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    Mission St Carmel, CA 93923

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    For Sale
    $1,050,000

    Ground lease with improvements in downtown Carmel, California.

    Property size:
    3,518 SF
    Lot size:
    0.19 Acres

    Property Features for Mission St

    General Information

    Size
    3,518 SF
    Lot size
    0.19 Acres

    Source: Mahoney & Associates Commercial Real Estate Agent Peter A. Baird

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

    Overview

    Carmel Retail Ground Lease Opportunity

    Available for purchase is the ground lease of approximately half of an 8,000 square foot retail land parcel in downtown Carmel, California. The purchase includes ownership of the improvements on the land, consisting of three commercial units and one apartment. The ground lease has approximately 33 years remaining on the original 99-year term. The subject site is part of a larger parcel totaling 8,000 square feet and has been ground leased to two leasehold interests, one of which is the subject parcel. The pro-rata estimate of the subject’s leased interest in the site is approximately 4,276 square feet; an exact figure can be ascertained by a surveyor. The property size is 3,518 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Carmel
    County
    Monterey
    State
    California
    Longitude
    -121.9207236
    Latitude
    36.5515419

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    FAQs

    What type of property is this?
    Retail space - Ground lease with improvements in downtown Carmel, California.
    Where is this retail space located?
    The property is located at Mission St Carmel, CA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Prime downtown Carmel, CA retail location.; - Ownership of improvements including **three commercial units and one apartment**.; - Approximately 33 years remaining on a 99-year ground lease.
    (831) 646-1919
    Request Owner's contact information
    Mission St Carmel, CA 93923
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    Carmel, CA 93923
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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
    Mission St Carmel, CA 93923
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