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 Market58
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
Additional Details
Tenant in Place
Yes
Property Use
Office
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Central Air
Amenities
suspended acoustical tile ceilings
multiple HVAC zones
fire/smoke alarm systems
solar system
Building Details
Year built
1979
Floors in Building
3
Flooring type
Laminate, Carpet
Roof type
Tar/Gravel
Buildings
1
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: Nov 5
Last Checked: Nov 6 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.
This two-story office building at 318 Cayuga Street is fully leased to multiple office users. Built in 1979, it has a passenger elevator, multiple HVAC zones, fire and smoke alarm systems, and covered parking. A solar system has also been installed. The structure features a reinforced concrete foundation and steel frame, with painted wood siding and suspended acoustical tile ceilings.
The property occupies a 0.2686-acre parcel in Salinas. Interior finishes include laminate and carpet flooring; heating is provided by forced air and central systems, with central air conditioning. Public sewer serves the site.
The property occupies a 0.2686-acre parcel in Salinas. Interior finishes include laminate and carpet flooring; heating is provided by forced air and central systems, with central air conditioning. Public sewer serves the site.
Key Highlights
- Fully leased to multiple office users
- Two‑story office building constructed in 1979
- 0.2686‑acre parcel
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
Who owns this building?
See the owner, sales and loan history
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A passenger elevator, separate HVAC zones, and covered parking serve the two-story office property.
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: Fully leased to multiple office users; Two‑story office building constructed in 1979; 0.2686‑acre parcel
