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    900 Cass St Monterey, CA 93940

    For Sale
    $1,650,000

    Two Suites, Prime Location, Investment Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional offering presents a rare chance to acquire two adjoining medical office condos in the highly desirable Cass Street medical district of Monterey, California. The property, located at 900 Cass Street, Suite 101 & 102, encompasses a combined total of approximately 0.03 acres. Suite 101 will be delivered vacant upon closing, providing immediate occupancy for a new owner's business or the potential for lease. Suite 102 comes with an existing lease in place, generating immediate rental income. Both units boast upgraded Class A finishes, reflecting a high standard of quality and appeal. The strategic location within the established Cass Street medical area ensures high visibility and convenient access for patients and staff. Proximity to downtown Monterey further enhances the property's desirability. This combined offering presents a unique investment opportunity, allowing for both immediate occupancy and passive income generation. The rarity of available units in this complex underscores the value and potential of this exceptional property. The sale price for both units is $1,650,000. The precise square footage of each unit is not currently available.

    Property Features for 900 Cass St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,307 SF

    Building Details

    Year Built
    2000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Monterey Program for Executive ... Hospital Dr. James E. ... Obstetrician-Gynecologist Abc Eye Care Ophthalmologist James E Ramseur, ... Gynecologist Monterey Joint Replacement ... Orthopedic Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.8963
    Latitude
    36.59331

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    FAQs

    What type of property is this?
    Commercial real estate - Two Suites, Prime Location, Investment Opportunity
    Where is this commercial real estate located?
    The property is located at 900 Cass St Monterey, CA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    (831) 646-1919
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    900 Cass St Monterey, CA 93940
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    Monterey, CA 93940
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    900 Cass St Monterey, CA 93940
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