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    900 Cass St Monterey, CA 93940

    Sponsored
    For Sale
    $1,650,000

    Two Medical Office Suites, Prime Location

    Property size:
    1,068 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional offering presents two medical office condos situated at 900 Cass Street in Monterey, California, 93940. The property consists of two units, with unit sizes ranging from 1,068 to 2,493 square feet, totaling approximately 3,561 square feet. The asking price for both units is $1,650,000. One unit (Suite 101) will be delivered vacant upon closing, providing immediate occupancy for a new owner. The second unit (Suite 102) comes with an existing lease in place, offering immediate rental income. Both units boast upgraded Class A finishes, reflecting a high standard of quality and design. The property is conveniently located in Monterey's Cass Street medical district, offering easy access to other medical facilities and the vibrant downtown area. This prime location provides excellent visibility and accessibility for patients and staff. Parking is provided with one underground space and additional above-ground patient parking. This presents a unique investment opportunity to own and occupy one unit while generating rental income from the other, making it an attractive option for medical professionals or investors seeking a strong return. The property's APN numbers are 001-606-001 and 001-606-002. This is a rare opportunity to acquire established medical office space in a highly desirable location.

    Property Features for 900 Cass St

    General Information

    Property type
    Medical offices
    Square Feet
    1,068 SF

    Building Details

    Units
    2

    HighLights

    • Two medical office condos totaling 3,561 square feet at 900 Cass Street, Monterey, CA 93940.
    • Asking price: $1,650,000.
    • Unit sizes range from 1,068 to 2,493 square feet.
    • One unit vacant at closing; one unit with existing lease.
    • Class A finishes; located in Monterey's Cass Street medical district.
    • One underground parking space plus additional above‑ground patient parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Monterey Program for Executive ... Hospital Dr. James E. ... Obstetrician-Gynecologist Abc Eye Care Ophthalmologist James E Ramseur, ... Gynecologist Monterey Joint Replacement ... Orthopedic Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.8962317
    Latitude
    36.5933191

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    FAQs

    What type of property is this?
    Medical office - Two Medical Office Suites, Prime Location
    Where is this medical office located?
    The property is located at 900 Cass St Monterey, CA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Two medical office condos totaling 3,561 square feet at 900 Cass Street, Monterey, CA 93940.; Asking price: $1,650,000.; Unit sizes range from 1,068 to 2,493 square feet.
    Request Owner's contact information
    900 Cass St Monterey, CA 93940
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    Monterey, CA 93940
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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
    900 Cass St Monterey, CA 93940
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