Claim Deed
related
—
Dec 17, 2012
—
Roberts Richard & J Trust
Houghton & Roberts
Quit Claim Deed
related
—
Jan 20, 2012
$1,433,500
Houghton
Dewar R L & S M Trust
Grant Deed
$2,400,000 · Provident Cu
Mar 28, 2007
—
John N Anton
Anton,john N
Quit Claim Deed
related
$1,500,000 · Provident Cu
Jun 17, 2004
—
Romig,tr
Romig,idas
Quit Claim Deed
related
—
Sep 2, 1999
—
Todd Trust
Todd Trust
Quit Claim Deed
related
—
Jun 17, 1997
—
Dewar Trust
Dewar,roderick L
Quit Claim Deed
related
—
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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