Medical Office Space with 8+ Exam
For Sale
Contact for pricing
262 San Jose St, Salinas, CA 93901
Medical office space in a CO zone with 8+ exam rooms and shared parking for 91 vehicles.
Property Size5,241 SF
Price / SF$285.25
Days on Market255
Property Features for 262 San Jose St
General Information
Standard status
Active
Size
5,241 SF
Property subtype
OFFICE
Zoning
CO
Additional Details
HOA Fee
$1,650
Building Details
Year Built
1980
Listing Agency:
Cushman & Wakefield | Salinas
(831) 449-8000
Listed By:
Woody Fenley
(831) 320-8060
Source:
Moodyscre
Added: Feb 19
Changed: Oct 25
Last Checked: Oct 30 at 2:24PM
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 Cushman & Wakefield | Salinas
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Investment Insights
Based on property information with market context.
This medical office space was built in 1980 and is designed for exam-driven care. The interior includes 8+ exam rooms, multiple private offices, dedicated work areas, and restrooms, supporting both clinical and administrative workflows.
Located at 262 San Jose St in Salinas, the property is part of the Los Palos Medical Village Planned Unit Development, with shared parking for 91 vehicles. Association dues cover parking lot or ground maintenance, building insurance, project painting, and trash.
The layout provides clear separation between patient areas and private workspaces, making it suitable for organizations seeking an exam-room based office environment within a planned medical village setting.
Located at 262 San Jose St in Salinas, the property is part of the Los Palos Medical Village Planned Unit Development, with shared parking for 91 vehicles. Association dues cover parking lot or ground maintenance, building insurance, project painting, and trash.
The layout provides clear separation between patient areas and private workspaces, making it suitable for organizations seeking an exam-room based office environment within a planned medical village setting.
Key Highlights
- 8+ exam rooms plus multiple private offices
- Dedicated work areas and restrooms
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,300
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,000
$1.8M
Cap Rate 7%
$1,261,429
$1.3M
Cap Rate 9%
$981,111
$981.1K
Market Conditions
NOI Build-Up for 5,241 SF
Gross rent
$163.5K $31.20/SF
− Vacancy
−$16.4K −$3.12/SF
EGI
$147.2K $28.08/SF
− OpEx
−$58.9K −$11.23/SF
NOI
$88.3K $16.85/SF
Area
Salinas, CA
Vacancy
10.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,000
Cap Rate 7%
$1,261,429
Cap Rate 9%
$981,111
Alternative Uses
Best Use
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,300 @ 7.0% cap · market cap 5.91%
Second Best
Office B
$1.16M
$1.01M – $1.35M
NOI $80,942 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,520 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,458
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space in a CO zone with 8+ exam rooms and shared parking for 91 vehicles.
Where is this medical office space located?
The property is located at 262 San Jose St Salinas, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 8+ exam rooms plus multiple private offices; Dedicated work areas and restrooms; Built in 1980
