Multi-Tenant Office
For Sale
$5,400,000
318 Cayuga Street, Salinas, CA 93901
CommercialSale, Salinas, CA
Property Size20,212 SF
Lot Size0.27 Acres
Price / SF$249.01
Days on Market42
Property Features for 318 Cayuga Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CO/R
Accessibility
Accessible Elevator Installed
Subdivision
MissionPark
Standard status
Active
APN
002-322-016-000
Size
21,686 SF
Lot size
0.27 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air
Amenities
solar system
fire/smoke alarm systems
multiple HVAC zones
suspended acoustical tile ceilings
Building Details
Year built
1979
Floors in Building
3
Flooring type
Laminate, Carpet
Roof type
Tar/Gravel
Listing Agency:
KW Coastal Estates · Keller Williams Realty
(831) 622-6200
Listed By:
Monterey Peninsula Home Team · License #70000352
(831) 594-3290
Added: Sep 10
Changed: Oct 21
Last Checked: Oct 21 at 8:06AM
MLS# ML82060826
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 318 Cayuga Street in Salinas, this two-story office property is occupied by multiple office users. Building features include an accessible passenger elevator, covered parking, multiple HVAC zones, fire and smoke alarm systems, and a recently installed solar system. Interior finishes include laminate and carpet flooring with suspended acoustical tile ceilings. The structure has a reinforced concrete foundation, steel framing, and painted wood-sided exterior walls; central heating and air conditioning serve the building.
The parcel measures 0.2686 acres and carries CO/R zoning. Public sewer service is available. The building was constructed in 1979 and has a tar-and-gravel roof. Its established office occupancy and range of building systems define the property’s current commercial configuration.
The parcel measures 0.2686 acres and carries CO/R zoning. Public sewer service is available. The building was constructed in 1979 and has a tar-and-gravel roof. Its established office occupancy and range of building systems define the property’s current commercial configuration.
Key Highlights
- Occupied by multiple office users
- Two‑story office building with accessible passenger elevator
- Recently installed solar system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$334,919
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,698,380
$6.7M
Cap Rate 7%
$4,784,557
$4.8M
Cap Rate 9%
$3,721,322
$3.7M
Market Conditions
NOI Build-Up for 21,686 SF
Gross rent
$572.5K $26.40/SF
− Vacancy
−$126.0K −$5.81/SF
EGI
$446.6K $20.59/SF
− OpEx
−$111.6K −$5.15/SF
NOI
$334.9K $15.44/SF
Area
Salinas, CA
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,698,380
Cap Rate 7%
$4,784,557
Cap Rate 9%
$3,721,322
Alternative Uses
Best Use
Office B
$4.78M
$4.19M – $5.58M
NOI $334,919 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.83M
$5.97M – $7.97M
NOI $477,994 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,108
Businesses Nearby
Explore this area
Business Placement
Demographics for 93901, CA
29,700
Population
11,328
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
81%
High-School Grad
9.6 sq mi
ZIP Area
3,094
Density / Sq Mi
$91,639
Median Household Income
$47,620
Median Earnings
$1,792
Median Rent
$721,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story configuration includes an elevator, covered parking, multiple HVAC zones, and a recently installed solar system.
Where is this office building located?
The property is located at 318 Cayuga Street Salinas, CA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Occupied by multiple office users; Two‑story office building with accessible passenger elevator; Recently installed solar system
