Retail Property with Williams Road
240 Williams RD Salinas, CA 93905
For Sale
Under Contract
$1,200,000
COMMERCIAL - SALINAS, CA
Property Size5,394 SF
Lot Size0.36 Acres
Price / SF$222.47
Days on Market21
Property Features for 240 Williams RD
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial Retail (CR)
Parking
10
Standard status
Active Under Contract
Lot size
0.36 Acres
Utilities
Heating system
None (Heating)
Water source
Public
Building Details
Year built
1946
Roof type
Flat
Listing Agency:
eXp Realty of California Inc
8885849427x119
Listed By:
Eddie Guajardo · License #02056453
(831) 206-2335
Added: Jul 9
Last Checked: Jul 29 at 2:06PM
MLS# ML82053258
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
240-242 Williams Rd is a commercial retail property on a L-shaped parcel with Williams Road frontage and paved onsite parking. The offering includes a retail building that will require significant renovation and is being sold strictly as-is. Additional unused yard or storage space is included on-site and may support future utility or expansion, subject to buyer verification and City approval.
The property is located in Salinas, California, within Commercial Retail (CR) zoning.
This is a renovation-forward retail asset with on-site paved parking and an extra yard/storage area to consider for future use, subject to City approval.
The property is located in Salinas, California, within Commercial Retail (CR) zoning.
This is a renovation-forward retail asset with on-site paved parking and an extra yard/storage area to consider for future use, subject to City approval.
Key Highlights
- 240‑242 Williams Rd commercial retail property with approx. 5,394 SF building and approx. 0.36‑acre L‑shaped parcel
- Williams Rd frontage plus paved onsite parking
- Flat roof; heating listed as none
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.5k | $21.60 |
| − Vacancy | −$6.5k | −$1.21 |
| EGI | $110.0k | $20.39 |
| − OpEx | −$33.0k | −$6.12 |
| NOI | $77.0k | $14.27 |
5,394 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.10M
$962.4K – $1.28M
NOI $76,990 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,892 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Commercial retail building on an L-shaped parcel with Williams Rd frontage and paved onsite parking, sold as-is for renovation.
Where is this retail space located?
The property is located at 240 Williams RD Salinas, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 240‑242 Williams Rd commercial retail property with approx. 5,394 SF building and approx. 0.36‑acre L‑shaped parcel; Williams Rd frontage plus paved onsite parking; Flat roof; heating listed as none
