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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Apartment buildings
993 Hamilton Ave, Seaside, CA 93955-5225
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-0874589
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
9,360 SF
Lot
0.36 ac (15,552 SF)
APN
012-273-032-000
UPID
US09-0874589
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
$3.40M
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.32M
Owner & transaction history
Thomas P Cutino · 1 yrs held
Thomas P Cutino
since 2024
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+37.0%
Commercial (general)
$4.2M
+12.4%
Office building
$3.9M
+4.7%
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 Seaside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside 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
$3,315,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
$2,510,000
6.5%
$2,315,000
7%
$2,150,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,700,000
Current use
RESTAURANT
$5,070,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,160,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$3,875,000
Change: +5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,850,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,735,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10% · vs last sale $3.27M (May 18 2023)
Last sale anchor
$3.27M
May 18 2023
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
$354 / 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
$16,953
Tax year 2023
Assessed value
$1,526,634
Assessed 2023
Previous assessed
$1,526,634
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$509,236
Assessed improvement
$1,017,398
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
5
Rooms
20
Bathrooms
4
Total area
9,360 SF
Lot
0.36 ac (15,552 SF)
APN
012-273-032-000
UPID
US09-0874589
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.7M
RESTAURANT
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1973
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
5
Rooms
20
Bathrooms
4
Lot
0.36 ac
Current owner
From public records · entity-resolved
Thomas P Cutino
Individual
Free & Clear · 1 yrs held
Mailing address
S VILLANOVA CT, SAND CITY, CA 93955
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
—
Thomas P Cutino
Thomas P Cutino
Deed
related
—
Jun 26, 2023
—
Thomas P Cutino
—
Deed
related
$1,200,000 · Santa Cruz County Bank
May 18, 2023
$3,270,000
Thomas P Cutino
Michael W Rockwell
Grant Deed
$3,050,000 · Steven Stilwell Etal
Apr 28, 2023
$47,500
Michael W Rockwell
Cherise Linck
Grant Deed
—
Oct 6, 2022
$105,200
Michael W Rockwell
Daniel J Rockwell
Grant Deed
related
—
Jul 15, 2022
—
Michael W Rockwell
Dena J Rockwell Mccague
Intrafamily Transfer
related
—
Dec 21, 2012
—
Michael W Rockwell
Rockwell Trust
Quit Claim Deed
related
—
Jun 1, 2010
—
Rockwell Trust
Rockwell Trust
Quit Claim Deed
related
—
Apr 6, 2009
—
Jacqueline Rockwell
Rockwell,dean C
Affidavit Of Death
related
—
Aug 7, 2006
—
Dennis C Rockwell
Rockwell,jacqueline L
Quit Claim Deed
related
—
Sep 15, 1998
—
Dean C Rockwell
Rockwell,dean C & Jacqueline
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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