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    312 Abbott St Salinas, CA 93901

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    For Sale
    $5,295,000

    Light industrial condominiums with auto repair and detail uses.

    Property size:
    21,738 SF
    Lot size:
    0.50 Acres

    Property Features for 312 Abbott St

    General Information

    Size
    21,738 SF
    Lot size
    0.50 Acres

    Source: Mahoney & Associates Commercial Real Estate Agent James Kendall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Salinas Light Industrial Condominiums

    Located in Salinas, CA, the property at 312 Abbott St. is available for sale. The property consists of a condominium map containing 12 separate APNs held under a single ownership and being sold as a combined set. The tenant roster includes a mix of auto repair and detail uses, other light industrial uses, and a permitted automotive paint booth. Unit sizes range from approximately 1,447 to 3,389 square feet. The property includes on-site his and hers common area restrooms and approximately 56 off-street parking spaces. The leases were recently renewed with rents brought up to market rate. The surrounding Monterey County area experiences a lack of small, light industrial space available for lease, providing tenant demand for space to lease. The property size is 21,738 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EXCLUSIVE TINTING Window Tinting Service Gregory's Imports Autobody Auto Body Shop Progressive Auto Repair Auto Repair Shop Innovative Street Lights Auto Parts Store Econo Cabinets Cabinet Maker

    Suggested Use

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

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

    Similar Places Nearby

    Yangtse Taste of Thai, Portobello's Catering, Portobello's Inc

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.6462936
    Latitude
    36.6668518

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    FAQs

    What type of property is this?
    Flex space - Light industrial condominiums with auto repair and detail uses.
    Where is this flex space located?
    The property is located at 312 Abbott St Salinas, CA.
    What is the asking price?
    The asking price for this property is $5,295,000.
    What are key features of this property?
    This property features: - Improved cap rate at 6.33%; - Condominium map with 12 separate APNs under single ownership; - Recently renewed leases at market rate
    (831) 275-0129
    Request Owner's contact information
    312 Abbott St 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
    312 Abbott St Salinas, CA 93901
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