Property profile

451 Washington St Monterey, CA 93940

OFF-MARKET
Showrooms
Property ID
US09-1017600
3,150 SF 0.11 ac lot Built 1961
Individually Owned 5-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,200 square foot medical office space is ideally situated at 451 Washington Street in the heart of downtown Monterey, California, zip code 93940. Currently occupied, the property offers a versatile layout perfect for a variety of medical practices or related businesses. The space features four private offices, providing ample room for individual consultations or specialized services. A dedicated reception area ensures a professional and welcoming atmosphere for patients and clients, while a convenient conference room facilitates meetings and collaborative work. The building's location in Monterey County offers easy access to local amenities, transportation, and a thriving community. The single-tenancy nature of this property provides a unique opportunity for a business seeking a dedicated and well-appointed space to establish or expand its operations. This retail/office space is categorized as a medical office and presents a compelling opportunity for a business seeking a prominent presence in the vibrant downtown Monterey area. The property's address is 451 Washington Street.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1961
Construction TILT-UP CONCRETE
Total area 3,150 SF
Lot 0.11 ac (4,960 SF)
APN 001-694-001-000
UPID US09-1017600

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
  • Art Gallery
  • Loan Service Bank

Location

451 Washington St Monterey, CA 93940-3023
Monterey metro Census 12700 SALINAS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$670k
Comparable Approach Comparable
$645k
Blend (final) Blend
$545k

Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2011
Price N/A
2003
Price N/A
2000
$610,000
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 451 Washington St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message