Retail Space with Street-Facing
For Sale
Contact for pricing
500 Sloat AVE, Monterey, CA 93940
The multi-room layout includes a private bathroom and may suit retail or office use, subject to city approval.
Property Size455 SF
Price / SF$3.74
Days on Market70
Property Features for 500 Sloat AVE
General Information
Standard status
Active
Size
455 SF
Additional Details
Utilities to Site
Yes
Property Use
Retail or Office
Amenities
private bathroom
Building Details
Year Built
1999
Listing Agency:
Compass
Listed By:
Guy Giuffre · License #01393931
(831) 566-5430
Source:
Giuffreproperties
Added: Aug 21
Changed: Oct 28
Last Checked: Oct 28 at 2:59PM
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 Compass
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Investment Insights
Based on property information with market context.
This multi-room retail space has a private bathroom and several windows oriented toward the Naval Postgraduate School. Retail or office use is identified as a possibility, with business suitability subject to confirmation with the City of Monterey.
The property is at 500 Sloat Ave, across from the Naval Postgraduate School. Sewer and water are included, and the tenant is responsible for a small share of PG&E charges. The lease structure is gross, with no triple-net charge.
The property is at 500 Sloat Ave, across from the Naval Postgraduate School. Sewer and water are included, and the tenant is responsible for a small share of PG&E charges. The lease structure is gross, with no triple-net charge.
Key Highlights
- Multi‑room configuration with private bathroom
- Multiple windows face the Naval Postgraduate School
- Across from the Naval Postgraduate School at 500 Sloat Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,591
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,820
$131.8K
Cap Rate 7%
$94,157
$94.2K
Cap Rate 9%
$73,233
$73.2K
Market Conditions
NOI Build-Up for 455 SF
Gross rent
$9.8K $21.60/SF
− Vacancy
−$413 −$0.91/SF
EGI
$9.4K $20.69/SF
− OpEx
−$2.8K −$6.21/SF
NOI
$6.6K $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%
$131,820
Cap Rate 7%
$94,157
Cap Rate 9%
$73,233
Alternative Uses
Best Use
Retail
$94.2K
$82.4K – $109.9K
NOI $6,591 @ 7.0% cap · market cap 387.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$173.7K
$152.0K – $202.7K
NOI $12,161 @ 7.0% cap · market cap 715.35%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Hotels & Casinos 33%
Chevron
Shops & Services
10,522 visits/mo
0.4 miles
Hilton Garden Inn Monterey
Hotels & Casinos
5,589 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
591 visits/mo
0.3 miles
Demographics for 93940, CA
30,454
Population
15,451
Households
2
Avg Household Size
43
Median Age
54%
College-Educated
94%
High-School Grad
35.1 sq mi
ZIP Area
868
Density / Sq Mi
$110,669
Median Household Income
$62,711
Median Earnings
$2,305
Median Rent
$1,039,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - The multi-room layout includes a private bathroom and may suit retail or office use, subject to city approval.
Where is this retail space located?
The property is located at 500 Sloat AVE Monterey, CA.
What are key features of this property?
This property features: Multi‑room configuration with private bathroom; Multiple windows face the Naval Postgraduate School; Across from the Naval Postgraduate School at 500 Sloat Ave
