Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    106 10Th St Marina, CA 93933
    Property profile & analytics

    106 10Th St Marina, CA 93933

    View on Map
    • Retail properties & Spaces
    • 16,094 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 106 10Th St

    Property size
    16,094 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Exceptional medical office space available in Marina, CA's thriving Dunes on Monterey Bay community. This 16,094 square foot building offers multiple suites ranging from 1,148 to 1,888 contiguous square feet, with 3,036 square feet currently vacant. Located within a vibrant mixed-use development, the property boasts convenient access to the Pacific Ocean and benefits from the strong residential growth of the area, including over 1,200 single-family homes and numerous amenities. The site is part of a larger master-planned community encompassing three phases, with significant retail space, a VA clinic, and hotels already established. Ample parking is provided with 41 spaces. The property sits on a substantial 330-acre lot in Monterey County and presents a unique investment opportunity, benefiting from tax incentives under the Tax Cuts & Jobs Act of 2017 for investments in disadvantaged areas. This offers significant capital gains tax benefits and flexibility in investment strategies. The available space is ideal for a variety of medical practices seeking a prominent location within a rapidly expanding community. Contact us today to learn more about this exceptional 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
    -121.812
    Latitude
    36.6644

    Comparable in this City

    • Value Estimation by Request
      5,367 SF

      98 General Stilwell Dr

      Restaurants • 5,367 SF
      98 General Stilwell Dr, Marina, CA 93933
      View Details
    • Value Estimation by Request
      2,476 SF

      2754 Sand Dune Ave

      Restaurants • 2,476 SF
      2754 Sand Dune Ave, Marina, CA 93933
      View Details
    • Value Estimation by Request
      2,728 SF

      140 10Th St

      Office Spaces • 2,728 SF
      140 10Th St, Marina, CA 93933
      View Details
    • Value Estimation
      $7,650,000
      34,206 SF

      2920 2nd Ave

      MEDICAL BUILDING • 34,206 SF
      2920 2nd Ave, Marina, CA 93933-6244
      View Details
    • Value Estimation by Request
      14.31 Acres

      201 9th St

      MEDICAL BUILDING • 14.31 Acres
      201 9th St, Marina, CA 93933-6039
      View Details
    • Value Estimation by Request
      1,904 SF

      3155 De Frst Rd

      MEDICAL BUILDING • 1,904 SF
      3155 De Frst Rd, Marina, CA 93933-2702
      View Details

    Similar Nearby for Sale

    • $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
    • 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
    • $4,200,000
      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
    • $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

      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

      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
      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
      1,350 SF

      Prime Retail Space in Marina

      Spacious retail space in a prime location near CSUMB.
      266 Reservation Rd, Marina, CA 93933
      View Details
    • $2 SF/Yr
      2,400 SF

      High-Visibility Retail Space Available

      Neighborhood convenience store with high visibility and accessibility.
      320 Reservation Rd, 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
    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.
    106 10Th St
    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
    106 10Th St, 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!