Property profile

26535 Carmel Rancho Blvd Carmel, CA 93923

OFF-MARKET
Office buildings
Property ID
US09-2852368
1,024 SF Built 1977
Individually Owned 25-yr Hold Free & Clear
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Property summary

AI-generated overview

This Class A, two-story medical office building in Carmel-by-the-Sea, California, offers two available suites totaling 2,900 square feet within a 15,000 square foot building. Located at 26535 Carmel Rancho Blvd (near Rio Rd), the suites feature 10-foot ceilings and range from 1,240 to 1,614 contiguous square feet, with a minimum divisible space of 1,240 square feet. Previously used as medical/dental/orthopedic space, the suites are finished with reception areas, private offices, in-suite restrooms, a lab room, a work bay, and a large open area. The property is zoned for Commercial Medical use and benefits from a large off-street parking lot. The building enjoys a desirable location near the Barnyard and Crossroads Shopping Centers, surrounded by a variety of medical and professional offices, including dentists, fitness centers, insurance agencies, salons, spas, chiropractors, and skincare businesses. Tenant improvements may be negotiated. The lease is a NNN lease with a base rent of $1.50 per square foot and an additional $0.50 per square foot for NNN expenses. The property is in Monterey County, CA, zip code 93923.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Construction WOOD
Total area 1,024 SF
APN 015-012-032-000
UPID US09-2852368

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office
  • Hair Salon
  • Hair Salon Nail Salon
  • Dental Office
  • Hair Salon

Location

26535 Carmel Rancho Blvd Carmel, CA 93923-8749
Carmel metro Census 11605 SALINAS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2000
3 recorded transactions
2000
Price N/A
1969
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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