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    211 Reservation Rd Marina, CA 93933-3039

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    211 Reservation Rd Marina, CA 93933-3039


    • Drive through restaurants
    • 2,977 SF
    • 0.35 lot acres
    Off-Market
    Last Sale Sep 13, 2024
    Property ID
    US09-3107780
    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
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jack in the Box / Restaurant / Take-out & Catering

    Property Details for 211 Reservation Rd

    Year built
    2002
    Lot size
    0.35 lot acres
    Property size
    2,977 SF
    Property type
    Drive through restaurants
    APN
    032-055-016-000
    APU
    32055016000

    Description

    This exceptional retail opportunity is located within the thriving Marina Village Shopping Center in Monterey County. The center boasts a total building area of 77,304 square feet situated on a 7-acre lot. Currently, there are four available retail spaces ranging from a minimum of 325 square feet to a maximum contiguous space of 1,816 square feet, with a total of 3,655 square feet currently vacant. The property features 345 parking stalls for ample customer convenience. Built in phases between 1965 and 2002, the center benefits from updated facades, landscaping, and signage. The property enjoys a strong national tenant base, including Grocery Outlet, Wells Fargo, Dollar Tree, and Jack in the Box, along with nine restaurants. Its strategic location near California State University Monterey Bay (CSUMB) ensures a consistent flow of students and local residents. Adding to its appeal, Marina Village hosts a popular local farmer's market every Sunday from 10 am to 2 pm. The property offers fee simple ownership and high ceilings, making it an ideal investment for a variety of retail businesses. The center's daily needs focus and college community proximity create a high-traffic environment, ensuring strong potential for success. This is a rare opportunity to secure retail space in a well-established and highly sought-after shopping center.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $445,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $611,000
      Market price range: $261k - $612k

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


    Location Insight

    • Map
    • Local Demand
    City
    Marina
    County
    Monterey
    State
    California
    Longitude
    -121.799
    Latitude
    36.6877
    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
    $25,664
    $2,000,000
    $1,000,000
    $3,000,000
    -
    $0.00
    $0.00
    $0.00
    More about this property
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