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    487 El Camino Real Salinas, CA 93908

    Sponsored
    For Lease
    $45 SF/Yr

    Premium Office Space Available Now

    Lot size:
    18,106 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional executive office space at 487 South El Camino Real in Salinas, California, offers a variety of suite sizes perfect for businesses seeking a prestigious location. The building totals 18,106 square feet and features five suites, with three currently available. Individual suites range from a minimum of 2,541 square feet to a maximum contiguous space of 7,337 square feet. The property boasts high-end finishes throughout, including two large conference rooms, two restrooms, and two kitchenettes equipped with dishwashers. Convenience is maximized with an elevator providing access to a second-floor parking garage, and the building's prime downtown location offers easy access to public parking. The building enjoys a vibrant and convenient location adjacent to a plaza featuring popular amenities such as Equinox Health Club, Starbucks, Noah's Bagels, First Bank, Chase Bank, and Jamba Juice. For the first year of a minimum three-year lease, the net rate is a highly competitive $3.75 per rentable square foot per month. This property presents a unique opportunity for businesses seeking a sophisticated and well-appointed office space in a thriving Salinas location. The property is located in Monterey County, California, with the full address being 487 South El Camino Real, Salinas, CA 93908. The building is multi-tenant.

    Property Features for 487 El Camino Real

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,106 SF
    Total Rate
    67897.5

    Unit(s) available at that property

    Space
    Suite 487A-493
    Size
    5,583 SF
    Rate per SF
    $45
    Space
    30 E. Fourth Ave
    Size
    2,740 SF
    Rate per SF
    $45
    Space
    487 Suite A
    Size
    3,042 SF
    Rate per SF
    $45

    HighLights

    • Prime Downtown San Mateo location with high foot and street traffic.
    • Excellent proximity to numerous restaurants and shops.
    • Easy access to major freeways (HWY 101, HWY 92, I‑280).
    • Multi‑level parking garage with abundant parking.
    • Convenient access to CalTrain.
    Property Profile Location Intelligence

    Current Use by Public Records

    Valley DPF Mechanic Noble Pride Roofing ... Roofing Contractor Williams Equipment Co Store

    Suggested Use

    Restaurant Dental Office Building Supply Clothing Store Auto Repair Shop Gym & Fitness Auto Parts Store Department Store Food Market Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.5696182
    Latitude
    36.615428

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    FAQs

    What type of property is this?
    Office Property / Space - Premium Office Space Available Now
    Where is this office property / space located?
    The property is located at 487 El Camino Real Salinas, CA.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: Prime Downtown San Mateo location with high foot and street traffic.; Excellent proximity to numerous restaurants and shops.; Easy access to major freeways (HWY 101, HWY 92, I-280).
    Request Owner's contact information
    487 El Camino Real Salinas, CA 93908
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    Salinas, CA 93908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    487 El Camino Real Salinas, CA 93908
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