2200 Gdn Rd Monterey, CA 93940-5329
Property profile & analytics
2200 Gdn Rd Monterey, CA 93940-5329
- Office buildings
- 15,075 SF
- 5.74 lot acres
Property ID
US09-3948487
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
- KMBY TV Channel 19 / Television Studio / Media Distribution
- Community-Caring Monterey / Social Service Agency / Charitable Organization
- Ombudsman Advocates / Law Firm
Property Details for 2200 Gdn Rd
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 5.74 lot acres
- Property size
- 15,075 SF
- Property type
- Office buildings
- APN
- 013-312-015-000
- APU
- 13312015000
Description
This exceptional mixed-use investment property in Monterey, California, presents a rare opportunity. Located at 2200 Garden Rd, this 19,102 square foot building sits on a 2.98-acre lot and boasts a 6.25% cap rate with a strong NOI of $425,493. The property is 100% occupied by two tenants: BluePearl, under a 13-year net lease with 2.5% annual rent escalations, and a Federal Government entity. This provides exceptional stability and security in today's market. The building, constructed in 1984 and renovated in 2015 and 2022, features a functional layout suitable for a variety of uses. The property includes 60 parking spaces. The I-R-135 zoning allows for flexible use, including a multi-family residential overlay (medium density). The strategic location along Garden Road and State Route 68 (combined AADT 32,426) offers excellent visibility and access to Highway 1. The property benefits from robust demographics, with a daytime population of 112,578 and an average annual household income of $141,005 within a 5-mile radius. Nearby amenities include the Monterey Regional Airport, numerous retailers (Starbucks, Jack in the Box, Safeway, Walgreens, etc.), and prominent businesses such as the Monterey Herald and the Naval Postgraduate School. The asking price is $6,808,000, representing a price per square foot of $405.25. This is a truly exceptional investment opportunity in a thriving coastal California market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,735,000
- ML approach
- $6,300,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,592,000
- AI Estimate
- $4,362,000
Market price range: $4.28M - $13.0MMarket price range: $1.40M - $9.71M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $8,205,000 Current use
- RESTAURANT
- $8,165,000 Change: -0% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $8,065,000 Change: -2% Conversion: Easy
- COMMERCIAL (GENERAL)
- $7,565,000 Change: -8% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $7,415,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Monterey
- County
- Monterey
- State
- California
- Longitude
- -121.859
- Latitude
- 36.5853
- 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
$46,568
$2,550,000
$1,645,260
$4,195,260
-
$0.00
$0.00
$0.00
