Listing Agency: Mahoney & Associates Commercial Real Estate Show Phone

Listed By: James Kendall · License #CA 02010395 Show Phone

Source: Moodyscre

Added: Aug 18 Changed: Nov 1 Last Checked: Nov 3 at 10:01AM

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Investment Insights

Based on property information with market context.

This 3,400-square-foot mixed-use property is arranged across two levels, with a residential unit occupying the second floor. The upper-level component may support supplemental rental income or on-site occupancy, while the property can be delivered vacant for a new ownership or occupancy plan.

The property offers access to Carmel-by-the-Sea, Monterey, Highway 1, and Carmel Valley. Its mixed-use configuration combines commercial space with a residential component within one building.

Key Highlights

• 3,400‑square‑foot mixed‑use property with a two‑level layout
• Second‑floor residential unit for supplemental rental income or on‑site occupancy
• Can be delivered vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,946

Cap Rate

2.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$878,920 $878.9K

Cap Rate 7%

$627,800 $627.8K

Cap Rate 9%

$488,289 $488.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,400 SF

Gross rent

$66.5K $19.56/SF

− Vacancy

−$3.7K −$1.10/SF

EGI

$62.8K $18.46/SF

− OpEx

−$18.8K −$5.54/SF

NOI

$43.9K $12.93/SF

Area

Fresno County, CA

Vacancy

5.60%

Lease Rate

$19.56 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$878,920

Cap Rate 7%

$627,800

Cap Rate 9%

$488,289

Alternative Uses

Best Use

Retail

$627.8K

$549.3K – $732.4K (±1% cap)

NOI $43,946 @ 7.0% cap · market cap 2.93%

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

Who owns this building? See the owner, sales and loan history

Open Analytics

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

204

Businesses Nearby

25k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 64% Shops & Services 36%

Safeway Groceries

15,849 visits/mo 0.1 miles

Shell Shops & Services

4,087 visits/mo 0.0 miles

Chase Bank Shops & Services

2,528 visits/mo 0.1 miles

The UPS Store Shops & Services

2,116 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The second-floor residential unit can provide supplemental rental income or on-site occupancy.

Where is this mixed-use property located?

The property is located at 27820 Dorris Dr 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: 3,400‑square‑foot mixed‑use property with a two‑level layout; Second‑floor residential unit for supplemental rental income or on‑site occupancy; Can be delivered vacant