299 Lighthouse Avenue Monterey, CA 93940
Almost 16,000 SF corner retail building on a major Monterey thoroughfare with a roll-up loading door on a side street.
- Added:
- Jul 6, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 11 at 3:58 am
Property Features for 299 Lighthouse Avenue
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1964
Listing office KW Coastal Estates
Listing date Jul 6, 2026
Source Sevengables
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All listing content including descriptions, pricing, images are the copyrighted material of KW Coastal Estates
Investment Insights
Based on property information with market context.
Located on a major Monterey thoroughfare at the corner of Lighthouse Ave and Dickman Ave, the site benefits from corner exposure.
With its existing retail configuration and convenient side-street loading access, the building offers flexibility for continued use or adaptive reuse based on buyer goals.
Key Highlights
- Almost 16,000 SF corner retail building on a major Monterey thoroughfare
- Located at the corner of Lighthouse Ave and Dickman Ave
- Roll‑up loading door on a side street
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 | $345.6k | $21.60 |
| − Vacancy | −$14.5k | −$0.91 |
| EGI | $331.1k | $20.69 |
| − OpEx | −$99.3k | −$6.21 |
| NOI | $231.8k | $14.48 |
