New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,800,000
Investment properties
Dolores St, Carmel, CA
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-5057283
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1960
Construction
WOOD
Total area
2,804 SF
Lot
0.15 ac (6,400 SF)
APN
010-138-006-000
UPID
US09-5057283
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
$8.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.80M
Owner & transaction history
Millard Carmel LLC · 4 yrs held
Millard Carmel LLC
since 2021
Last sale
$7.7M
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 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
$7,995,000
ML approach
$8,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.80M
Range $7.02M – $8.58M · ±10% · vs last sale $7.70M (Oct 7 2021)
Last sale anchor
$7.70M
Oct 7 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
$2,782 / 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
$85,940
Tax year 2023
Assessed value
$7,854,000
Assessed 2023
Previous assessed
$7,854,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$5,610,000
Assessed improvement
$2,244,000
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
1960
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
2,804 SF
Lot
0.15 ac (6,400 SF)
APN
010-138-006-000
UPID
US09-5057283
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
Year built
1960
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Millard Carmel LLC
Entity
Mailing address
5115 MAIN STB100, HOUSTON, TX 77002-9749
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2025
—
Millard Carmel LLC
—
Deed
related
$6,000,000 · Monterey County Bank
Oct 7, 2021
$7,700,000
Millard Carmel LLC
Holly Torres
Grant Deed
$5,000,000 · Monterey County Bank
Dec 30, 2019
—
Harry G Parashis
—
Deed
related
$400,000 · Monterey County Bank
Jun 21, 2017
—
Harry G Parashis
—
Deed
related
$3,475,000 · Monterey County Bank
Sep 19, 2007
—
Harry G Parashis
Parashis,letitia R
Quit Claim Deed
related
—
Sep 19, 2007
$5,200,000
Harry G Parashis
Lee,chang H
Grant Deed
$3,000,000 · Monterey County Bank
Dec 5, 2003
—
Chang H Lee
Lee,sandra
Quit Claim Deed
$1,815,000 · First National Bank Central Ca
May 15, 2003
—
Chang H Lee
Millard,tr
Grant Deed
related
$2,090,000 · Millard Trust
Dec 18, 2000
—
Benjamin Trust
Malcolm S Millard Estate
Grant Deed
related
—
—
—
Harry G Parashis
—
Deed Of Trust
related
$1,000,000 · Monterey County Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Dolores St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
