240 Williams RD, Salinas, CA 93905
COMMERCIAL - SALINAS, CA
- Added:
- Jul 6, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 7 at 2:06 am
Property Features for 240 Williams RD
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial Retail (CR)
- Parking
- 10
- Standard status
- Active
- Lot size
- 0.36 Acres
Utilities
- Heating system
- None (Heating)
- Water source
- Public
Building Details
- Year built
- 1946
- Roof type
- Flat
Listing agent Eddie Guajardo License #02056453 (831) 206-2335
Listing office eXp Realty of California Inc 2603 Camino Ramon Suite 200, San Ramon, CA 8885849427x119
Listing date Jul 6, 2026
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 240‑242 Williams Rd commercial retail property with approx. 5,394 SF building and approx. 0.36‑acre L‑shaped parcel
- Williams Rd frontage plus paved onsite parking
- Flat roof; heating listed as none
- Public water source
- Additional unused yard/storage area that may support future utility or expansion (subject to buyer verification and City approval)
- Sold strictly as‑is; building will require significant renovation (Year built: 1946)
Overview
Located in East Salinas, the property sits under Commercial Retail (CR) zoning and has Williams Rd frontage. This combination of frontage, paved parking, and on-site yard/storage area can be appealing for buyers looking for flexibility in how to approach the redevelopment or repositioning of a retail site.
Given the condition and the as-is sale requirement, the property is best suited to an investor, contractor, developer, or an experienced owner-user prepared to manage substantial renovation. Buyer attention to due diligence is important, particularly regarding the potential use of the unused yard/storage area and any City approvals that may be required. Cash and strong quick-close buyers are preferred.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.6132852
- Latitude
- 36.6754273
