Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    493 El Camino Real Greenfield, CA 93927

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    493 El Camino Real Greenfield, CA 93927

    View on Map
    • Office properties & Spaces
    • 2,541 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Greenfield Union School District / School District Office
    • Greenfield Elementary School / High School

    Property Details for 493 El Camino Real

    Property size
    2,541 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional 2,541 square foot executive office suite presents a unique opportunity in Monterey County. Located at 493 South El Camino Real, the property offers a single-tenant occupancy configuration, ideal for a business seeking a prestigious and functional workspace. The space boasts high-end finishes throughout and is currently vacant, ready for immediate occupancy. The layout includes two private offices, a spacious collaborative open office area perfect for team interaction, and a large conference room suitable for meetings and presentations. Additional amenities include two restrooms, a well-equipped kitchenette complete with a dishwasher, ensuring convenience and comfort for occupants. For the initial year of a minimum three-year lease, the net, net, net (NNN) rate is competitively priced at $3.75 per rentable square foot per month. This represents a significant opportunity for a business seeking a move-in ready, high-quality office space in a desirable Monterey County location. The entire 2,541 square feet is available for lease. This turnkey solution eliminates the need for extensive renovations or build-outs, allowing for a seamless transition and immediate business operations. The property's strategic location on South El Camino Real offers excellent visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Monterey
    State
    California
    Longitude
    -121.248
    Latitude
    36.326

    Comparable in this City

    • Value Estimation
      $1,615,000
      6,870 SF

      467 El Camino Real

      MEDICAL BUILDING • 6,870 SF
      467 El Camino Real, Greenfield, CA 93927-4915
      View Details
    • Value Estimation
      $700,000
      4,528 SF

      25 El Camino Real

      OFFICE BUILDING • 4,528 SF
      25 El Camino Real, Greenfield, CA 93927-5636
      View Details
    • Value Estimation
      $975,000
      6,720 SF

      495 El Camino Real

      OFFICE BUILDING • 6,720 SF
      495 El Camino Real, Greenfield, CA 93927-4918
      View Details
    • Value Estimation
      $635,000
      3,912 SF

      808 Oak Ave

      MEDICAL BUILDING • 3,912 SF
      808 Oak Ave, Greenfield, CA 93927-5648
      View Details
    • Value Estimation
      $615,000
      3,616 SF

      44 El Camino Real

      OFFICE BUILDING (MULTI-STORY) • 3,616 SF
      44 El Camino Real, Greenfield, CA 93927-5637
      View Details
    • Value Estimation
      $630,000
      3,952 SF

      140 El Camino Real

      OFFICE BUILDING • 3,952 SF
      140 El Camino Real, Greenfield, CA 93927-5634
      View Details

    Similar Nearby for Sale

    • $229,000
      40.02 Acres

      Private 40-Acre Greenfield Parcel

      Secluded 40-acre parcel with well and solar pump in Greenfield.
      47208 Arroyo Seco Rd, Greenfield, CA 93927
      View Details
    • $1,499,999
      Pending

      Land For Sale Greenfield

      Land available in Greenfield, California.
      40895 Cherry Ave, Greenfield, CA 93927
      View Details
    • $399,000
      117,176.00 Acres

      Arroyo Seco Riverfront Retreat

      Rare riverfront property with breathtaking views and tranquil settings.
      47199 Arroyo Seco Rd, Greenfield, CA 93927
      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.
    493 El Camino Real
    Greenfield, CA 93927
    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.
    Sign Up Successful!
    You now have access to more from Realmo!