Corner Lot Retail
137 Alisal Street Salinas, CA 93901
137 Alisal Street, Salinas, CA, 93901
$799,000
For Sale
$799,000
Well-maintained retail building on a major street with three rented spaces and nine off-street parking spaces.
Property Size2,500 SF
Price / SF$319.60
Days on Market101
Property Features for 137 Alisal Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1987
Listing agency
First City Real Estate, Inc.
(831) 649-2533
Listed by
Geary Engles · License #00874135
Source
Xome
Added: Apr 14 Updated: Jul 22 at 7:23PM Checked: Jul 22 at 7:23PM
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 First City Real Estate, Inc.
Investment Insights
Based on property information with market context.
This well-maintained corner lot retail building is positioned on a highly traveled major street. The property includes three separate spaces that are currently rented, offering an owner the opportunity to manage multiple income streams within one asset.
Off-street parking is available with nine spaces, supporting convenient customer access for the building’s retail tenants. The property’s corner lot positioning provides visibility from the surrounding roadway.
Overall, the building is configured as a multi-tenant storefront offering street-facing exposure and on-site parking in a single, managed footprint.
Off-street parking is available with nine spaces, supporting convenient customer access for the building’s retail tenants. The property’s corner lot positioning provides visibility from the surrounding roadway.
Overall, the building is configured as a multi-tenant storefront offering street-facing exposure and on-site parking in a single, managed footprint.
Key Highlights
- Well‑maintained retail building on a major street with three separate spaces currently rented
- Corner lot with visibility on a highly traveled major street
- Off‑street parking includes 9 spaces
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $21.60 |
| − Vacancy | −$3.0k | −$1.21 |
| EGI | $51.0k | $20.39 |
| − OpEx | −$15.3k | −$6.12 |
| NOI | $35.7k | $14.27 |
2,500 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$509.8K
$446.0K – $594.7K
NOI $35,683 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.2K
$688.8K – $918.4K
NOI $55,104 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Thee Salon
Hair Salon
Elizabeth Tax Services
Tax Preparation
Similar For Sale Nearby
Similar Off Market Nearby
- Destiny’s Precious Gifts — 216 Abbott St, Salinas, CA 93901
- Precious Gifts & Flowers — 216 Abbott St, Salinas, CA 93901
- Wedding Flowers — 245 Main St, Salinas, CA 93901
FAQs
What type of property is this?
Storefront property - Well-maintained retail building on a major street with three rented spaces and nine off-street parking spaces.
Where is this storefront property located?
The property is located at 137 Alisal Street Salinas, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Well‑maintained retail building on a major street with three separate spaces currently rented; Corner lot with visibility on a highly traveled major street; Off‑street parking includes 9 spaces
