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    557 Brunken Ave Salinas, CA 93901

    For Sale
    $7,400,000

    Multi-tenant industrial building, high ROI potential.

    Property size:
    41,070 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional investment opportunity presents a substantial multi-tenant industrial building ideally situated in Salinas' thriving industrial district at 557 & 561 Brunken Avenue. The property encompasses a generous 41,070 square feet of warehouse/industrial space distributed across 18 individual suites, currently occupied by 13 tenants. The expansive 2.09-acre lot provides ample space and potential for future expansion or development. The property is zoned Industrial-General (IG), offering flexibility for a variety of uses. Currently, the building benefits from a diverse tenant mix, with unit sizes ranging from approximately 1,000 to 8,325 square feet. A significant value-add opportunity exists due to below-market rents on existing leases, all of which expire at the end of March 2025. This presents a clear path to increase net operating income and significantly enhance the property's market value. The strategic location within Salinas' industrial core, combined with the substantial size and existing tenancy, makes this a rare and compelling investment prospect in a highly sought-after market. Don't miss this chance to acquire a large-scale industrial property with considerable upside potential. The asking price is $7,400,000.

    Property Features for 557 Brunken Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    41,070 SF
    Lot Size
    91,040 SF

    Building Details

    Year Built
    1972
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bettencourt Custom Floors ... Flooring Contractor Pureserve Building Services Janitorial Service Happy Dog Food Pet Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.6395
    Latitude
    36.66445

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-tenant industrial building, high ROI potential.
    Where is this commercial real estate located?
    The property is located at 557 Brunken Ave Salinas, CA.
    What is the asking price?
    The asking price for this property is $7,400,000.
    (831) 422-5327
    Request Owner's contact information
    557 Brunken Ave Salinas, CA 93901
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    Salinas, CA 93901
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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
    557 Brunken Ave Salinas, CA 93901
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