Property summary
This exceptional 21,990 square foot commercial property, situated on a sprawling 6.85-acre lot in Monterey, California, presents a remarkable investment opportunity. Previously operating as Ave Maria Convalescent Hospital, this versatile facility is ideally positioned for a variety of uses. The property boasts six distinct structures, offering ample space and flexibility. Two substantial buildings, designed for patient care and administration, feature a total of 49 beds. On-site staff accommodations are provided, ensuring convenient management. Additional structures include dedicated food storage and walk-in freezers, a four-car garage with a workshop, and a separate storage casita. Internal features are equally impressive, encompassing a welcoming reception area, administrative offices, a comfortable employee break room, a fully equipped commercial kitchen, and two conveniently located laundry areas. A large basement provides extensive storage, complemented by two spacious activity rooms. The property also includes a well-lit parking lot with a capacity of 32 vehicles. This unique offering, rarely seen in the Monterey market, combines substantial square footage, expansive acreage, and a desirable location in a forested setting, making it an exceptional addition to any discerning investor's portfolio. The property's central location within the sunbelt further enhances its appeal and potential.
Property profile
VerifiedCap rate & NOI
Current use
-
Nursing Home
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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