Versatile Commercial Building in
For Sale
$675,000
136 Dixi St, Soledad, CA 93960
Commercial building with office suites, shop, and retail space.
Property Size2,000 SF
Lot Size0.12 Acres
Price / SF$337.50
Days on Market152
Property Features for 136 Dixi St
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.12 Acres
Property subtype
Commercial
Building Details
Year Built
1929
Stories
1
Listing Agency:
Pinnacles Real Estate Group
(831) 235-0143
Listed By:
Freddy Ledesma · License #01081566
(831) 235-0143
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 2:03PM
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 Pinnacles Real Estate Group
Investment Insights
Based on property information with market context.
This commercial building presents multiple income-producing opportunities. It includes three separate office suites, a mechanic or body shop with a dedicated office, and a 2,000 sq. ft. retail storefront at the front of the building. Currently, only the retail space is leased. The other units are vacant due to the pending sale. Given the shortage of office space in downtown Soledad, this property is suitable for various uses. The flexible layout allows for creative vision. All measurements are approximate.
Key Highlights
- Multiple income‑producing opportunities with office suites, a mechanic/body shop, and a retail storefront.
- Vacant units offer immediate upside for owner‑user or investor to maximize potential.
- 2,000 sq. ft. retail storefront with existing lease provides immediate income.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,970
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,400
$579.4K
Cap Rate 7%
$413,857
$413.9K
Cap Rate 9%
$321,889
$321.9K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.2K $21.60/SF
− Vacancy
−$1.8K −$0.91/SF
EGI
$41.4K $20.69/SF
− OpEx
−$12.4K −$6.21/SF
NOI
$29.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,400
Cap Rate 7%
$413,857
Cap Rate 9%
$321,889
Alternative Uses
Best Use
Retail
$413.9K
$362.1K – $482.8K
NOI $28,970 @ 7.0% cap · market cap 4.29%
Second Best
Office B
$401.1K
$351.0K – $468.0K
NOI $28,080 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$763.7K
$668.2K – $890.9K
NOI $53,456 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 93960, CA
26,093
Population
4,998
Households
5.2
Avg Household Size
33
Median Age
7%
College-Educated
59%
High-School Grad
174.1 sq mi
ZIP Area
150
Density / Sq Mi
$92,504
Median Household Income
$31,660
Median Earnings
$1,492
Median Rent
$567,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial building with office suites, shop, and retail space.
Where is this office units located?
The property is located at 136 Dixi St Soledad, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Multiple income‑producing opportunities with office suites, a mechanic/body shop, and a retail storefront.; Vacant units offer immediate upside for owner‑user or investor to maximize potential.; 2,000 sq. ft. retail storefront with existing lease provides immediate income.**
