Monterey Commercial Corridor
For Sale
Contact for pricing
527-539 Ramona Ave, Monterey, CA
Partially occupied commercial property in Monterey's commercial corridor.
Property Size16,563 SF
Lot Size0.68 Acres
Price / SF$222.79
Days on Market380
Property Features for 527-539 Ramona Ave
General Information
Standard status
Active
Size
16,563 SF
Lot size
0.68 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Mahoney & Associates Commercial Real Estate
(831) 646-1919
Listed By:
David Baird
(831) 263-9513
Source:
Moodyscre
Added: Sep 23, 2025
Changed: Aug 14
Last Checked: Oct 5 at 9:03PM
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
Investment Insights
Based on property information with market context.
Located in the heart of Monterey’s commercial corridor, 527-539 Ramona Avenue presents an opportunity for investors and owner-users. The property is partially occupied, providing immediate income with the flexibility to occupy or lease the remaining space. Situated within the North Fremont Specific Plan area, the zoning accommodates a range of commercial uses, including retail, office, and service-oriented businesses. The site benefits from exposure off North Fremont Street, which experiences an average daily traffic flow of over 28,000 vehicles. The property is positioned for long-term value and strategic growth due to its proximity to Highway 1, national retailers, and ample on-site parking. The property size is 16563 square feet.
Key Highlights
- Rare opportunity for investors and/or owner‑users in the heart of Monterey’s commercial corridor.
- Partially occupied, offering immediate income with flexibility to occupy or lease remaining space.
- Located within the North Fremont Specific Plan area, allowing for a wide range of commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$239,914
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,798,280
$4.8M
Cap Rate 7%
$3,427,343
$3.4M
Cap Rate 9%
$2,665,711
$2.7M
Market Conditions
NOI Build-Up for 16,563 SF
Gross rent
$357.8K $21.60/SF
− Vacancy
−$15.0K −$0.91/SF
EGI
$342.7K $20.69/SF
− OpEx
−$102.8K −$6.21/SF
NOI
$239.9K $14.48/SF
Area
Monterey County, CA
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,798,280
Cap Rate 7%
$3,427,343
Cap Rate 9%
$2,665,711
Alternative Uses
Best Use
Retail
$3.43M
$3.00M – $4.00M
NOI $239,914 @ 7.0% cap · market cap 6.50%
Second Best
Office B
$3.32M
$2.91M – $3.88M
NOI $232,545 @ 7.0% cap · market cap 6.30%
Theoretical Best
Specialty Retail
$6.32M
$5.53M – $7.38M
NOI $442,699 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Partially occupied commercial property in Monterey's commercial corridor.
Where is this flex space located?
The property is located at 527-539 Ramona Ave Monterey, CA.
What is the asking price?
The asking price for this property is $3,690,000.
What are key features of this property?
This property features: Rare opportunity for investors and/or owner‑users in the heart of Monterey’s commercial corridor.; Partially occupied, offering immediate income with flexibility to occupy or lease remaining space.; Located within the North Fremont Specific Plan area, allowing for a wide range of commercial uses.
