Building Details

Year built 1913

Floors in Building 2

Flooring type Laminate, Tile

Roof type Rolled Hot Mop

Listing Agency: Pinnacles Real Estate Group · Coldwell Banker Real Estate g***@sbcglobal.net

Listed By: Gloria Ledesma · License #01081566 Show Phone

Added: Oct 12, 2025 Changed: Oct 21 Last Checked: Oct 29 at 2:06AM

Report an Issue

MLS# ML82024608

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

At 5,125 square feet, this mixed-use property has a restaurant and grocery setup on the lower front level, including a full commercial kitchen, two prep areas, and two walk-in freezer/refrigerators. An open rear area offers space for production or storage, with two double doors providing side access. An elevator serves the building, which was built in 1913 and sits on a 0.1171-acre lot.

The upper rear portion has an open layout, a bathroom, and a shower. It can be customized for business use; residential use is subject to applicable city regulations. The property has mixed-use zoning, public water and sewer service, laminate and tile flooring, and a rolled hot-mop roof. Located at 326 Alta Street in downtown Gonzales.

Key Highlights

• 5,125‑square‑foot mixed‑use building on a 0.1171‑acre lot
• Lower‑level restaurant and grocery setup with a full commercial kitchen
• Two walk‑in freezer/refrigerators, two prep areas, and open rear production or storage space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,235

Cap Rate

5.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,484,700 $1.5M

Cap Rate 7%

$1,060,500 $1.1M

Cap Rate 9%

$824,833 $824.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,125 SF

Gross rent

$110.7K $21.60/SF

− Vacancy

−$4.6K −$0.91/SF

EGI

$106.1K $20.69/SF

− OpEx

−$31.8K −$6.21/SF

NOI

$74.2K $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 Rate 5%

$1,484,700

Cap Rate 7%

$1,060,500

Cap Rate 9%

$824,833

Alternative Uses

Best Use

Specialty Retail

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $136,982 @ 7.0% cap · market cap 9.80%

Second Best

Retail

$1.06M

$927.9K – $1.24M (±1% cap)

NOI $74,235 @ 7.0% cap · market cap 5.31%

Theoretical Best

—

—

same as Best Use

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

Taqueria Comida Sabrosas Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Electrical Service Auto Parts Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

316

Businesses Nearby

7k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 91% Home Improvements & Furnishings 9%

Rabobank Shops & Services

3,959 visits/mo 0.1 miles

Valero Energy Shops & Services

1,620 visits/mo 0.2 miles

Carquest Auto Parts Shops & Services

742 visits/mo 0.4 miles

Trini's Plumbing & True Value Home Improvements & Furnishings

589 visits/mo 0.1 miles

Demographics for 93926, CA

9,187

Population

2,454

Households

3.7

Avg Household Size

30

Median Age

9%

College-Educated

61%

High-School Grad

67.2 sq mi

ZIP Area

137

Density / Sq Mi

$77,418

Median Household Income

$41,839

Median Earnings

$1,515

Median Rent

$597,600

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar For Sale Nearby

See more

Tenant-Occupied Triplex

24 8th Street, Gonzales, CA 93926

$745,000

2,153 SF

View details

Updated Triplex with Private Laundry

219 9th Street, Gonzales, CA 93926

$567,000

View details

Commercial Property in Gonzales, CA

800 S. Alta St & 27725 Iverson Rd, Gonzales, CA 93926

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Upper-level space includes an open layout, bathroom, and shower, with residential use subject to city regulations.

Where is this mixed-use property located?

The property is located at 326 Alta Street Gonzales, CA.

What is the asking price?

The asking price for this property is $1,398,000.

What are key features of this property?

This property features: 5,125‑square‑foot mixed‑use building on a 0.1171‑acre lot; Lower‑level restaurant and grocery setup with a full commercial kitchen; Two walk‑in freezer/refrigerators, two prep areas, and open rear production or storage space