Courtyard Retail
For Sale
Contact for pricing
5 SE 5th Street on Dolores, Carmel, CA 93923
The 132-square-foot space has vinyl flooring and a private bathroom presently arranged for storage.
Property Size132 SF
Price / SF$11.36
Days on Market70
Property Features for 5 SE 5th Street on Dolores
General Information
Standard status
Active
Size
132 SF
Amenities
private bathroom
Building Details
Year Built
1950
Listing Agency:
Wayland Properties, Inc.
(831) 884-5603
Listed By:
Ashley Wayland · License #01876699
(831) 444-2262
Source:
Giuffreproperties
Added: Aug 21
Changed: Oct 28
Last Checked: Oct 28 at 3:32PM
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 Wayland Properties, Inc.
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Investment Insights
Based on property information with market context.
This 132-square-foot retail space was built in 1950 and has updated vinyl flooring. A private bathroom is present, though it is currently set up for storage and may need to be restored for bathroom use, depending on the intended business.
The property is at 5 SE 5th Street on Dolores in Carmel, in Pantiles Court, just off Dolores Street between 5th and 6th. Toro Sushi and Haifa Coffeehouse are among the established businesses nearby. City water-credit restrictions may affect permitted business uses; the prior tea house use may not be allowed. Prospective operators should verify their planned use with the City of Carmel before applying for a business license.
The property is at 5 SE 5th Street on Dolores in Carmel, in Pantiles Court, just off Dolores Street between 5th and 6th. Toro Sushi and Haifa Coffeehouse are among the established businesses nearby. City water-credit restrictions may affect permitted business uses; the prior tea house use may not be allowed. Prospective operators should verify their planned use with the City of Carmel before applying for a business license.
Key Highlights
- 132‑square‑foot retail space
- Built in 1950
- Updated vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,706
Suggested Prices Based on Cap Rates
Cap Rate 5%
$34,120
$34.1K
Cap Rate 7%
$24,371
$24.4K
Cap Rate 9%
$18,956
$19.0K
Market Conditions
NOI Build-Up for 132 SF
Gross rent
$2.6K $19.56/SF
− Vacancy
−$145 −$1.10/SF
EGI
$2.4K $18.46/SF
− OpEx
−$731 −$5.54/SF
NOI
$1.7K $12.93/SF
Area
Fresno County, CA
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$34,120
Cap Rate 7%
$24,371
Cap Rate 9%
$18,956
Alternative Uses
Best Use
Retail
$24.4K
$21.3K – $28.4K
NOI $1,706 @ 7.0% cap · market cap 113.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$37.4K
$32.7K – $43.7K
NOI $2,619 @ 7.0% cap · market cap 174.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,392
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Best Western Carmel's Town House Lodge
Hotels & Casinos
1,381 visits/mo
0.3 miles
Demographics for 93923, CA
12,338
Population
7,108
Households
1.7
Avg Household Size
60
Median Age
65%
College-Educated
95%
High-School Grad
202.7 sq mi
ZIP Area
61
Density / Sq Mi
$122,500
Median Household Income
$70,635
Median Earnings
$2,214
Median Rent
$1,570,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - The 132-square-foot space has vinyl flooring and a private bathroom presently arranged for storage.
Where is this retail space located?
The property is located at 5 SE 5th Street on Dolores Carmel, CA.
What are key features of this property?
This property features: 132‑square‑foot retail space; Built in 1950; Updated vinyl flooring
