Retail Storefront with Yard
240 Williams Road Salinas, CA 93905
240 Williams Road, Salinas, CA, 93905
$1,200,000
Pending
For Sale
$1,200,000
Pending
Retail property with Williams Rd frontage, paved onsite parking, and an unused yard/storage area; sold as-is requiring major renovation.
Property Size5,394 SF
Lot Size0.36 Acres
Days on Market12
Property Features for 240 Williams Road
General Information
- Standard status
- Pending
- Size
- 5,394 SF
- Lot size
- 0.36 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1946
Listing Agency
eXp Realty of California Inc
(831) 206-2335
Listed by
Eddie Guajardo · License #02056453
(831) 206-2335
Source
Exitrealty
Added: Jul 7 Checked: Jul 18 at 2:16 am
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 eXp Realty of California Inc
Investment Insights
Based on property information with market context.
240-242 Williams Rd is a value-add retail property on an L-shaped parcel with Williams Rd frontage and paved onsite parking. The offering includes an approximately 5,394 SF building plus an additional unused yard/storage area.
The building requires significant renovation and is being sold strictly as-is. The property is listed for sale at the time of publication and is presented as a potential redevelopment or contractor-driven opportunity; any future utility or expansion for the yard/storage area would be subject to buyer verification and City approval.
All information should be verified by the buyer, including measurements, conditions, and any intended use of the unused yard/storage area.
The building requires significant renovation and is being sold strictly as-is. The property is listed for sale at the time of publication and is presented as a potential redevelopment or contractor-driven opportunity; any future utility or expansion for the yard/storage area would be subject to buyer verification and City approval.
All information should be verified by the buyer, including measurements, conditions, and any intended use of the unused yard/storage area.
Key Highlights
- Approx. 5,394 SF retail building built in 1946
- 0.36‑acre L‑shaped parcel with Williams Rd frontage
- Paved onsite parking included
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 | $116.5k | $21.60 |
| − Vacancy | −$6.5k | −$1.21 |
| EGI | $110.0k | $20.39 |
| − OpEx | −$33.0k | −$6.12 |
| NOI | $77.0k | $14.27 |
5,394 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.10M
$962.4K – $1.28M
NOI $76,990 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,892 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Retail property with Williams Rd frontage, paved onsite parking, and an unused yard/storage area; sold as-is requiring major renovation.
Where is this storefront property located?
The property is located at 240 Williams Road Salinas, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approx. 5,394 SF retail building built in 1946; 0.36‑acre L‑shaped parcel with Williams Rd frontage; Paved onsite parking included
