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    1465 Davis Rd Salinas, CA 93907
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    1465 Davis Rd Salinas, CA 93907

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    • Retail properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Smilebliss Orthodontics of Monterey Bay / Dental Office
    • Pacific Orthodontic Specialist / Dental Office
    • Babb Lisa K DDS / Dental Office
    • Donna Lisa Galante, D.M.D. / Dental Office
    • Malta Enterprises / Hotel & Motel

    Property Details for 1465 Davis Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional retail space, located at 1465 N Davis Rd in Salinas, California, offers unparalleled visibility due to its adjacency to Highway 101. Part of the Westridge Power Center, this 2375 square foot unit is perfect for a variety of businesses. The property is zoned for retail, office, and medical uses, providing flexibility for potential tenants. The space is currently available for lease on a multiple-tenancy basis. The monthly lease rate is $2.50 per square foot. It's important to note that utilities, property expenses, and building services are not included in the lease rate. The property is situated in Monterey County, California, with a zip code of 93907. Its convenient location and high visibility make it an ideal opportunity for businesses seeking a strong presence in the Salinas market. The property's coordinates are 36.70807947578742 latitude and -121.66600575817453 longitude. This space presents a compelling opportunity for businesses seeking a prominent location with excellent highway exposure. Inquire today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.666
    Latitude
    36.7081

    Comparable in this City

    • Value Estimation
      $2,540,000
      11,920 SF

      Salinas, CA 93907

      MEDICAL BUILDING • 11,920 SF
      Salinas, CA 93907
      View Details
    • Value Estimation
      $1,050,000
      5,366 SF

      17615 Moro Rd

      MEDICAL BUILDING • 5,366 SF
      17615 Moro Rd, Salinas, CA 93907-8541
      View Details
    • Value Estimation
      $795,000
      5,335 SF

      8550 Prunedale N Rd

      MEDICAL BUILDING • 5,335 SF
      8550 Prunedale N Rd, Salinas, CA 93907-8969
      View Details
    • Value Estimation
      $37,725,000
      100.17 Acres

      420 Espinosa Rd

      NURSERY, GREENHOUSE, FLORIST • 100.17 Acres
      420 Espinosa Rd, Salinas, CA 93907-8894
      View Details
    • Value Estimation by Request
      29.44 Acres

      360 Espinosa Rd

      NURSERY, GREENHOUSE, FLORIST • 29.44 Acres
      360 Espinosa Rd, Salinas, CA 93907-8895
      View Details
    • Value Estimation by Request
      37.84 Acres

      303 Espinosa Rd

      NURSERY, GREENHOUSE, FLORIST • 37.84 Acres
      303 Espinosa Rd, Salinas, CA 93907-8897
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      102,153 SF

      Retail and Office Investment Opportunity

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      Retail Property in Monterey County

      Centrally located retail property with robust tenant sales.
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    Similar Nearby for Lease

    • Contact for pricing
      38,542 SF

      Retail Space Available For Lease

      Retail property available for lease in Salinas, California.
      1067 N Davis Rd, Salinas, CA 93907
      View Details
    • Contact for pricing
      16,500 SF

      Retail Space in Salinas

      Retail property available for lease in Salinas, California.
      1223-1271 N Davis Rd, Salinas, CA 93907
      View Details
    • Contact for pricing
      1,072 SF

      Retail Space in Prunedale, CA

      Retail space available for rent in Prunedale, California.
      17533-17643 Vierra Canyon Rd, Prunedale, CA 93907
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, featuring 16,500 square feet.
      1223 North Davis Rd, Salinas, CA 93907
      View Details
    • $0.85 SF/Yr
      17,500 SF

      Salinas Warehouse with On-Site Parking

      Warehouse space featuring 18 ft. ceilings and roll-up doors.
      200 Castroville Rd, Salinas, CA 93907
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    Salinas, CA 93907
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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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    1465 Davis Rd, Salinas, CA, 93907
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