123 Alisal St Salinas, CA 93901
Property profile & analytics
123 Alisal St Salinas, CA 93901
- Office buildings
- 1,689 SF
- 0.18 lot acres
Property ID
US10-3020962
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ocon Family Chiropractic / Alternative Medicine Practice
- First Roofing / Roofing Company / General Contractor
Property Details for 123 Alisal St
- Year built
- 1932
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Property size
- 1,689 SF
- Property type
- Office buildings
- APN
- 002-221-013-000
- APU
- 2221013000
Description
This exceptional 34,188 square foot commercial property located at 123 Alisal Street in Salinas, California presents a rare investment opportunity. Situated on a 0.85-acre lot, this historic building boasts extensive storage, roll-up doors, and a 24-space parking lot, offering remarkable versatility. Its prime downtown location directly across from the County Courthouse ensures unparalleled visibility and accessibility. The property's rich history adds to its unique appeal, making it an ideal canvas for a variety of uses. Importantly, the City of Salinas has already approved a site plan for a significant redevelopment project. This plan envisions transforming the property into a 47,700 square foot mixed-use development, incorporating 1,881 square feet of commercial space and 40 residential units. However, the property's adaptability extends beyond this approved plan
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $850,000
- ML approach
- $850,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $465,000
- 6.5%
- $430,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $921,000
- AI Estimate
- $465,000
Market price range: $288k - $922kMarket price range: $129k - $465k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $500,000 Current use
- AUTO REPAIR, GARAGE
- $675,000 Change: +35% Conversion: Difficult
- MEDICAL BUILDING
- $525,000 Change: +5% Conversion: Easy
- RETAIL STORES
- $490,000 Change: -2% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $490,000 Change: -2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.651
- Latitude
- 36.6746
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,710
$339,529
$315,353
$654,882
-
$0.00
$0.00
$0.00
