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Property profile & analytics
FOR LEASE
Community centers
1223 North Davis Rd Salinas, CA 93907
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-3018636
For Lease
1 / 4
Contact for pricing
1223 North Davis Rd, Salinas, CA 93907
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Property summary
AI-generated overview
Westridge Shopping Center, located at 1223 North Davis Road in Salinas, California (zip code 93907), presents a significant retail opportunity. This strip center offers a substantial 16,500 square feet of vacant space, ideal for a variety of retail uses. Situated in Monterey County, the property benefits from its location in the thriving city of Salinas. The precise total building square footage is currently unavailable. The property is categorized as a multi-tenant retail space, providing flexibility for potential tenants. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking to establish or expand their presence in the Salinas market. The coordinates for the property are latitude 36.7005954 and longitude -121.6687644. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional retail space offers. This is a rare opportunity to secure a significant footprint in a desirable Salinas location. The available space is ready for immediate occupancy.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1998
Construction
TILT-UP CONCRETE
Total area
67,423 SF
Lot
5.61 ac (244,371 SF)
APN
261-145-034-000
UPID
US10-3018636
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
DICK'S Sporting Goods (Bike/Boat/Book/etc) Store
-
Save Mart Grocery & Convenience Store Food Market
-
Coinstar Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.86M
Owner & transaction history
Save Mart Portfolio Owner Nlp · 5 yrs held
Save Mart Portfolio Owner Nlp
since 2020
Last sale
$11.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.5M
+370.1%
Auto repair, garage
$11.4M
+326.2%
Office building
$10.2M
+283.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$12,900,000
ML approach
$11,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,520,000
Change: +370% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,350,000
Change: +326% · Conversion: Difficult
OFFICE BUILDING
$10,210,000
Change: +283% · Conversion: Moderate
RESTAURANT
$9,200,000
Change: +245% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,385,000
Change: +177% · Conversion: Difficult
Blend value · Realmo final
$11.86M
Range $10.67M – $13.04M · ±10% · vs last sale $11.66M (Dec 16 2020)
Last sale anchor
$11.66M
Dec 16 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$140,100
Tax year 2023
Assessed value
$12,129,633
Assessed 2023
Previous assessed
$12,129,633
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$9,008,433
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
67,423 SF
Lot
5.61 ac (244,371 SF)
APN
261-145-034-000
UPID
US10-3018636
Jurisdiction
MONTEREY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$12.5M
AUTO REPAIR, GARAGE
Est. value
$11.4M
OFFICE BUILDING
Est. value
$10.2M
RESTAURANT
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
5.61 ac
Current owner
From public records · entity-resolved
Save Mart Portfolio Owner Nlp
Individual
Mailing address
1800 STANDIFORD AVE, MODESTO, CA 95350-0180
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
—
Save Mart Portfolio Owner Nlp Ca Ll
—
Deed
related
$425,000,000 · Wells Fargo Bank NA
Dec 16, 2020
$11,659,000
Save Mart Portfolio Owner Nlp
Rmp Properties LLC
Grant Deed
—
May 18, 2017
—
Rmp Properties LLC
—
Grant Deed
related
$170,000,000 · Ubs Ag
Apr 4, 2007
—
Rmp Properties LLC
Asp Nocal Investor LLC
Grant Deed
—
Oct 18, 2006
$11,596,000
Asp Nocal Investor LLC
American Stores Properties LLC
Warranty Deed
—
Jul 31, 1996
—
American Stores Properties INC
Sammut Brothers
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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