Property profile

167 Davis Ln Monterey, CA 93940

FOR SALE
Medical Office Space
Property ID
US09-2112570
2,537 SF 0.16 ac lot Built 1954
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1954
Construction TILT-UP CONCRETE
Total area 2,537 SF
Lot 0.16 ac (6,797 SF)
APN 001-681-003-000
UPID US09-2112570

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

167 Davis Ln Monterey, CA 93940
Monterey metro Census 12700 SALINAS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$660k
Comparable Approach Comparable
$505k
Blend (final) Blend
$590k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2017
$900,000
2006
Price N/A
2006
Price N/A
2002
Price N/A
1990
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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