Financial
Distress signals
Property profile

601 Cass St Monterey, CA 93940

OFF-MARKET
Retail space
Property ID
US09-2656416
1,705 SF 0.22 ac lot Built 1940
Last sale Feb 2020 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A downtown retail storefront configured for street-level, walk-in retail use with direct customer access from Cass Street. The space is situated in downtown Monterey in an area characterized by nearby retail shops, restaurants, and professional services, and it is positioned to serve pedestrian traffic along Cass Street. The property’s layout is designed to support straightforward storefront merchandising and customer entry for neighborhood-serving retail operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$867k
Assessed land$612k
Assessed improvement$255k
Effective rate1.11%

Value estimate

· Sep 2026
$1.34M
$1.20M – $1.47M
AI approach$1.31M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$291/SF
County average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$145 – $451

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMONTEREY

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service13.4
Barber Shop11.9
Storage Facility11.9

Location

601 Cass St Monterey, CA 93940
County assessor Recorded deeds · 12 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
115 Pearl, Monterey, CA 93940 $2,550,000 Jun 2025 1,312 SF
590 Perry, Monterey, CA 93940-4621 $2,300,000 Mar 2025 1,785 SF
786 Wave, Monterey, CA 93940-1017 $415,000 Feb 2023 1,674 SF
557 Ramona, Monterey, CA 93940 $2,390,000 Dec 2022 2,400 SF
214 Lighthouse, Monterey, CA 93940-1417 $181,872 Jan 2022 1,609 SF
650 Franklin, Monterey, CA 93940-3013 $1,200,000 Dec 2021 1,125 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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