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Property profile & analytics
FOR LEASE
Retail space
925 Main St S Salinas, CA 93901
Trust Owned
15-yr Hold
Free & Clear
Property ID
US09-2616205
For Lease
$12 SF/Yr
925 Main St S, Salinas, CA 93901
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
TILT-UP CONCRETE
Total area
12,836 SF
Lot
0.59 ac (25,533 SF)
APN
002-601-024-000
UPID
US09-2616205
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
-
Mandarin Garden Chinese Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
Wirtanen Melanie K Trust · 15 yrs held
Wirtanen Melanie K Trust
since 2010
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.0M
+6.2%
Office building
$3.8M
+1.6%
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%
$3,055,000
6.5%
$2,820,000
7%
$2,615,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,740,000
Current use
MEDICAL BUILDING
$3,975,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$3,800,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,735,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±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
$192 / 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
$36,198
Tax year 2023
Assessed value
$3,152,447
Assessed 2023
Previous assessed
$3,152,447
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,108,281
Assessed improvement
$2,044,166
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
2
Total area
12,836 SF
Lot
0.59 ac (25,533 SF)
APN
002-601-024-000
UPID
US09-2616205
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
RETAIL STORES Current
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
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
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Wirtanen Melanie K Trust
Trust
Free & Clear · 15 yrs held
Mailing address
PO BOX 160, APTOS, CA 95001-0160
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
—
Melanie Kett Wirtanen
—
Deed
related
$1,200,000 · Santa Cruz County Bank
Oct 25, 2010
—
Wirtanen Melanie K Trust
Values Pacific
Grant Deed
—
Apr 28, 2000
—
Values Pacific
Kett Trust
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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