Multi-Tenant Strip
801-807 Broadway Street, King City, CA 93930
For Sale
Contact for pricing
Pending
Four occupied storefronts support an income-producing retail property along an established commercial corridor.
Property Size4,840 SF
Lot Size0.43 Acres
Days on Market61
Property Features for 801-807 Broadway Street
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Additional Details
Cap Rate
Building Details
Tenancy
Listing Agency:
KW Commercial South Bay
Listed By:
Mark Von Kaenel · License #1189869
(408) 568-6602
Source:
Crexi
Added: Sep 10
Changed: Oct 26
Last Checked: Nov 8 at 8:26AM
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 KW Commercial South Bay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This strip mall comprises approximately 4,840 SF of commercial space on an approximately 18,553 SF lot. Four occupied storefronts are leased to 7-Eleven, Blanca-Barrios, Curity's Beauty, and Total Wireless, creating a varied tenant roster within one retail property. The asset is positioned along Broadway Street in King City, California, with access to an established commercial corridor and proximity to Highway 101. The property is reported at a 6.12% cap rate.
Key Highlights
- ±4,840 SF of commercial space
- ±18,553 SF lot
- Four occupied tenant spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,107
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,402,140
$1.4M
Cap Rate 7%
$1,001,529
$1.0M
Cap Rate 9%
$778,967
$779.0K
Market Conditions
NOI Build-Up for 4,840 SF
Gross rent
$104.5K $21.60/SF
− Vacancy
−$4.4K −$0.91/SF
EGI
$100.2K $20.69/SF
− OpEx
−$30.0K −$6.21/SF
NOI
$70.1K $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%
$1,402,140
Cap Rate 7%
$1,001,529
Cap Rate 9%
$778,967
Alternative Uses
Best Use
Retail
$1.00M
$876.3K – $1.17M
NOI $70,107 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,364 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
240k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 39%
Groceries 10%
Home Improvements & Furnishings 3%
McDonald's
Dining
32,503 visits/mo
0.4 miles
Safeway
Groceries
24,733 visits/mo
0.3 miles
Starbucks
Dining
19,718 visits/mo
0.3 miles
ARCO
Shops & Services
18,365 visits/mo
0.4 miles
Burger King
Dining
16,048 visits/mo
0.4 miles
Demographics for 93930, CA
16,206
Population
4,744
Households
3.4
Avg Household Size
30
Median Age
15%
College-Educated
59%
High-School Grad
343.3 sq mi
ZIP Area
47
Density / Sq Mi
$72,555
Median Household Income
$32,357
Median Earnings
$1,537
Median Rent
$404,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Four occupied storefronts support an income-producing retail property along an established commercial corridor.
Where is this strip mall located?
The property is located at 801-807 Broadway Street King City, CA.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: ±4,840 SF of commercial space; ±18,553 SF lot; Four occupied tenant spaces
