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Property profile & analytics
OFF-MARKET
Estimated value
$8,035,000
Investment properties
Carmel, CA
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-4346829
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1987
Construction
WOOD
Total area
19,765 SF
Lot
0.37 ac (16,000 SF)
APN
010-131-027-000
UPID
US09-4346829
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
$8.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.04M
Owner & transaction history
Richard Vito Sagin · 5 yrs held
Richard Vito Sagin
since 2021
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.7M
+42.6%
Office building
$8.2M
+8.9%
Industrial (general)
$8.1M
+8.2%
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 Carmel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmel 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
$8,205,000
ML approach
$8,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,510,000
Current use
RESTAURANT
$10,705,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$8,180,000
Change: +9% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,125,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,885,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,815,000
Change: +4% · Conversion: Moderate
MEDICAL BUILDING
$6,120,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$8.04M
Range $7.23M – $8.84M · ±10% · vs last sale $7.90M (Mar 19 2021)
Last sale anchor
$7.90M
Mar 19 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
$407 / 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
$101,258
Tax year 2023
Assessed value
$8,219,160
Assessed 2023
Previous assessed
$8,219,160
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$4,941,900
Assessed improvement
$3,277,260
Applied tax rate
1.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Rooms
18
Bathrooms
4
Total area
19,765 SF
Lot
0.37 ac (16,000 SF)
APN
010-131-027-000
UPID
US09-4346829
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
COMMERCIAL (GENERAL) Current
Est. value
$7.5M
RESTAURANT
Est. value
$10.7M
OFFICE BUILDING
Est. value
$8.2M
INDUSTRIAL (GENERAL)
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$6.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1987
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Rooms
18
Bathrooms
4
Lot
0.37 ac
Current owner
From public records · entity-resolved
Richard Vito Sagin
Individual
Mailing address
PO BOX 3044, MONTEREY, CA 93942-3044
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2021
$7,900,000
Richard Vito Sagin
Michelle M Box
Grant Deed
$2,550,000 · Pacific Valley Bank
Dec 18, 2020
—
Joseph,j Dooling & 2003 Trust
Souza & Dooling Invs LLC
Quit Claim Deed
—
Jun 21, 2011
—
Souza & Dooling Invs LLC
Dooling J J & M K Trust
Quit Claim Deed
—
Feb 14, 2007
—
Dooling J J & M K 2003 Trust
Dooling,joseph J JR
Quit Claim Deed
related
—
Aug 6, 1999
—
Joseph J Dooling
Dooling,mary K
Quit Claim Deed
related
$500,000 · Thomas Klinger Retirement Fund
Aug 6, 1999
$3,800,000
Souza Trust
Klinger Family Ptshp
Trustees Deed
—
—
—
Souza & Dooling Invs LLC
—
Loan Modification
related
$1,105,000 · Farmers & Merchants Bk Ctrl Ca
—
—
Souza,tr
—
Deed Of Trust
related
$727,000 · Bank Of Agriculture & Commerce
—
—
Souza Trust
—
Deed Of Trust
related
$650,000 · Bank Of Agriculture & Commerce
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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