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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Medical Office Space
925 Pacific St, Monterey, CA 93940
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-0332681
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1965
Construction
TILT-UP CONCRETE
Total area
2,444 SF
Lot
0.26 ac (11,200 SF)
APN
001-601-019-000
UPID
US09-0332681
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$979k
Blend (final)
Blend
$1.03M
Owner & transaction history
Atrium Gardens Apartments LLC · 5 yrs held
Atrium Gardens Apartments LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+75.8%
Commercial (general)
$1.2M
+62.1%
Auto repair, garage
$975,000
+28.8%
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
$925,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$755,000
Current use
OFFICE BUILDING
$1,330,000
Change: +76% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,225,000
Change: +62% · Conversion: Easy
AUTO REPAIR, GARAGE
$975,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$710,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.09M (May 13 2021)
Last sale anchor
$1.09M
May 13 2021
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
$419 / 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
$12,490
Tax year 2023
Assessed value
$1,128,834
Assessed 2023
Previous assessed
$1,128,834
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$624,240
Assessed improvement
$504,594
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Stories
1
Units
1
Rooms
16
Bathrooms
3
Total area
2,444 SF
Lot
0.26 ac (11,200 SF)
APN
001-601-019-000
UPID
US09-0332681
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
MEDICAL BUILDING Current
Est. value
$755,000
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$975,000
RETAIL STORES
Est. value
$710,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1965
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Stories
1
Units
1
Rooms
16
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Atrium Gardens Apartments LLC
Entity
Mailing address
16787 BCH BLVD #243, HUNTINGTON BEACH, CA 92647-4848
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
$1,085,000
Atrium Gardens Apartments LLC
Cheri Love
Grant Deed
$672,000 · Standard Insurance Co
Oct 27, 2020
—
Younglove Living Trust
Cheri D Love
Quit Claim Deed
related
—
Nov 30, 2001
$850,000
Cheri D Love
Post Trust
Grant Deed
—
Nov 30, 2001
—
Cheri D Love
Young,mark A
Quit Claim Deed
related
$790,000 · Post Trust
Nov 22, 2000
$715,000
Post Trust
Thorngate,david & Mary A
Grant Deed
—
Oct 30, 1992
$500,000
David Thorngate
Mayetani,beatric
Grant Deed
$400,000 · Seller
—
—
Cheri D Love
—
Deed Of Trust
related
$684,000 · Bank Of The West
—
—
Cheri D Love
—
Deed Of Trust
related
$550,000 · Bank Of America
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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