Medical Office Space with Exam
For Sale
Contact for pricing
757 Pacific St, Monterey, CA 93940
The suite includes patient reception, private offices, and dedicated basement storage.
Property Size1,670 SF
Price / SF$470.06
Days on Market177
Property Features for 757 Pacific St
General Information
Standard status
Active
Size
1,670 SF
Property subtype
OFFICE
Listing Agency:
Mahoney & Associates Commercial Real Estate
(831) 646-1919
Listed By:
Patrick Stafford · License #01857243
(831) 238-3592
Source:
Moodyscre
Added: Mar 9
Changed: Aug 31
Last Checked: Aug 30 at 10:11PM
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.
This 1,670-square-foot medical office suite at 757 Pacific St in Monterey is configured for clinical and administrative use. The interior includes four exam rooms, a reception and waiting area, and two private offices, each with a closet and balcony. Basement storage adds dedicated space for records, supplies, or other operational needs.
The property is part of a medical condominium project and includes parking. Its layout combines patient-facing areas with private workspaces and supporting storage within a single suite. The interior is described as well maintained and functional, providing an established medical office configuration at the Pacific Street address.
The property is part of a medical condominium project and includes parking. Its layout combines patient-facing areas with private workspaces and supporting storage within a single suite. The interior is described as well maintained and functional, providing an established medical office configuration at the Pacific Street address.
Key Highlights
- 1,670‑square‑foot medical office suite at 757 Pacific St, Monterey, CA 93940
- Four exam rooms for clinical operations
- Two private offices, each with a closet and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,256
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$565,120
$565.1K
Cap Rate 7%
$403,657
$403.7K
Cap Rate 9%
$313,956
$314.0K
Market Conditions
NOI Build-Up for 1,670 SF
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.
Gross rent
$50.1K $30.00/SF
− Vacancy
−$3.0K −$1.80/SF
EGI
$47.1K $28.20/SF
− OpEx
−$18.8K −$11.28/SF
NOI
$28.3K $16.92/SF
Area
Monterey County, CA
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$565,120
Cap Rate 7%
$403,657
Cap Rate 9%
$313,956
Alternative Uses
Best Use
Healthcare Medical
$403.7K
$353.2K – $470.9K
NOI $28,256 @ 7.0% cap · market cap 3.60%
Second Best
Office B
$335.0K
$293.1K – $390.8K
NOI $23,447 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$637.7K
$558.0K – $743.9K
NOI $44,636 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,797
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Petco Vaccination Clinic — 960 Del Monte Center, Monterey, CA 93940
- Monterey Area Emergency Veterinarians — 620 munras ave, monterey, ca 93940
- Nichols Veterinary Care — 571 E Franklin St Suite C, Monterey, CA 93940
- Shade's Shelties — 1029 Hellam St, Monterey, CA 93940, United States
- Shade Donna DVM — 1029 Hellam St, Monterey, CA 93940
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite includes patient reception, private offices, and dedicated basement storage.
Where is this medical office space located?
The property is located at 757 Pacific St Monterey, CA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 1,670‑square‑foot medical office suite at 757 Pacific St, Monterey, CA 93940; Four exam rooms for clinical operations; Two private offices, each with a closet and balcony
