Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    301 Bonifacio Pl Monterey, CA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr

    Office space in the heart of downtown Monterey for rent.

    Type:OFFICE
    Property size:
    2,200 SF
    Lot size:
    0.11 Acres
    Added:
    Jun 12, 2025
    Days on Market:
    294
    Last Refresh:
    Mar 29 at 10:25 pm

    Property Features for 301 Bonifacio Pl

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Lot size
    0.11 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 301 Bonifacio Pl Contact us

    We can help!

    Listing Contact
    Ryan C. Edwards

    Listing agent Ryan C. Edwards License #CA 01403313

    Listing office Mahoney & Associates Commercial Real Estate

    Listing date Jun 12, 2025

    Source Moodyscre

    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 Commercial Real Estate

    Overview

    Downtown Monterey Office Space Available

    This office space, located in the heart of downtown Monterey, offers 2200 square feet. The layout includes five private offices, a reception area, and a conference room. Ample street parking is available, along with private stalls. The property benefits from Group 1 Water.
    Location Intelligence

    Current Use by Public Records

    La Bella Vita ... Spa & Massage Center Legal Tech Time ... Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.892
    Latitude
    36.5987

    Nearby Similar for Lease

    • Contact for pricing

      Monterey Office and Warehouse Suites

      Office and warehouse suites available for lease in Monterey.
      8 Harris Ct, Monterey, CA
      View Details
    • $2/mo

      Medical/Office Space For Rent

      First floor suite with exam rooms, offices, and restrooms.
      24591 Silver Cloud Ct, Monterey, CA
      View Details
    • $24/mo

      Medical Office Space For Lease

      Medical office space available near Downtown Monterey.
      40 Dormody Ct, Monterey, CA 93940
      View Details
    • $1.00/mo

      Cannery Row Flexible Retail Space

      Unique location with flexible floor plan on Cannery Row.
      300 Cannery Row, Monterey, CA
      View Details
    • $2/mo

      Furnished Office Suite For Rent

      First floor office suite with ample parking and furnishings.
      9825 Blue Larkspur Ln, Monterey, CA
      View Details
    • $2/mo

      Retail Space in New Monterey

      Retail space with high traffic, open floor plan, cooler.
      131 Lighthouse Ave, Monterey, CA
      View Details
    • $1.57/mo

      Monterey Office Space with Balcony

      Office space featuring direct elevator access and wraparound balcony.
      660 Camino Aguajito, Monterey, CA
      View Details
    • $1.75/mo

      Downtown Monterey Office Space

      Office space in downtown Monterey with off-street parking.
      798 Cass St, Monterey, CA
      View Details
    • $2/mo

      Monterey Office Suites For Rent

      Centrally located office suites with bay views and patio.
      550 Hartnell St, Monterey, CA
      View Details
    • $2/mo

      Monterey Office Space For Rent

      Office space featuring private restroom, executive offices, and reception area.
      435 Washington St, Monterey, CA
      View Details
    • $28/mo

      Office Space with Private Deck

      Elevator-serviced office space featuring a private deck and ample parking.
      9821 Blue Larkspur Ln, Monterey, CA
      View Details
    • Contact for pricing

      Monterey Retail Space For Rent

      Retail space available in Del Monte Shopping Center.
      1410 Del Monte Ctr, Monterey, CA
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in the heart of downtown Monterey for rent.
    Where is this office units located?
    The property is located at 301 Bonifacio Pl Monterey, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Located in the Heart of Downtown Monterey; Five Private Offices; Conference Room for meetings
    (831) 646-1919
    We can help!
    Listing Contact
    Ryan C. Edwards
    Real Estate License ID: CA 01403313
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!