Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    167 Davis Ln Monterey, CA 93940

    For Sale
    $1,800,000

    Prime Medical Office, Great Location

    Property size:
    2,537 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 2,537 square foot medical office building, situated at 167 Davis Lane (also known as 172 El Dorado Street) in Monterey, California, presents a compelling investment opportunity. The property sits on a 0.16-acre lot (6,797 square feet), providing ample space and convenience. A significant advantage is the dedicated parking lot accommodating approximately twelve vehicles, ensuring convenient access for patients and staff. The building's location is highly desirable, offering a short walk to the historic Alvarado Street and a quick drive to the scenic Del Monte Beach. Its proximity to other major medical offices and a surgery center further enhances its appeal and potential for continued success. Currently occupied by a long-term tenant, this property is ideally suited for an owner/investor seeking a stable and potentially lucrative investment in a thriving Monterey location. The asking price is $1,800,000. This presents a rare opportunity to acquire a well-situated, established medical office building in a highly sought-after area of Monterey. The property's size, parking, and location combine to create a strong investment prospect with significant long-term potential. Contact us for further details.

    Property Features for 167 Davis Ln

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,537 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1954
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.895
    Latitude
    36.59343

    Nearby Similar for Sale

    • $895,000
      982 SF

      Charming Monterey Commercial Property

      Freestanding office building suitable for medical or professional practices.
      182 El Dorado St, Monterey, CA 93940
      View Details
    • $1,750,000
      3,436 SF

      Monterey Fourplex with ADU Potential

      Fourplex in New Monterey with approved ADU plans.
      830 Parcel St, Monterey, CA 93940
      View Details
    • $3,700,000
      16,563 SF

      Monterey Commercial Corridor Opportunity

      Partially occupied commercial property in Monterey's commercial corridor.
      539 Ramona Ave, Monterey, CA 93940
      View Details
    • $1,990,000
      7,120 SF

      Monterey Retail Property For Sale

      Retail property with high visibility and redevelopment potential in Monterey.
      2240-2252 Fremont St, Monterey, CA 93940
      View Details
    • $1,045,000

      Monterey Duplex Near Attractions

      Duplex in Monterey near beaches, shops, and cultural attractions.
      1270 6Th St, Monterey, CA 93940
      View Details
    • $5,000,000
      11,972 SF

      Retail Property in Monterey, CA

      Multi-tenant retail property in a dense, affluent Monterey community.
      439 Alvarado St, Monterey, CA 93940
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Medical Office, Great Location
    Where is this commercial real estate located?
    The property is located at 167 Davis Ln Monterey, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    (831) 206-7832
    Request Owner's contact information
    167 Davis Ln Monterey, CA 93940
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    167 Davis Ln
    Monterey, CA 93940
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    167 Davis Ln Monterey, CA 93940
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.