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Property profile & analytics
OFF-MARKET Estimated value $680,000
Office buildings

123 Alisal St Salinas, CA 93901-3518

1,689 SF 0.18 ac lot Built 1932
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US10-3020962
Property summary
AI-generated overview

This exceptional 34,188 square foot commercial property located at 123 Alisal Street in Salinas, California presents a rare investment opportunity. Situated on a 0.85-acre lot, this historic building boasts extensive storage, roll-up doors, and a 24-space parking lot, offering remarkable versatility. Its prime downtown location directly across from the County Courthouse ensures unparalleled visibility and accessibility. The property's rich history adds to its unique appeal, making it an ideal canvas for a variety of uses. Importantly, the City of Salinas has already approved a site plan for a significant redevelopment project. This plan envisions transforming the property into a 47,700 square foot mixed-use development, incorporating 1,881 square feet of commercial space and 40 residential units. However, the property's adaptability extends beyond this approved plan

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1932
Construction WOOD
Total area 1,689 SF
Lot 0.18 ac (7,756 SF)
APN 002-221-013-000
UPID US10-3020962
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
Current use
Occupant on record · Public records
  • Ocon Family Chiropractic Alternative Medicine Practice
  • First Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
$430k
Comparable Approach Comparable
$922k
Blend (final) Blend
$680k
Owner & transaction history
Monica Berriz · 5 yrs held
Monica Berriz
since 2021
Last sale
$623,000
7 recorded transactions
2021
Price N/A
2019
Price N/A
2019
$623,000
2006
$815,000
2000
$265,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $675,000 +34.8%
Medical building $525,000 +4.6%
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