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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Office buildings
910 Major Sherman Ln Monterey, CA 93940-4642
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-1896189
Property summary
AI-generated overview
Sublease opportunity for ±3,207 square feet of medical office space at 910 Major Sherman Ln, Monterey, CA 93940. This third-floor space features nine exam rooms, a reception area, staff and guest restrooms, and a breakroom. High-quality finishes are present throughout. The building offers convenient elevator access and on-site parking. The current lease expires in October 2029, and the sublease is available immediately. Included in the sublease are numerous furnishings, such as office desks and chairs, exam chairs, refrigerators, and more (see detailed list of included items). The property is zoned C-2 and is a single-tenant occupancy. This is a fantastic opportunity for a medical practice seeking a move-in ready space in a prime downtown Monterey location. Inquire for showing instructions.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
WOOD
Total area
5,896 SF
Lot
0.21 ac (9,162 SF)
APN
001-731-028-000
UPID
US09-1896189
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
-
Traditional Osteopathy of Monterey Alternative Medicine Practice Physician
-
Monterey Urology Center Physician Medical Clinic
-
J Anthony Shaheen Md Physician Medical Clinic
-
Cushing Brian B DO Pediatrician Physician
-
Wendy Wong Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.31M
Owner & transaction history
Shaheen,j Anthony Trust · 8 yrs held
Shaheen,j Anthony Trust
since 2017
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,470,000
6.5%
$1,360,000
7%
$1,260,000
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$222 / 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
$13,611
Tax year 2023
Assessed value
$1,219,713
Assessed 2023
Previous assessed
$1,219,713
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$300,908
Assessed improvement
$918,805
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Stories
3
Units
1
Rooms
2
Total area
5,896 SF
Lot
0.21 ac (9,162 SF)
APN
001-731-028-000
UPID
US09-1896189
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
1985
Construction
WOOD
Heating
NONE
Stories
3
Units
1
Rooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Shaheen,j Anthony Trust
Trust
Mailing address
910 MAJOR SHERMAN LN, MONTEREY, CA 93940-4642
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2017
—
Shaheen,j Anthony Trust
Shaheen,j Anthony
Quit Claim Deed
related
—
Nov 8, 2017
—
J Anthony Shaheen
Shaheen,karen S
Quit Claim Deed
related
—
Feb 3, 2011
—
J Anthony Shaheen
Shaheen,j Anthony
Quit Claim Deed
related
—
Jan 19, 2011
—
Brent R Waldman
Major Sherman Partners
Grant Deed
—
Jun 14, 2002
—
Sherman Partners
Madsen Trust
Grant Deed
$300,000 · Gingrich Trust
Mar 11, 1999
—
Madsen Trust
Madsen,william A
Quit Claim Deed
related
—
—
—
Sherman Partners
—
Deed Of Trust
related
$960,000 · San Benito Bank
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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