Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Beach Rd Marina, CA 93933
    Property profile & analytics

    Beach Rd, Marina, CA 93933

    View on Map
    • Lifestyle centers
    • 5,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Beach Rd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Marina Landing Shopping Center presents a unique opportunity for a ground lease on a substantial retail property in the vibrant coastal city of Marina, California. This exceptional offering encompasses a total of 43,240 square feet of vacant land, ideal for a large-scale retail development or expansion. The property's APN is 033-111-012-000, located in Monterey County, at the Beach Rd address, zip code 93933. The existing improvements consist of a 5,400 square foot retail building, currently under single tenancy. This presents a chance to either renovate and repurpose the existing structure or demolish it to create a completely new development. The expansive lot size of 43,240 square feet provides ample space for a significant retail project, catering to the growing needs of the Marina community. The property's strategic location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in this desirable coastal area. This is a rare opportunity to acquire a large parcel of land zoned for retail use in a thriving California coastal market. The property is classified as Retail and Land, with a Commercial, Shopping Center subtype. Serious inquiries are encouraged to explore the potential of this exceptional ground lease opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marina
    County
    Monterey
    State
    California
    Longitude
    -121.796
    Latitude
    36.6926

    Comparable in this City

    • Value Estimation by Request
      0.41 Acres

      141 General Stillwell Dr

      MINI-MALL
      141 General Stillwell Dr, Marina, CA 93933-6242
      View Details
    • Value Estimation by Request
      6,000 SF

      226 Reservation Rd

      MINI-MALL
      226 Reservation Rd, Marina, CA 93933-3083
      View Details
    • Value Estimation
      $765,000
      30,362 SF

      101 General Stillwell Dr

      MINI-MALL
      101 General Stillwell Dr, Marina, CA 93933-6242
      View Details
    • Value Estimation
      $12,550,000
      11,912 SF

      3170 Vis Del Camino

      MINI-MALL
      3170 Vis Del Camino, Marina, CA 93933-2637
      View Details
    • Value Estimation
      $3,715,000
      10,000 SF

      250 Reservation Rd

      MINI-MALL
      250 Reservation Rd, Marina, CA 93933-3017
      View Details
    • Value Estimation by Request
      0.26 Acres

      125 General Stillwell Dr

      MINI-MALL
      125 General Stillwell Dr, Marina, CA 93933-6242
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land with Development Potential

      Land available for commercial or residential development.
      150 Beach Rd, Marina, CA 93933
      View Details
    • Contact for pricing

      Land with Restaurant Development Potential

      Land available with water rights and residential zoning.
      172 Seaside Cir, Marina, CA 93933
      View Details
    • Contact for pricing
      12,240 SF

      Marina Multifamily Investment Opportunity

      15-unit apartment complex near Highway 1 in Marina, CA.
      3110 Lake Dr, Marina, CA 93933
      View Details
    • $389,000

      Charming Mobile Home in Marina

      Well-maintained 3 bed, 2 bath mobile home near Monterey Bay.
      347 Carmel Ave, Marina, CA 93933
      View Details
    • $150,000
      2,188 SF

      Commercial Property in Marina, California

      Commercial property for sale in Monterey County.
      215 Reservation Rd, Marina, CA 93933
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,628 SF

      Retail Space in Planned Community

      Retail space for lease in Marina's mixed-use development.
      2755 Ocean Blf Ave, Marina, CA 93933
      View Details
    • Contact for pricing
      1,240 SF

      Retail Space in Planned Community

      Retail space available in a large mixed-use development.
      2754 Sand Dune Ave, Marina, CA 93933
      View Details
    • Contact for pricing

      Mixed-Use Development Near Monterey Bay

      Mixed-use property in Marina, CA, near the Pacific Ocean.
      140 10Th St, Marina, CA 93933
      View Details
    • Contact for pricing
      1,805 SF

      Retail Space in Planned Community

      Retail space available within a large, mixed-use development.
      99 General Stilwell Dr, Marina, CA 93933
      View Details
    • Contact for pricing

      Retail/Office Space on Reservation Road

      Retail or office space for lease on Reservation Road.
      445 Reservation Rd, Marina, CA 93933
      View Details
    • Contact for pricing
      2,400 SF

      High-Visibility Retail Space Available

      Neighborhood convenience store with high visibility and accessibility.
      320 Reservation Rd, Marina, CA 93933
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Beach Rd
    Marina, CA 93933
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Beach Rd, Marina, CA, 93933
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!