Monterey Commercial Corridor
527-539 Ramona Ave Monterey, CA
For Sale
Contact for pricing
Partially occupied commercial property in Monterey's commercial corridor.
Property Size16,563 SF
Lot Size0.68 Acres
Price / SF$222.79
Days on Market310
Property Features for 527-539 Ramona Ave
General Information
Standard status
Active
Size
16,563 SF
Lot size
0.68 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Mahoney & Associates Commercial Real Estate
(831) 263-9513
Listed By:
David Baird · License #00533485
Source:
Moodyscre
Added: Sep 23, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:06AM
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 Mahoney & Associates Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of Monterey’s commercial corridor, 527-539 Ramona Avenue presents an opportunity for investors and owner-users. The property is partially occupied, providing immediate income with the flexibility to occupy or lease the remaining space. Situated within the North Fremont Specific Plan area, the zoning accommodates a range of commercial uses, including retail, office, and service-oriented businesses. The site benefits from exposure off North Fremont Street, which experiences an average daily traffic flow of over 28,000 vehicles. The property is positioned for long-term value and strategic growth due to its proximity to Highway 1, national retailers, and ample on-site parking. The property size is 16563 square feet.
Key Highlights
- Rare opportunity for investors and/or owner‑users in the heart of Monterey’s commercial corridor.
- Partially occupied, offering immediate income with flexibility to occupy or lease remaining space.
- Located within the North Fremont Specific Plan area, allowing for a wide range of commercial uses.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $357.8k | $21.60 |
| − Vacancy | −$15.0k | −$0.91 |
| EGI | $342.7k | $20.69 |
| − OpEx | −$102.8k | −$6.21 |
| NOI | $239.9k | $14.48 |
16,563 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.43M
$3.00M – $4.00M
NOI $239,914 @ 7.0% cap · market cap 6.50%
Second Best
Office B
$3.32M
$2.91M – $3.88M
NOI $232,545 @ 7.0% cap · market cap 6.30%
Theoretical Best
Specialty Retail
$6.32M
$5.53M – $7.38M
NOI $442,699 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Partially occupied commercial property in Monterey's commercial corridor.
Where is this flex space located?
The property is located at 527-539 Ramona Ave Monterey, CA.
What is the asking price?
The asking price for this property is $3,690,000.
What are key features of this property?
This property features: Rare opportunity for investors and/or owner‑users in the heart of Monterey’s commercial corridor.; Partially occupied, offering immediate income with flexibility to occupy or lease remaining space.; Located within the North Fremont Specific Plan area, allowing for a wide range of commercial uses.
