Individually Owned Property summary
This exceptional 12,061 square foot commercial building is ideally situated in the heart of Monterey's vibrant downtown area, boasting a prime location at 482 Alvarado Street. The property features a blend of retail and executive office spaces, catering to a diverse range of business needs. Two main entrances, conveniently located on Alvarado Street and Calle Principal, provide excellent accessibility for both customers and employees. An internal elevator ensures easy navigation between… floors, while two generously sized bathrooms add to the building's functionality. The property benefits from a high occupancy rate, with approximately 95% of the space currently leased under gross lease agreements, meaning the owner covers all expenses. Long-term tenants contribute to a stable income stream. Private parking is available on Calle Principal Street, offering added convenience. Furthermore, the Calle Principal Street side presents a compelling opportunity for potential future development into apartments or condominiums, subject to City of Monterey and water management approvals. Interested parties are encouraged to contact the City of Monterey for detailed information regarding development possibilities. This property represents a rare opportunity to acquire a well-established, high-performing commercial building in a highly desirable location. The 0.29-acre lot provides ample space and potential for future expansion or redevelopment. The asking price is $2,900,000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 12,061 SF
- Lot area
- 0.3 ac
- Year built
- 1941
- Stories
- 1
- APN
- 001-572-003-000
- Assessed value · 2023
- $1,569,456
- Annual tax · 2023
- $18,828
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
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