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Property profile & analytics
FOR LEASE
Medical Office Space
323 N Sanborn Rd, Salinas, CA 93905
Individually Owned
Free & Clear
Property ID
US09-2999252
For Lease
1 / 4
$1,210,000
323 N Sanborn Rd, Salinas, CA 93905
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Construction
TILT-UP CONCRETE
Total area
9,660 SF
Lot
1.07 ac (46,765 SF)
APN
004-601-027-000
UPID
US09-2999252
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Natividad Medical Group Sanborn Medical Clinic
-
Dr. Jose M. Pauda, MD Pediatrician Physician
-
Foundation Laboratory North Sanborn Laboratory
-
Tala V. Gredinberg D.D.S., Inc. Dental Office
-
Alisal LTC Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.21M
Owner & transaction history
Salinas Clinica
Salinas Clinica
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$125 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,469
Tax year 2023
Assessed value
$688,399
Assessed 2023
Previous assessed
$688,399
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$123,629
Assessed improvement
$564,770
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
9
Bathrooms
8
Total area
9,660 SF
Lot
1.07 ac (46,765 SF)
APN
004-601-027-000
UPID
US09-2999252
Jurisdiction
MONTEREY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
9
Bathrooms
8
Lot
1.07 ac
Current owner
From public records · entity-resolved
Salinas Clinica
Individual
Free & Clear · 0 yrs held
Mailing address
1034 BAYWOOD PL, SALINAS, CA 93901-1806
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2026
$2,230,000
Salinas Clinica
Dong Family Enterprises LLC
Grant Deed
—
Jan 14, 2020
—
Dong Family Ents LLC
Dong Eugene JR.
Quit Claim Deed
related
—
Dec 27, 2019
—
Aaron S Dong
Dong Eugene JR.
Quit Claim Deed
related
—
Sep 22, 2017
—
Wong,william H & Ruth J Trust
Wong,ruth J
Affidavit Of Death
related
—
Aug 17, 2016
—
Pti Us Towers I LLC
—
Deed
related
$1,000,000,000 · Toronto Dominion Tx
—
—
Dong Trust
—
Deed Of Trust
related
$400,000 · Pacific Western National Bank
—
—
Pti Us Towers I LLC
—
Deed Of Trust
related
$1,000,000,000 · Toronto Dominion Tx
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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