Retail Storefront Shopping
For Sale
$890,000
311 Nestles Road, Soledad, CA 93960
For-sale retail storefront within a shopping center, suited to car-dependent neighborhood retail needs.
Property Size2,717 SF
Price / SF$327.57
Days on Market57
Property Features for 311 Nestles Road
General Information
Standard status
Active
Size
2,717 SF
Zoning
CC
Building Details
Building Size
2,717 SF
Year Built
1959
Listing Agency:
Baird Partnership, Inc.
(831) 646-1919
Listed By:
Peter Baird · License #00533485
(831) 646-1919
Source:
Evrealestate
Added: Jul 1
Changed: Aug 24
Last Checked: Aug 26 at 6:24AM
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 Baird Partnership, Inc.
Investment Insights
Based on property information with market context.
This offering is a retail storefront property presented as part of a shopping center retail setting. The listing is marketed for commercial real estate buyers seeking a storefront-type asset for retail use, with bike and walk accessibility information provided via local walk and bike scores.
The property is located at 311 Nestles Rd in Soledad, CA 93960. The provided mobility metrics indicate the area is car-dependent, with a walk score of 26 and a bike score of 36, which can be relevant for tenant and customer access planning.
As a storefront retail asset within a shopping center context, the property may fit retail operators looking for a commercial address designed for storefront business activity. Given the limited detail in the available remarks, prospective buyers and brokers should confirm unit configuration, frontage, parking/access specifics, and any lease or operating details during due diligence to determine the best fit for their concept.
The property is located at 311 Nestles Rd in Soledad, CA 93960. The provided mobility metrics indicate the area is car-dependent, with a walk score of 26 and a bike score of 36, which can be relevant for tenant and customer access planning.
As a storefront retail asset within a shopping center context, the property may fit retail operators looking for a commercial address designed for storefront business activity. Given the limited detail in the available remarks, prospective buyers and brokers should confirm unit configuration, frontage, parking/access specifics, and any lease or operating details during due diligence to determine the best fit for their concept.
Key Highlights
- Retail storefront in a shopping center
- Year built: 1959
- BikeScore: 36 (somewhat bikeable)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,356
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$787,120
$787.1K
Cap Rate 7%
$562,229
$562.2K
Cap Rate 9%
$437,289
$437.3K
Market Conditions
NOI Build-Up for 2,717 SF
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.
Gross rent
$58.7K $21.60/SF
− Vacancy
−$2.5K −$0.91/SF
EGI
$56.2K $20.69/SF
− OpEx
−$16.9K −$6.21/SF
NOI
$39.4K $14.48/SF
Area
Monterey County, CA
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$787,120
Cap Rate 7%
$562,229
Cap Rate 9%
$437,289
Alternative Uses
Best Use
Retail
$562.2K
$492.0K – $655.9K
NOI $39,356 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$907.8K – $1.21M
NOI $72,621 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
244k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Groceries 23%
Shops & Services 23%
Apparel 3%
Foods Co
Groceries
42,553 visits/mo
0.2 miles
McDonald's
Dining
33,041 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
25,104 visits/mo
0.3 miles
Shell
Shops & Services
22,209 visits/mo
0.1 miles
Denny's
Dining
21,406 visits/mo
0.1 miles
Demographics for 93960, CA
26,093
Population
4,998
Households
5.2
Avg Household Size
33
Median Age
7%
College-Educated
59%
High-School Grad
174.1 sq mi
ZIP Area
150
Density / Sq Mi
$92,504
Median Household Income
$31,660
Median Earnings
$1,492
Median Rent
$567,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Soledad Marketplace — 355 Nestles Rd, Soledad, CA 93960
- California DMV Now Kiosk — 2443 H Dela Rosa Sr St, Soledad, CA 93960
- Soledad Mission Shopping Center — 2149 H Dela Rosa Sr St, Soledad, CA 93960
Frequently Asked Questions
What type of property is this?
Shopping center - For-sale retail storefront within a shopping center, suited to car-dependent neighborhood retail needs.
Where is this shopping center located?
The property is located at 311 Nestles Road Soledad, CA.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Retail storefront in a shopping center; Year built: 1959; BikeScore: 36 (somewhat bikeable)
