439 Alvarado St Monterey, CA 93940
Property profile & analytics
439 Alvarado St Monterey, CA 93940
- Banks
- 9,004 SF
- 0.28 lot acres
Property ID
US10-1984602
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
- Mechanics Bank - Monterey Branch / Bank / Loan Service
Property Details for 439 Alvarado St
- Year built
- 1942
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.28 lot acres
- Property size
- 9,004 SF
- Property type
- Banks
- APN
- 001-573-012-000
- APU
- 1573012000
Description
This exceptional commercial property, located at 439 Alvarado in Monterey, California, presents a compelling investment opportunity. The 11,111 square foot building sits on a 0.28-acre lot and is currently generating strong income streams from two established tenants. The anchor tenant, a bank, is secured by a 7-year triple net (NNN) lease, providing long-term stability and predictable cash flow. Adding to the property's value, the second-floor tenant is operating under a newly signed 4-year triple net (NNN) lease, further solidifying the investment's potential. This prime Monterey location offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a stable, high-yield commercial property. The building's size and layout provide flexibility for future tenants, should the need arise. The current lease agreements minimize landlord responsibilities, making this a low-maintenance investment with significant upside potential. This is a rare opportunity to acquire a well-leased commercial property in a desirable Monterey location. The asking price of $5,600,000 reflects the property's strong tenant occupancy, favorable lease terms, and prime location. Serious inquiries are encouraged.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $995,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,125,000 Change: +13% Conversion: Difficult
- RESTAURANT
- $1,020,000 Change: +3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Monterey
- County
- Monterey
- State
- California
- Longitude
- -121.894
- Latitude
- 36.5991
- 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
$37,250
$1,051,410
$2,274,319
$3,325,729
-
$0.00
$0.00
$0.00
