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Property profile & analytics
OFF-MARKET
Estimated value
$11,030,000
Apartment buildings
991 Madeira Ave, Salinas, CA 93905-2226
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-3330047
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Lot
2.24 ac (97,742 SF)
APN
004-601-041-000
UPID
US09-3330047
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
$8.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.03M
Owner & transaction history
Bdoone Holdings LLC · 1 yrs held
Bdoone Holdings LLC
since 2025
Last sale
$11.2M
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 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
$10,695,000
ML approach
$8,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.03M
Range $9.93M – $12.13M · ±10% · vs last sale $11.20M (May 12 2025)
Last sale anchor
$11.20M
May 12 2025
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
—
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
$23,134
Tax year 2023
Assessed value
$1,658,266
Assessed 2023
Previous assessed
$1,658,266
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$197,857
Assessed improvement
$1,460,409
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Heating
NONE
Lot
2.24 ac (97,742 SF)
APN
004-601-041-000
UPID
US09-3330047
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
Heating
NONE
Lot
2.24 ac
Current owner
From public records · entity-resolved
Bdoone Holdings LLC
Entity
Mailing address
610 N SANTA ANITA AVE, ARCADIA, CA 91006-2722
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
$11,200,000
Bdoone Holdings LLC
Pi Properties No 33 LLC
Grant Deed
$9,285,000 · Egbgc Trust
Sep 29, 2023
—
Pl Properties No 33 LLC
—
Deed
related
$5,320,000 · Orange Countys Cu
Apr 27, 2023
$10,500,000
Pi Properties No 33 LLC
Michael T Knott
Grant Deed
—
Aug 26, 2022
—
Charline A Knott
—
Deed
related
$3,010,000 · Jpmorgan Chase Bank NA
Apr 24, 2008
—
Charline A Knott
Michael T Knott
Intrafamily Transfer
related
$2,700,000 · Washington Mutual Bank
Aug 29, 2002
—
Knott,tr
Knott,charline A
Quit Claim Deed
related
$2,610,000 · Washington Mutual Fsb
Jul 24, 2002
—
Charline A Knott
Knott,tr
Quit Claim Deed
related
—
Jun 30, 1992
—
Charline K Knott
Knott,michael T
Quit Claim Deed
related
$1,200,000 · Home Savings Of America
—
—
Knott Trust
—
Deed Of Trust
related
$1,960,000 · Washington Mutual Fsb
—
—
Charline K Knott
—
Deed Of Trust
related
$1,400,000 · Home Savings 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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