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    439 Alvarado St Monterey, CA 93940

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    For Sale
    $5,000,000

    Multi-tenant retail property in a dense, affluent Monterey community.

    Property size:
    11,972 SF
    Lot size:
    0.28 Acres

    Property Features for 439 Alvarado St

    General Information

    Size
    11,972 SF
    Lot size
    0.28 Acres

    Source: Legacy Real Estate Advisors Agent Alexander Burks

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

    Overview

    Retail Property in Monterey, CA

    This multi-tenant retail property is located in Monterey, California. The surrounding community is densely populated, with over 10,000 residents within a 1-mile radius and over 60,000 residents within a 3-mile radius. The property is within walking distance of the Middlebury Institute of International Studies at Monterey. The area is affluent, with an average household income exceeding $120,000 within a 3-mile radius. It is also in close proximity to Monterey Peninsula College and Community Hospital of the Monterey Peninsula. The property size is 11,972 square feet. A population growth of +.75% is projected through 2028 within 1 and 3 mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mechanics Bank - Monterey ... Bank

    Suggested Use

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

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

    Similar Places Nearby

    SHOPPING CENTER

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.8943756
    Latitude
    36.5990783

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    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail property in a dense, affluent Monterey community.
    Where is this shopping center located?
    The property is located at 439 Alvarado St Monterey, CA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Multi-tenant retail property in Monterey, CA.; - Affluent area with average household income exceeding $120,000 within a 3-mile radius.; - Dense community with over 10,000 residents within a 1-mile radius.
    (630) 696-0558
    Request Owner's contact information
    439 Alvarado St Monterey, CA 93940
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    Monterey, CA 93940
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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
    439 Alvarado St Monterey, CA 93940
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