344 Salinas St Salinas, CA 93901-2727
Property profile & analytics
344 Salinas St Salinas, CA 93901-2727
- Office buildings
- 27,660 SF
- 0.28 lot acres
Property ID
US09-2977003
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
- PHP personas ayudando a personas / Bank / Credit Union
- Law Offices of Bruce Julian Kitchin / Law Firm
- Haworth Bradshaw Stallknecht / Law Firm
- Gaeta Raymond R MD / Physician
- Brose William G MD / Physician
Property Details for 344 Salinas St
- Year built
- 1976
- Construction
- WOOD
- Lot size
- 0.28 lot acres
- Property size
- 27,660 SF
- Property type
- Office buildings
- APN
- 002-345-016-000
- APU
- 2345016000
Description
This exceptional Class A, two-story office building, located at 344 Salinas St in downtown Salinas, CA, presents a compelling investment opportunity. Boasting 27,660 square feet and a 100% occupancy rate across 16 tenants, including the County of Monterey as its largest tenant, this property offers strong, stable cash flow. The building features 74 on-site parking spaces, supplemented by a nearby city parking garage, and sits on a 12,363 square foot lot. Built in 1976, the property is zoned for commercial office use and currently generates a pro-forma NOI of $349,739, with an asking price of $5,250,000 ($189.90/sq ft). The modified lease structure provides potential for future value-add opportunities through rent increases or lease conversions. The property benefits from a supply-constrained office market and historically low vacancy rates in Salinas, with city-wide office vacancy under 5%. The diverse tenant mix and significant presence of the County of Monterey contribute to the property's exceptional stability and long-term investment potential. Seller financing is available. This is a rare opportunity to acquire a high-performing, multi-tenant office building in a thriving California market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,775,000
- ML approach
- $4,925,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,614,000
- AI Estimate
- $3,136,000
Market price range: $4.72M - $15.1MMarket price range: $2.11M - $7.62M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $8,185,000 Current use
- RETAIL STORES
- $8,060,000 Change: -2% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $8,045,000 Change: -2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.656
- Latitude
- 36.6721
- 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
$49,668
$770,751
$3,066,058
$3,836,809
-
$0.00
$0.00
$0.00
