Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    312 Abbott St Salinas, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Light industrial condominiums with auto repair and detail uses.

    Type:INDUSTRIAL
    Property size:
    21,738 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $243/SF
    Added:
    Jan 24, 2025
    Days on Market:
    460
    Last Refresh:
    Apr 5 at 9:26 pm

    Property Features for 312 Abbott St

    General Information

    Standard status
    Active
    Size
    21,738 SF
    Lot size
    0.50 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    James Kendall
    James Kendall

    Listing agent James Kendall

    Listing office Mahoney & Associates Commercial Real Estate

    Listing date Jan 24, 2025

    Source Moodyscre

    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 Mahoney & Associates Commercial Real Estate

    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 Interior Design Gregory's Imports Autobody Auto Repair Shop Progressive Auto Repair Auto Repair Shop Innovative Street Lights Auto Parts Store Econo Cabinets General Contractor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Gym & Fitness Center Daycare Center Building Supply

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

    Similar Places Nearby

    • Portobello's Catering — 820 Park Row Ste 804, Salinas, CA 93901
    • Portobello's Inc — 820 park row ste 804, salinas, ca 93901

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.646
    Latitude
    36.6669

    Nearby Similar for Sale

    • $450,000
      1,706 SF

      Dental Office in Salinas Center

      Equipped dental office for sale in Salinas, CA shopping center.
      000 North Salinas, SALINAS, CA 93906
      View Details
    • $3,100,000
      8,286 SF

      Boutique Motel in Salinas, CA

      Well-maintained 25-unit motel with on-site living quarters.
      6 S Wood ST, SALINAS, CA 93905
      View Details
    • $950,000
      2,050 SF

      Charming Fourplex in Salinas

      Unique four-unit property with income potential in Salinas, California.
      119 Carr AVE, SALINAS, CA 93905
      View Details
    • $3,489,000
      12,000 SF

      Mobile Home Park Portfolio Opportunity

      Six parcels with income potential in North Monterey County.
      17653-63 Vierra Canyon RD, SALINAS, CA 93907
      View Details
    • $3,427,500
      2,075 SF

      Equestrian Estate with Income Potential

      17.1-acre Salinas Valley equestrian estate with income potential.
      844 River RD, SALINAS, CA 93908
      View Details
    • $1,750,000
      4,815 SF

      Salinas Multifamily Property For Sale

      Multifamily property in established Salinas neighborhood, near amenities and transportation.
      326 Central AVE, SALINAS, CA 93901
      View Details
    • $1,195,000
      3,770 SF

      Downtown Salinas Office Building

      Two-unit office building in downtown Salinas with investment potential.
      109 E Alisal St, Salinas, CA 93901
      View Details
    • $1,150,000
      8,712 SF

      Downtown Salinas Retail Storefront Building

      Prime commercial building with long-term tenants in downtown Salinas.
      350 Main St, Salinas, CA 93901
      View Details
    • $3,799,000
      19,008 SF

      Salinas Retail/Office Investment Opportunity

      Strip retail and office investment opportunity in Salinas, California.
      1285 - 1287 N Main St, Salinas, CA 93906
      View Details
    • $1,650,000

      Mixed-Use Buildings with Parking & Billboard

      Two buildings, parking lot, and billboard near Highway 101.
      14 Front St 16, Salinas, CA 93901
      View Details
    • $2,025,000
      8,459 SF

      Medical/Office Building For Sale

      8,459 SF medical/office building available for purchase.
      323 Sanborn Rd N, Salinas, CA 93905
      View Details
    • $6,900,000

      Boronda-Espinosa Farmland Investment Opportunity

      111.5+- acre farm with actively farmed row crop ground.
      30 San Jon Rd, Salinas, CA 93907
      View Details

    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing James Kendall
    James Kendall
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!