Freestanding Medical Office
New
For Sale
$1,200,000
780 E Romie Ln G, Salinas, CA 93901
A finished lower level has both interior and exterior access for flexible use.
Property Size3,000 SF
Price / SF$400
Days on Market2
Property Features for 780 E Romie Ln G
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Additional Details
Office Units
1
Building Details
Year Built
1984
Buildings
1
Stories
1
Building Size
3,000 SF
Construction
stucco
Owner Occupied
No
Listing Agency:
Agency One Real Estate
Listed By:
Marsa Hansen · License #01065885
(831) 917-3335
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:25AM
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 Agency One Real Estate
Investment Insights
Based on property information with market context.
This detached medical office property has a single-story main level of approximately 2,300 square feet and a finished basement of approximately 700 square feet. The lower level can be reached from inside the building or through its own exterior entrance. Built in 1984, the property has a tile roof and stucco exterior and is currently vacant. Its original configuration was for orthodontic office and laboratory use.
At 780 E Romie Ln G in Salinas, the building sits on Romie Lane’s medical row. HOA coverage includes parking lot upkeep, exterior painting, landscaping, and insurance.
At 780 E Romie Ln G in Salinas, the building sits on Romie Lane’s medical row. HOA coverage includes parking lot upkeep, exterior painting, landscaping, and insurance.
Key Highlights
- Approximately 2,300‑square‑foot main level plus approximately 700‑square‑foot finished basement
- Basement access from inside and outside the building
- Single‑story medical office building, built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,544
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,880
$1.0M
Cap Rate 7%
$722,057
$722.1K
Cap Rate 9%
$561,600
$561.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$93.6K $31.20/SF
− Vacancy
−$9.4K −$3.12/SF
EGI
$84.2K $28.08/SF
− OpEx
−$33.7K −$11.23/SF
NOI
$50.5K $16.85/SF
Area
Salinas, CA
Vacancy
10.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,880
Cap Rate 7%
$722,057
Cap Rate 9%
$561,600
Alternative Uses
Best Use
Healthcare Medical
$722.1K
$631.8K – $842.4K
NOI $50,544 @ 7.0% cap · market cap 4.21%
Second Best
Office B
$661.9K
$579.2K – $772.2K
NOI $46,332 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$944.6K
$826.6K – $1.10M
NOI $66,125 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,512
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93901, CA
29,700
Population
11,328
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
81%
High-School Grad
9.6 sq mi
ZIP Area
3,094
Density / Sq Mi
$91,639
Median Household Income
$47,620
Median Earnings
$1,792
Median Rent
$721,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Lannis Enriques DVM — 755S E Romie Ln, Salinas, CA 93901
- Romie Lane Pet Hospital — 755 E Romie Ln, Salinas, CA 93901
Frequently Asked Questions
What type of property is this?
Medical Office Space - A finished lower level has both interior and exterior access for flexible use.
Where is this medical office space located?
The property is located at 780 E Romie Ln G Salinas, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 2,300‑square‑foot main level plus approximately 700‑square‑foot finished basement; Basement access from inside and outside the building; Single‑story medical office building, built in 1984
