Building Details

Building Size 6,630 SF

Year Built 1952

Buildings 2

Listing Agency: Steinbeck Realty, Inc.

Listed By: Stephen Hernandez · License #01882399 Show Phone

Source: Boujaswenson

Added: Dec 4, 2025 Changed: Oct 26 Last Checked: Oct 26 at 2:46PM

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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 Steinbeck Realty, Inc.

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Investment Insights

Based on property information with market context.

This auto shop property comprises two buildings, an attached parking lot, and a billboard. One building is occupied, while the other is vacant, allowing for separate occupancy or leasing arrangements.

Key Highlights

• Two buildings with an attached parking lot
• One building is leased; the other is vacant
• Billboard lease runs year to year, with owner termination option on 90 days’ notice

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$94,632

Cap Rate

6.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,892,640 $1.9M

Cap Rate 7%

$1,351,886 $1.4M

Cap Rate 9%

$1,051,467 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,630 SF

Gross rent

$143.2K $21.60/SF

− Vacancy

−$8.0K −$1.21/SF

EGI

$135.2K $20.39/SF

− OpEx

−$40.6K −$6.12/SF

NOI

$94.6K $14.27/SF

Area

Salinas, CA

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,892,640

Cap Rate 7%

$1,351,886

Cap Rate 9%

$1,051,467

Alternative Uses

Best Use

Retail

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,632 @ 7.0% cap · market cap 6.76%

Second Best

Industrial

$889.8K

$778.6K – $1.04M (±1% cap)

NOI $62,286 @ 7.0% cap · market cap 4.45%

Theoretical Best

Office A

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,136 @ 7.0% cap · market cap 10.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Veterinary Clinic Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,290

Businesses Nearby

126k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 50% Dining 28% Groceries 21% Home Improvements & Furnishings 2%

Smart & Final Groceries

26,247 visits/mo 0.3 miles

Chase Bank Shops & Services

19,405 visits/mo 0.5 miles

Starbucks Dining

12,084 visits/mo 0.5 miles

El Pollo Loco Dining

9,744 visits/mo 0.4 miles

Carl's Jr. Dining

9,558 visits/mo 0.5 miles

Demographics for 93901, CA

29,700

Population

11,328

Households

2.6

Avg Household Size

37

Median Age

29%

College-Educated

81%

High-School Grad

9.6 sq mi

ZIP Area

3,094

Density / Sq Mi

$91,639

Median Household Income

$47,620

Median Earnings

$1,792

Median Rent

$721,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Auto shop - The site includes an attached parking lot and a billboard alongside its two buildings.

Where is this auto shop located?

The property is located at 14 Front ST 16 Salinas, CA.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Two buildings with an attached parking lot; One building is leased; the other is vacant; Billboard lease runs year to year, with owner termination option on 90 days’ notice