21 Laurel DrSalinas, CA 93906

Property Details for 21 Laurel Dr

Year built

1974

Lot size

0.74 AC

Property size (Sq ft)

4,962 SF

Property type

Office properties

Property subtype

Office buildings

APN

003-271-034-000

APU

3271034000

Description

This exceptional office property, located at 21 West Laurel Drive in Salinas, California (zip code 93906), offers twelve individual executive office suites totaling 7,094 square feet. Each suite is separately rentable, with a minimum divisible space of 231 square feet and a maximum contiguous space of 1,456 square feet. Currently, the entire 7,094 square feet is available for lease. The building boasts a convenient location, situated directly across from the Salinas Sports Complex and at the intersection of North Main Street and West Laurel Drive, ensuring high visibility and easy access. Amenities include shared restrooms, recently installed HVAC systems, and ample parking for tenants and their clients. A significant advantage is that utilities are included in the rental price. This presents a unique opportunity for businesses seeking modern, efficient, and conveniently located office space in the heart of Salinas. The property is classified as an office building with an executive office subtype and multiple tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,485,917

  6.5%

  $1,371,616

  7%

  $1,273,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,383,951

  Geo Method

  $1,383,951

• Alternative Use

  Use

  Valuation

  Residential

  $1,700,804

  Hospitality

  $1,557,927

  Educational

  $1,296,177

  Medical

  $1,340,754

  Retail

  $2,016,275

Location Insight

City

Salinas

County

Monterey

State

California

Latitude

36.6987

Longitude

-121.653

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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