Property profile

1200 Piedmont Ave Pacific Grove, CA 93950

OFF-MARKET
Office buildings
Property ID
US09-5101375
6,469 SF 0.22 ac lot Built 1989
Individually Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office property at 1200 Piedmont Avenue in Pacific Grove, California, offers a unique opportunity for businesses seeking premium space. Located in Monterey County, this 7,414 square foot building boasts a variety of executive office suites, perfect for companies of all sizes. Currently, 4,311 square feet of contiguous space is immediately available, with a minimum divisible space of 1,146 square feet. The building, constructed in 1989, is situated on a 0.22-acre lot and features convenient elevator access. The property's multiple tenancy structure provides flexibility for various business needs. Its prime location in Pacific Grove, zip code 93950, offers easy access to local amenities and transportation. This is an ideal opportunity to establish or expand your business in a desirable and well-maintained office setting. The available space is ready for immediate occupancy, providing a seamless transition for your operations. Inquire today to learn more about this exceptional Pacific Grove office space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1989
Construction WOOD
Total area 6,469 SF
Lot 0.22 ac (9,505 SF)
APN 007-613-037-000
UPID US09-5101375

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1200 Piedmont Ave Pacific Grove, CA 93950-5157
Pacific Grove metro Census 12000 SALINAS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.03M
CAP Approach CAP
$1.49M
Comparable Approach Comparable
$1.41M
Blend (final) Blend
$1.91M

Owner & transaction history

since 2023
Last sale
$1.9M
7 recorded transactions
2023
Price N/A
2021
Price N/A
2021
$1.9M
2021
Price N/A
2021
Price N/A
2008
$1.3M
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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