Healthcare and Wellness
22402252 N Fremont Street Monterey, CA 93940
For Sale
$1,940,000
For sale storefront property configured for spa and wellness and healthcare use.
Property Size7,374 SF
Price / SF$263.09
Days on Market372
Property Features for 22402252 N Fremont Street
General Information
- Standard status
- Active
- Size
- 7,374 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1956
Listing Agency:
Baird Partnership, Inc.
(831) 646-1919
Listed By:
Peter Baird · License #00533485
Source:
Xome
Added: Jul 19, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:56AM
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 Baird Partnership, Inc.
Investment Insights
Based on property information with market context.
This for-sale commercial storefront property is presented for spa and wellness and healthcare use. The offering includes a total building size of 7,374 square feet.
The property is located at 2240 N Fremont Street in Monterey, California (93940).
The property is located at 2240 N Fremont Street in Monterey, California (93940).
Key Highlights
- For‑sale storefront property configured for spa and wellness and healthcare use
- Zoned PC‑NF Mixed Use
- 25 parking spaces
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 | $159.3k | $21.60 |
| − Vacancy | −$6.7k | −$0.91 |
| EGI | $152.6k | $20.69 |
| − OpEx | −$45.8k | −$6.21 |
| NOI | $106.8k | $14.48 |
7,374 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $106,812 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.82M
$2.46M – $3.28M
NOI $197,094 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Spa & wellness properties
Similar Off Market Nearby
- ELITE TEAM MONTEREY JIUJITSU — 788 Broadway Ave, Seaside, CA 93955
FAQs
What type of property is this?
Spa & wellness property - For sale storefront property configured for spa and wellness and healthcare use.
Where is this spa & wellness property located?
The property is located at 22402252 N Fremont Street Monterey, CA.
What is the asking price?
The asking price for this property is $1,940,000.
What are key features of this property?
This property features: For‑sale storefront property configured for spa and wellness and healthcare use; Zoned PC‑NF Mixed Use; 25 parking spaces
