Building Details

Year Built 1984

Stories 2

Tenancy Multi

Listing Agency: Mahoney & Associates

Listed By: Patrick Stafford · License #01857243 Show Phone

Source: Crexi

Added: Jul 16 Changed: Oct 9 Last Checked: Oct 19 at 6:56AM

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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 Mahoney & Associates

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Investment Insights

Based on property information with market context.

This well-maintained two-story mixed-use building combines commercial space on the ground floor with a residential apartment on the second floor. The property is positioned on a parcel that supports both uses within the same structure.

The offering is located at 27820 Dorris Dr. in the Mid-Valley commercial district of Carmel. The configuration provides a straightforward live-in or income-supporting setup for an owner-operator or investor.

The building totals approximately 3,400 square feet and is presented for sale.

Key Highlights

• Two‑story mixed‑use commercial property built in 1984
• Approx. 3,400 SF building with ground‑floor commercial space and a residential apartment on the second floor
• Located in the Mid‑Valley commercial district of Carmel

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,995

Cap Rate

2.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$859,900 $859.9K

Cap Rate 7%

$614,214 $614.2K

Cap Rate 9%

$477,722 $477.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,400 SF

Gross rent

$81.6K $24.00/SF

− Vacancy

−$3.4K −$1.01/SF

EGI

$78.2K $22.99/SF

− OpEx

−$35.2K −$10.35/SF

NOI

$43.0K $12.65/SF

Area

Fresno County, CA

Vacancy

4.20%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$859,900

Cap Rate 7%

$614,214

Cap Rate 9%

$477,722

Alternative Uses

Best Use

Apartment 5plus

$614.2K

$537.4K – $716.6K (±1% cap)

NOI $42,995 @ 7.0% cap · market cap 2.87%

Second Best

Mixed Use

$613.5K

$536.8K – $715.7K (±1% cap)

NOI $42,943 @ 7.0% cap · market cap 2.86%

Theoretical Best

Office A

$963.6K

$843.2K – $1.12M (±1% cap)

NOI $67,455 @ 7.0% cap · market cap 4.50%

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

Property Analytics

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Current Use

Acupressure By Ellen ... Alternative Medicine Practice JACK STELLA Alternative Medicine Practice Higher Level - Carmel ... (Bike/Boat/Book/etc) Store Humble Healing Alternative Medicine Practice Ball Barbara Alternative Medicine Practice

Suggested Use

Top Pick Dental Office Auto Repair Shop Building Supply Big Box & Wholesale Store Real Estate Agency Law Firm

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

1

Residential units

Location Intelligence

Trade Area within ½ mile

204

Businesses Nearby

Explore this area Business Placement

Demographics for 93923, CA

12,338

Population

7,108

Households

1.7

Avg Household Size

60

Median Age

65%

College-Educated

95%

High-School Grad

202.7 sq mi

ZIP Area

61

Density / Sq Mi

$122,500

Median Household Income

$70,635

Median Earnings

$2,214

Median Rent

$1,570,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-story building offers ground-floor commercial space with a residential apartment on the second floor.

Where is this mixed-use property located?

The property is located at 27820 Dorris Drive Carmel, CA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Two‑story mixed‑use commercial property built in 1984; Approx. 3,400 SF building with ground‑floor commercial space and a residential apartment on the second floor; Located in the Mid‑Valley commercial district of Carmel