Two-Level Retail
New
For Sale
$2,700,000
801 E Alisal St, Salinas, CA 93905
The property includes retail space on two levels in an established Salinas commercial corridor.
Property Size10,900 SF
Lot Size0.13 Acres
Price / SF$247.71
Days on Market2
Property Features for 801 E Alisal St
General Information
Standard status
Active
Size
10,900 SF
Lot size
0.13 Acres
Property subtype
Vacant-User
Site & Location
Traffic Count
26,496 vehicles/day
Road Access
Yes
Amenities
Well-Situated Salinas Retail Investment Opportunity - Investors have the opportunity to acquire a well-situated retail asset in Salinas, California.
Prime Street Visibility - Located on E Alisal St near Sanborn Rd, two major thoroughfares with approximately 26,496 vehicles in daily traffic.
Strategic Transportation Access - Convenient access to Highway 101, SR-68, SR-183, SR-156, and Highway 1.
Flexible Floor Plan Configuration - The unique layout allows for customization and potential subdivision into multiple retail suites.
Building Details
Building Size
10,900 SF
Year Built
1947
Buildings
1
Stories
2
Listing Agency:
Marcus & Millichap
Listed By:
Adam Levin · License #License(s): CA: 01462752
(650) 391-1782
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:23AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This storefront property contains approximately 10,900 square feet of gross building area arranged over two levels. The building dates to 1947 and occupies a 5,500-square-foot parcel at 801 E Alisal St in Salinas.
E Alisal St connects with Downtown Salinas, approximately 1.5 miles away. Sanborn Rd is nearby, and the property’s street corridor carries an estimated 26,496 vehicles per day. Highway 101, SR-68, SR-183, SR-156 and Highway 1 serve the broader Salinas area.
E Alisal St connects with Downtown Salinas, approximately 1.5 miles away. Sanborn Rd is nearby, and the property’s street corridor carries an estimated 26,496 vehicles per day. Highway 101, SR-68, SR-183, SR-156 and Highway 1 serve the broader Salinas area.
Key Highlights
- Approximately 10,900 square feet of gross building area
- Two‑level retail floor plan
- 5,500‑square‑foot parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,579
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,111,580
$3.1M
Cap Rate 7%
$2,222,557
$2.2M
Cap Rate 9%
$1,728,656
$1.7M
Market Conditions
NOI Build-Up for 10,900 SF
Gross rent
$235.4K $21.60/SF
− Vacancy
−$13.2K −$1.21/SF
EGI
$222.3K $20.39/SF
− OpEx
−$66.7K −$6.12/SF
NOI
$155.6K $14.27/SF
Area
Salinas, CA
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,111,580
Cap Rate 7%
$2,222,557
Cap Rate 9%
$1,728,656
Alternative Uses
Best Use
Retail
$2.22M
$1.94M – $2.59M
NOI $155,579 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,253 @ 7.0% cap · market cap 8.90%
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
26,496 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
208k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 38%
Shops & Services 20%
Apparel 2%
Foods Co
Groceries
52,107 visits/mo
0.3 miles
McDonald's
Dining
26,664 visits/mo
0.1 miles
Cardenas Market
Groceries
26,082 visits/mo
0.2 miles
Bank of America
Shops & Services
18,051 visits/mo
0.3 miles
Burger King
Dining
11,740 visits/mo
0.3 miles
Demographics for 93905, CA
64,209
Population
14,534
Households
4.4
Avg Household Size
29
Median Age
7%
College-Educated
45%
High-School Grad
9.2 sq mi
ZIP Area
6,979
Density / Sq Mi
$75,716
Median Household Income
$30,715
Median Earnings
$1,799
Median Rent
$570,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - The property includes retail space on two levels in an established Salinas commercial corridor.
Where is this storefront property located?
The property is located at 801 E Alisal St Salinas, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Approximately 10,900 square feet of gross building area; Two‑level retail floor plan; 5,500‑square‑foot parcel
