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Property profile & analytics
FOR LEASE
Retail space
1576 N Sanborn Rd Salinas, CA 93905
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2979437
For Lease
1 / 3
Contact for pricing
1576 N Sanborn Rd, Salinas, CA 93905
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Property summary
AI-generated overview
Boronda Plaza, located at 1576 N Sanborn Rd in Salinas, California (zip code 93905), offers exceptional retail space for lease. This Monterey County property boasts a total of 93,071 square feet across two suites. Currently, 3,483 square feet are vacant and available for lease. The property is categorized as commercial retail with multiple tenancies. Individual spaces range from a minimum of 1,500 square feet to a maximum contiguous space of 1,983 square feet, providing flexibility for various business needs. The property's prime location in Salinas offers excellent visibility and accessibility for customers. This presents a unique opportunity for businesses seeking a well-situated retail space in a thriving market. The property is ideal for businesses requiring a space within the specified square footage range. Interested parties are encouraged to inquire about lease terms and availability. The property's address is easily accessible via major roadways, ensuring convenient access for both employees and customers. This retail space in Salinas offers a strong foundation for business growth and success.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,691 SF
Lot
4.64 ac (202,118 SF)
APN
153-481-018-000
UPID
US09-2979437
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
-
HABA Insurance Agency Insurance Agency
-
Primo Water Refill Big Box & Wholesale Store
-
Water Pure and Snack Bar Bar & Pub Restaurant
-
Food 4 Less Grocery & Convenience Store Food Market
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.12M
Owner & transaction history
Boronda Station LLC · 13 yrs held
Boronda Station LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.8M
+0.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,440,000
6.5%
$13,325,000
7%
$12,375,000
Alternative Use
Use
Estimation
RETAIL STORES
$17,690,000
Current use
OFFICE BUILDING
$17,800,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$11.12M
Range $10.01M – $12.23M · ±10%
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
$183 / 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
$197,538
Tax year 2023
Assessed value
$14,522,068
Assessed 2023
Previous assessed
$14,522,068
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$6,480,434
Assessed improvement
$8,041,634
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Units
1
Rooms
17
Bathrooms
3
Total area
60,691 SF
Lot
4.64 ac (202,118 SF)
APN
153-481-018-000
UPID
US09-2979437
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
RETAIL STORES Current
Est. value
$17.7M
OFFICE BUILDING
Est. value
$17.8M
RETAIL STORES Current
OFFICE BUILDING
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Units
1
Rooms
17
Bathrooms
3
Lot
4.64 ac
Current owner
From public records · entity-resolved
Boronda Station LLC
Entity
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2020
—
Paq INC
—
Deed
related
—
Jan 22, 2020
—
Boronda Station LLC
—
Deed
related
$195,000,000 · Miscellaneous Ins Co
Aug 14, 2018
—
Boronda Station LLC
—
Loan Modification
related
$195,000,000 · Miscellaneous Ins Co
Oct 30, 2017
—
Boronda Station LLC
—
Grant Deed
related
$14,750,000 · Miscellaneous Ins Co
Jul 3, 2013
$22,700,000
Boronda Station LLC
Donahue Schriber Realty Grp LP
Grant Deed
—
Jun 17, 2011
—
Donahue Schriber Realty Group
—
Deed Of Trust
related
$365,000,000 · Bank Of America
Dec 30, 2004
—
Donahue Schriber Realty Grp
Donahue Schriber Realty Grp
Quit Claim Deed
related
—
Nov 19, 2003
—
Donahue Schriber Realty Group
Bixby Land Co
Grant Deed
$200,000,000 · Fleet National Bank Ttee
—
—
Boronda Station LLC
—
Loan Modification
related
$14,750,000 · Miscellaneous Ins Co
—
—
Paq INC
—
Loan Modification
related
—
—
—
Paq INC
—
Deed Of Trust
related
—
—
—
Boronda Station LLC
—
Loan Modification
related
$195,000,000 · Miscellaneous Ins Co
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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