Downtown Two-Unit Office
109 E Alisal Street, Salinas, CA 93901
Two separate office suites with private offices, courtyard, updates, and on-site parking in downtown Salinas.
Type:Commercial/Industrial
Property size:
3,770 SFPrice / SF:
$263/SF- Added:
- May 22, 2026
- Days on Market:
- 36
- Last Refresh:
- Jun 25 at 8:41 pm
Property Features for 109 E Alisal Street
General Information
- Standard status
- Active
- Size
- 3,770 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1947
Listing office Agency One Real Estate (831) 262-1955
Listing date May 22, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Agency One Real Estate
HighLights
- 3770 sq ft office building (built 1947) in downtown Salinas with approx 800 sq ft basement not included in total sqft
- Split into two suites: one tenant uses approx 1500 sq ft and pays $1950/month
- Second suite totals approx 2270 sq ft (with approx 800 sq ft basement) and will be delivered vacant for owner‑user use
- Updates include new roof, new windows, new flooring, and new paint
- Larger suite features multiple private offices, conference room, kitchen area, private bathroom, and private outdoor courtyard
- On‑site parking for 12 spaces plus nearby on‑street parking
Overview
This for-sale office building totals 3,770 square feet, with an approximately 800-square-foot basement that is not included in the stated total. The property is split into two independent units, with one side currently occupied and the other set to be delivered vacant for an owner-user or additional leasing. The larger suite includes multiple private offices, a conference room, kitchen area, private bathroom, a private outdoor courtyard, and multiple storage areas. The smaller unit features hardwood flooring, a kitchen, a private bathroom, and a storage room. Overall building condition is described as good, with updates in recent years that include a new roof, new windows, new flooring, and new paint.
The building is located in downtown Salinas near the heart of the business district, within walking distance to shops and restaurants. Public remarks also note more than 1,000 cars per day passing the property, along with nearby on-street parking. There are 12 parking spaces on site.
For tenants and owner-users, the layout supports a professional, private-office environment with conference and kitchen amenities, plus outdoor space for the larger unit. For investors, the two-unit configuration offers the flexibility to occupy one side while leasing the other, or rent both suites depending on operational goals.
The building is located in downtown Salinas near the heart of the business district, within walking distance to shops and restaurants. Public remarks also note more than 1,000 cars per day passing the property, along with nearby on-street parking. There are 12 parking spaces on site.
For tenants and owner-users, the layout supports a professional, private-office environment with conference and kitchen amenities, plus outdoor space for the larger unit. For investors, the two-unit configuration offers the flexibility to occupy one side while leasing the other, or rent both suites depending on operational goals.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.5k | $26.40 |
| − Vacancy | −$21.9k | −$5.81 |
| EGI | $77.6k | $20.59 |
| − OpEx | −$19.4k | −$5.15 |
| NOI | $58.2k | $15.44 |
3,770 SF · lease $26.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$831.8K
$727.8K – $970.4K
NOI $58,224 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,097 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Herbalife Club
Weight Loss Service
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.6519548
- Latitude
- 36.6745521
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two separate office suites with private offices, courtyard, updates, and on-site parking in downtown Salinas.
Where is this office building located?
The property is located at 109 E Alisal Street Salinas, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3770 sq ft office building (built 1947) in downtown Salinas with approx 800 sq ft basement not included in total sqft; Split into two suites: one tenant uses approx 1500 sq ft and pays $1950/month; Second suite totals approx 2270 sq ft (with approx 800 sq ft basement) and will be delivered vacant for owner‑user use
