167 Davis Ln Monterey, CA 93940
Property profile & analytics
167 Davis Ln Monterey, CA 93940
- Medical Office Space
- 2,537 SF
- 0.16 lot acres
Property ID
US09-2112570
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
- Medical Office Space
Property Details for 167 Davis Ln
- Year built
- 1954
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.16 lot acres
- Property size
- 2,537 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 001-681-003-000
- APU
- 1681003000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $715,000
- 6.5%
- $660,000
- 7%
- $615,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $505,000
Market price range: $157k - $788k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $785,000 Current use
- RETAIL STORES
- $740,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Monterey
- County
- Monterey
- State
- California
- Longitude
- -121.895
- Latitude
- 36.5934
- 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
$11,072
$379,273
$624,688
$1,003,961
-
$0.00
$0.00
$0.00
