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    FOR LEASE
    Automotive properties

    2100 Del Monte Ave, Monterey, CA 93940

    1,596 SF 0.31 ac lot Built 2013
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US09-2686168
    Property summary
    AI-generated overview

    This exceptional 2,994 square foot automotive repair facility is ideally situated at 2100 Del Monte Ave in Monterey, CA 93940, on a 13,603 square foot lot. Built in 1960 and renovated in 2012, the property boasts a spacious layout with five roll-up doors providing high visibility on a major thoroughfare between Monterey and Seaside. The building features two above-ground lifts (available for purchase), compressed air hookups in each bay, radiant floor heating, and a newer asphalt parking surface with 12 off-street spaces. Two bays have existing 9,000 and 12,000 lb. capacity lifts. The property includes a 374 sq ft office, an ADA-compliant restroom, and a staff restroom. The building has a mix of older and newer sections, with the older section featuring four skylights and two 10'x10' service bays, while the newer section contains three 10'x10' bays, an air compressor, and tool storage. Zoned C3 (General Commercial), the property is suitable for various uses including retail sales, vehicle sales/services/rentals, auto washing, service stations, and vehicle storage. A 2021 Phase I environmental survey recommends no further action. Its location near Highway 1 on/off ramps provides excellent accessibility and high visibility. The property's power supply is 120 amps/240 volts. The APN is 013-022-024. This is a turnkey opportunity for an automotive business seeking a well-maintained and strategically located facility.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 2013
    Construction WOOD
    Total area 1,596 SF
    Lot 0.31 ac (13,617 SF)
    APN 013-022-024-000
    UPID US09-2686168
    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
    $1.63M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.71M
    Owner & transaction history
    Taylor Loesch · 4 yrs held
    Taylor Loesch
    since 2022
    Last sale
    $1.8M
    4 recorded transactions
    2022
    $1.8M
    2022
    1999
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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