Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    188 Sanborn Rd Salinas, CA 93905-3126
    Back to Search
    Property profile & analytics

    188 Sanborn Rd, Salinas, CA 93905-3126

    View on Map
    • Gas stations
    • 1,314 SF
    • 0.30 lot acres
    Off-Market
    Property ID
    US09-1669385
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DoubleTime / Gas Station
    • Gas Stop / Gas Station

    Property Details for 188 Sanborn Rd

    Year built
    1963
    Lot size
    0.30 lot acres
    Property type
    Gas stations
    APN
    003-883-025-000
    APU
    3883025000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 8, 2024 — 188 S Sanborn Rd LLC — Deed · related $3M · Liberty Bank NA
    Jun 26, 2020 — 188 S Sanborn Rd LLC — Deed · related $916k · Liberty Bank
    Nov 30, 2018 $1,400,000 188 S Sanborn Rd LLC Alhumaidi,ahmed Grant Deed $936k · Sunset Franchise Cap LLC
    Sep 18, 2018 $550,000 Ahmed Alhumaidi Mohsin Trust Grant Deed $50k · Mohsin Trust (pt)
    Sep 18, 2018 — Ahmed Alhumaidi Alhomaidi,dhekrah Quit Claim Deed —
    Apr 19, 2017 — Mohsin Trust — Deed · related $250k · Eastman Family Trust 2000 (pt)
    Dec 10, 1999 — Mohsin Trust Mohsin,mused & Terry Quit Claim Deed · related —
    Dec 9, 1999 — Susan Grassi Grassi,robert Quit Claim Deed · related —
    Dec 9, 1999 $300,000 Mohsin,mused & Terry Contos,lynne Trustees Deed $250k · Richardson Trust
    — — Mohsin Trust — Deed Of Trust · related $250k · Eastman Family Trust 2000 (pt)

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.628
    Latitude
    36.6679
    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
    $17,638
    $964,981
    $561,116
    $1,526,097
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      902 SF

      801 Market St

      GAS STATION
      801 Market St, Salinas, CA 93905-2112
      View Details
    • Value Estimation by Request
      1,385 SF

      458 Market St

      GAS STATION
      458 Market St, Salinas, CA 93905-2526
      View Details
    • Value Estimation by Request
      0.34 Acres

      541 Sanborn Rd

      GAS STATION
      541 Sanborn Rd, Salinas, CA 93905
      View Details
    • Value Estimation by Request
      1,651 SF

      8 Williams Rd

      GAS STATION
      8 Williams Rd, Salinas, CA 93905-2836
      View Details
    • Value Estimation by Request
      230 SF

      1120 Alisal St

      GAS STATION
      1120 Alisal St, Salinas, CA 93905-2716
      View Details
    • Value Estimation
      $1,415,000
      168 SF

      145 Kern St

      GAS STATION
      145 Kern St, Salinas, CA 93905-2006
      View Details

    Similar Nearby for Sale

    • $174,250

      55+ Community Mobile Home

      Two-bedroom home in a resort-style 55+ community.
      150 Kern St, Salinas, CA 93905
      View Details
    • Contact for pricing
      8,459 SF

      Medical/Office Suites For Sale

      Medical/office suites with telecommunications ground lease for sale.
      323 N Sanborn Rd, Salinas, CA 93905
      View Details
    • $775,000

      Fully Rented Triplex Investment Opportunity

      Triplex in East Salinas with remodeling and income potential.
      615 Terrace St, Salinas, CA 93905
      View Details
    • Contact for pricing
      8,459 SF

      Medical/Office Building For Sale

      8,459 SF medical/office building available for purchase.
      323 Sanborn Rd N, Salinas, CA 93905
      View Details
    • $185,000
      Pending

      55+ Community Mobile Home

      Two-bedroom mobile home in a gated 55+ community.
      150 Kern St, Salinas, CA 93905
      View Details
    • $1,350,000
      2,402 SF

      Salinas Multifamily Investment Opportunity

      Five-unit complex, excellent cash flow.
      1008 Beech St, Salinas, CA 93905
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      840 SF

      Retail Space in Salinas Center

      Retail spaces available in a neighborhood shopping center.
      1490 Constitution Blvd, Salinas, CA 93905
      View Details
    • Contact for pricing
      2,119 SF

      Retail Space in Salinas Center

      Retail space available in a newer neighborhood center anchored by Safeway.
      1516-1596 Constitution Blvd, Salinas, CA 93905
      View Details
    • Contact for pricing

      Retail Space in Boronda Plaza

      Retail space for lease in Salinas, anchored by Food 4 Less.
      1576 N Sanborn Rd, Salinas, CA 93905
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Salinas Center

      Retail space available in a busy Salinas shopping center.
      1542-1548 N Sanborn Rd, Salinas, CA 93905
      View Details
    • Contact for pricing
      590 SF

      Neighborhood Shopping Center For Rent

      Neighborhood shopping center with Safeway and high-volume gas station.
      1486-1596 Constitution Blvd, Salinas, CA 93905
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Salinas Center

      Retail space available in a busy Salinas shopping center.
      1586 N Sanborn Rd, Salinas, CA 93905
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    188 Sanborn Rd
    Salinas, CA 93905-3126
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    188 Sanborn Rd, Salinas, CA, 93905
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!