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Property profile & analytics
OFF-MARKET
Estimated value
$2,520,000
Medical Office Space
980 Cass St Monterey, CA 93940-4507
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2647805
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1950
Construction
WOOD
Total area
6,521 SF
Lot
0.58 ac (25,229 SF)
APN
001-603-032-000
UPID
US09-2647805
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
-
Damon Anderson & Associates Physical Therapy Medical Clinic
-
Christopher E. Clevenger, MD Physician
-
Dr. Richard Dauphine Physician
-
Dr. Dauphiné Physician
-
Sports Medicine Center Medical Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.52M
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$2.52M
Owner & transaction history
Brian Robert Carr · 2 yrs held
Brian Robert Carr
since 2024
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+75.8%
Restaurant
$3.5M
+74.9%
Apartment house (5+ units)
$3.5M
+72.7%
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
$2,520,000
ML approach
$2,520,000
CAP Approach
CAP Return
Estimation
6%
$1,840,000
6.5%
$1,695,000
7%
$1,575,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,020,000
Current use
OFFICE BUILDING
$3,550,000
Change: +76% · Conversion: Easy
RESTAURANT
$3,530,000
Change: +75% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,490,000
Change: +73% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,270,000
Change: +62% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,210,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,600,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$1,900,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.27M – $2.77M · ±10% · vs last sale $2.52M (Apr 19 2024)
Last sale anchor
$2.52M
Apr 19 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
$386 / 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
$24,754
Tax year 2023
Assessed value
$2,251,621
Assessed 2023
Previous assessed
$2,251,621
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,072,201
Assessed improvement
$1,179,420
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
1950
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
9
Bathrooms
2
Total area
6,521 SF
Lot
0.58 ac (25,229 SF)
APN
001-603-032-000
UPID
US09-2647805
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
$2.0M
OFFICE BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1950
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
9
Bathrooms
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
Brian Robert Carr
Individual
Mailing address
980 CASS ST, MONTEREY, CA 93940-4507
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
$2,520,000
Brian Robert Carr
980 Cass Street LLC
Grant Deed
$1,263,500 · Wells Fargo Bank NA
Apr 19, 2024
—
Brian Robert Carr
Linda C Martin
Intrafamily Transfer
related
$971,600 · Wells Fargo Bank NA
Feb 24, 2023
—
980 Cass Street LLC
Damon J Anderson
Grant Deed
—
Apr 1, 2019
$2,100,000
Anderson Family Living Trust
Dauphine Family Living Trust
Grant Deed
$1,637,000 · Dauphine Family Living Tr (lt)
Dec 2, 1996
—
Dauphine Trust
Dauphine,richard T & Susan M
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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