167 Davis Ln, Monterey, CA 93940
This exceptional 2,537 square foot medical office building, situated at 167 Davis Lane (also known as 172 El Dorado Street) in Monterey, California, presents a compelling investment opportunity. The property sits on a 0.16-acre lot (6,797 square feet), providing ample space and convenience. A significant advantage is the dedicated parking lot accommodating approximately twelve vehicles, ensuring convenient access for patients and staff. The building's location is highly desirable, offering a short walk to the historic Alvarado Street and a quick drive to the scenic Del Monte Beach. Its proximity to other major medical offices and a surgery center further enhances its appeal and potential for continued success. Currently occupied by a long-term tenant, this property is ideally suited for an owner/investor seeking a stable and potentially lucrative investment in a thriving Monterey location. The asking price is $1,800,000. This presents a rare opportunity to acquire a well-situated, established medical office building in a highly sought-after area of Monterey. The property's size, parking, and location combine to create a strong investment prospect with significant long-term potential. Contact us for further details.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.