Mixed-Use Building with Residential
27820 Dorris Drive Carmel, CA 93923
New
27820 Dorris Drive, Carmel, CA, 93923
Contact for pricing
For Sale
Contact for pricing
Two-story building offers ground-floor commercial space with a residential apartment on the second floor.
Property Size3,400 SF
Lot Size0.19 Acres
Price / SF$441.18
Days on Market4
Property Features for 27820 Dorris Drive
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Lot size
- 0.19 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1984
Listing Agency
Mahoney & Associates
(831) 238-3592
Listed by
Patrick Stafford · License #01857243
Source
Crexi
Added: Jul 16 Checked: Jul 19 at 1:56 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 Mahoney & Associates
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.
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
Local Financial Insights For Apartment 5plus
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 | $102.0k | $30.00 |
| − Vacancy | −$2.6k | −$0.75 |
| EGI | $99.5k | $29.25 |
| − OpEx | −$44.8k | −$13.16 |
| NOI | $54.7k | $16.09 |
3,400 SF · lease $30.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$781.4K
$683.7K – $911.6K
NOI $54,698 @ 7.0% cap · market cap 3.65%
Second Best
Mixed Use
$670.3K
$586.5K – $782.0K
NOI $46,920 @ 7.0% cap · market cap 3.13%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.51M
NOI $90,876 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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
FAQs
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
