Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    955 Front St Soledad, CA 93960

    • Retail properties
    • 3,112 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Centenario Bar & Grill / Nightclub / DJ & Entertainment

    Property Details for 955 Front St

    Year built
    1966
    Property size
    3,112 SF
    Property type
    Retail properties

    Description

    This 3,112-square-foot retail building, located at 955 Front Street in Soledad, California, presents a unique opportunity. Situated on a 3,405-square-foot lot, this single-tenant property boasts a rich history as a restaurant, offering a fully built-out space ready for immediate occupancy. The property features a complete kitchen, including a 400 lbs 200 gmp in-floor grease trap, a 27' x 44' Type 1 exhaust hood, exhaust roof fan, filters, Ansul fire suppression system, and a remote pull station. Existing features include a bar, dance floor, DJ station, check-in room, and two restrooms. This turnkey opportunity allows for the optional purchase of assets from the previous operator, streamlining your setup. The building, constructed in 1966, is zoned for commercial use and includes 20 parking spaces. The property is available for lease commencement on October 1, 2024. The building is located in Monterey County, CA, zip code 93960. Contact for pricing and further details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Soledad
    County
    Monterey
    State
    California
    Longitude
    -121.325
    Latitude
    36.4243

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      395 Ee St

      SHOW ROOM, WAREHOUSE • 0.17 Acres
      395 Ee St, Soledad, CA 93960-2610
      View Details
    • Value Estimation by Request
      2,080 SF

      615 Frnt St

      SHOW ROOM, WAREHOUSE • 2,080 SF
      615 Frnt St, Soledad, CA 93960-3016
      View Details
    • Value Estimation by Request
      3,112 SF

      955 Frnt St

      SHOW ROOM, WAREHOUSE • 3,112 SF
      955 Frnt St, Soledad, CA 93960-3019
      View Details
    • Value Estimation
      $505,000
      3,900 SF

      Soledad, CA 93960

      SHOW ROOM, WAREHOUSE • 3,900 SF
      Soledad, CA 93960
      View Details
    • Value Estimation
      $2,360,000
      16,432 SF

      2293 H Dela Rosa Sr St

      SHOW ROOM, WAREHOUSE • 16,432 SF
      2293 H Dela Rosa Sr St, Soledad, CA 93960-3382
      View Details
    • Value Estimation by Request
      1,923 SF

      395 Ee St

      SHOW ROOM, WAREHOUSE • 1,923 SF
      395 Ee St, Soledad, CA 93960-2610
      View Details

    Similar Nearby for Sale

    • $8,000,000
      33,640 SF

      Soledad Commercial Land - Prime Development

      19.61 Acres, 33,640 sqft, High-Traffic Location
      701 Nestles Rd, Soledad, CA 93960
      View Details
    • $9,484,999
      21,140 SF

      New Tractor Supply Co.

      New construction Tractor Supply Co. in Soledad, CA for sale.
      Nestles Rd, Soledad, CA 93960
      View Details
    • $739,500
      4,336 SF

      Versatile Commercial Building in Soledad

      Commercial building with office suites, shop, and retail space.
      136 Dixi St, Soledad, CA 93960
      View Details
    • $4,800,000
      3,000 SF

      VetnCare Sale-Leaseback Portfolio

      Four retail and medical properties in California available for sale.
      311 Nestles Rd, Soledad, CA 93960
      View Details
    • $1,188,800

      479-Acre Ranch Near National Park

      Ranch property near Pinnacles National Park with ranching and recreation potential.
      146 Hwy, Soledad, CA 93960
      View Details
    • $2,499,000

      Soledad Agricultural Property For Sale

      Agricultural property available for purchase in Soledad, California.
      30625 Stonewall Cyn Rd, Soledad, CA 93960
      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.
    955 Front St
    Soledad, CA 93960
    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

    Google sign-in failed. Please try again or use another login method.