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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Showrooms
Salinas, CA 93905
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3948489
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2006
Construction
WOOD
Total area
4,565 SF
Lot
1.38 ac (60,112 SF)
APN
153-481-014-000
UPID
US09-3948489
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
by Request
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.25M
Owner & transaction history
Boronda Station LLC · 13 yrs held
Boronda Station LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+27.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,430,000
Current use
AUTO REPAIR, GARAGE
$1,820,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$1,415,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$1,340,000
Change: -6% · Conversion: Easy
RETAIL STORES
$1,330,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10%
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
$273 / 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
$38,121
Tax year 2023
Assessed value
$2,763,018
Assessed 2023
Previous assessed
$2,763,018
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$2,279,934
Assessed improvement
$483,084
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
4,565 SF
Lot
1.38 ac (60,112 SF)
APN
153-481-014-000
UPID
US09-3948489
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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
2006
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Boronda Station LLC
Entity
Free & Clear · 13 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jan 22, 2020
—
Boronda Station LLC
—
Deed
related
$14,750,000 · Miscellaneous Ins Co
Aug 14, 2018
—
Boronda Station LLC
—
Loan Modification
related
$195,000,000 · Miscellaneous Ins Co
Oct 30, 2017
—
Boronda Station LLC
—
Grant Deed
related
$14,750,000 · Miscellaneous Ins Co
Jul 3, 2013
$22,700,000
Boronda Station LLC
Donahue Schriber Realty Grp LP
Grant Deed
—
Jun 17, 2011
—
Donahue Schriber Realty Group
—
Deed Of Trust
related
$365,000,000 · Bank Of America
Dec 30, 2004
—
Donahue Schriber Realty Grp
Donahue Schriber Realty Grp
Quit Claim Deed
related
—
Nov 19, 2003
—
Donahue Schriber Realty Group
Bixby Land Co
Grant Deed
$200,000,000 · Fleet National Bank Ttee
—
—
Boronda Station LLC
—
Loan Modification
related
$195,000,000 · Miscellaneous Ins Co
—
—
Boronda Station LLC
—
Loan Modification
related
$14,750,000 · Miscellaneous Ins Co
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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