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    3785 Vía Nona Marie Carmel-by-the-Sea, CA 93923
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    3785 Vía Nona Marie Carmel-by-the-Sea, CA 93923

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    • Office Spaces
    • 33,966 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 3785 Vía Nona Marie

    Property size
    33,966 SF
    Property type
    Office Spaces

    Description

    This exceptional three-story office building, located at 3785 Via Nona Marie in Carmel-by-the-Sea, California, 93923, offers a variety of lease options for businesses of all sizes. Situated in the heart of the Carmel Rancho Commercial District, the largest commercial office district in Carmel, this property provides unparalleled convenience and accessibility. The building boasts a total of 33,966 square feet, encompassing 41 individual suites. For businesses seeking smaller spaces, minimum divisible units of 114 square feet are available, while larger tenants can occupy contiguous spaces up to 935 square feet. Currently, 2,987 square feet of office space is available for lease. The building sits on a substantial 56,192 square foot lot, offering ample parking and visibility. Its prime location provides easy access to a wide array of retail shops and restaurants, enhancing the overall appeal and convenience for employees and clients alike. This is a unique opportunity to establish a presence in a thriving and desirable commercial district. Contact us today to explore the available suites and find the perfect space for your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmel-by-the-Sea
    County
    State
    California
    Longitude
    -121.906
    Latitude
    36.539

    Comparable in this City

    • Value Estimation by Request
      36,096 SF

      3775 Vía Nona Marie

      Office Spaces • 36,096 SF
      3775 Vía Nona Marie, Carmel-by-the-Sea, CA 93923
      View Details
    • Value Estimation by Request
      1,024 SF

      26535 Carmel Rancho Blvd

      OFFICE BUILDING • 1,024 SF
      26535 Carmel Rancho Blvd, Carmel, CA 93923-8749
      View Details
    • Value Estimation
      $5,740,000
      44,016 SF

      200 Clock Tower Pl

      OFFICE BUILDING (MULTI-STORY) • 44,016 SF
      200 Clock Tower Pl, Carmel, CA 93923-8723
      View Details
    • Value Estimation
      $4,065,000
      25,290 SF

      126 Clock Tower Pl Ste, Unit 100

      OFFICE BUILDING (MULTI-STORY) • 25,290 SF
      126 Clock Tower Pl Ste, Carmel, CA 93923-8791
      View Details
    • Value Estimation
      $1,380,000
      590 SF

      7th Ave

      OFFICE BUILDING (MULTI-STORY) • 590 SF
      7th Ave, Carmel, CA 93923
      View Details
    • Value Estimation
      $2,530,000
      8,353 SF

      26515 Carmel Rancho Blvd

      OFFICE BUILDING (MULTI-STORY) • 8,353 SF
      26515 Carmel Rancho Blvd, Carmel, CA 93923-8799
      View Details

    Similar Nearby for Sale

    • $6,700,000
      33,966 SF

      Carmel Rancho Office Building

      33,966 SF office building in Carmel Rancho Commercial District.
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      View Details
    • $1,655,500
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      Carmel Land with Sweeping Views

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    • New
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      Tehama Community Residential Land

      Secluded 5.01-acre property with views in Tehama community.
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      Carmel Valley Retail/Office Space

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    • $3 SF/Yr
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      Carmel Valley Premier Office Building

      High-profile office building in Carmel's financial district for lease.
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      Carmel Rancho Financial Area Office

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      Carmel Medical/Dental Office Spaces

      Medical/dental office spaces for lease in Carmel, California.
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    • $18 SF/Yr
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      Carmel Medical Office Suites

      Prime Carmel location, 1,240-1,614 sq ft.
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    • $2 SF/Yr
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      Carmel Financial District Office Space

      Centrally located office space with ample parking and elevator access.
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      View Details
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    Carmel-by-the-Sea, CA 93923
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    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
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    3785 Vía Nona Marie, Carmel-by-the-Sea, CA, 93923
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