Lighthouse Avenue Retail
585-599 Lighthouse Ave Monterey, CA
For Sale
Contact for pricing
Retail properties on Lighthouse Ave, Monterey, CA for sale.
Property Size5,049 SF
Lot Size0.41 Acres
Price / SF$435.73
Days on Market311
Property Features for 585-599 Lighthouse Ave
General Information
Standard status
Active
Size
5,049 SF
Lot size
0.41 Acres
Property subtype
RETAIL
Listing Agency:
Mahoney & Associates Commercial Real Estate
(831) 238-3592
Listed By:
Patrick Stafford · License #01857243
(831) 238-3592
Source:
Moodyscre
Added: Sep 23, 2025
Changed: Jul 10
Last Checked: Jul 21 at 5:37AM
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.
The properties located at 591-599 Lighthouse Ave and 585 Lighthouse Ave, Monterey, CA, offer a combined building size of approximately 5,049 square feet. The parcel at 591-599 Lighthouse Ave (APN 001-065-001) features a building of approximately 3,512 square feet on a lot of about 6,000 square feet. The parcel at 585 Lighthouse Ave (APN 001-065-010) includes a building of approximately 1,537 square feet, also situated on a lot of approximately 6,000 square feet. Additionally, the parcel at 584 Hawthorne Ave (APN 001-065-017) has a lot size of approximately 6,000 square feet. The zoning for the Lighthouse Avenue properties is PC-LH-CB1, while the Hawthorne Avenue property is zoned R-3-5.
Key Highlights
- Multiple Parcels: Includes three parcels.
- Significant Building Size: Features a ±3,512 SF building at 591‑599 Lighthouse Ave.
- Additional Building: Includes a ±1,537 SF building at 585 Lighthouse Ave.
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 | $109.1k | $21.60 |
| − Vacancy | −$4.6k | −$0.91 |
| EGI | $104.5k | $20.69 |
| − OpEx | −$31.3k | −$6.21 |
| NOI | $73.1k | $14.48 |
5,049 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.04M
$914.2K – $1.22M
NOI $73,135 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $134,951 @ 7.0% cap · market cap 6.13%
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?
Retail property - Retail properties on Lighthouse Ave, Monterey, CA for sale.
Where is this retail property located?
The property is located at 585-599 Lighthouse Ave Monterey, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Multiple Parcels: Includes three parcels.; Significant Building Size: Features a ±3,512 SF building at 591‑599 Lighthouse Ave.; Additional Building: Includes a ±1,537 SF building at 585 Lighthouse Ave.
