482 Alvarado St Monterey, CA 93940-2729
Property profile & analytics
482 Alvarado St Monterey, CA 93940-2729
- Showrooms
- 12,061 SF
- 0.30 lot acres
Property ID
US09-3409891
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
- Monterey Imports / Clothing Store
- CoinFlip Bitcoin ATM / Money Transfer Service / Atm
- Finch and Pirkle Insurance / Insurance Agency
- Old Capitol Books / (Bike/Boat/Book/etc) Store
- Twisted Roots Monterey SMOKE SHOP / (Bike/Boat/Book/etc) Store
Property Details for 482 Alvarado St
- Year built
- 1941
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.30 lot acres
- Property size
- 12,061 SF
- Property type
- Showrooms
- APN
- 001-572-003-000
- APU
- 1572003000
Description
This exceptional 12,061 square foot commercial building is ideally situated in the heart of Monterey's vibrant downtown area, boasting a prime location at 482 Alvarado Street. The property features a blend of retail and executive office spaces, catering to a diverse range of business needs. Two main entrances, conveniently located on Alvarado Street and Calle Principal, provide excellent accessibility for both customers and employees. An internal elevator ensures easy navigation between floors, while two generously sized bathrooms add to the building's functionality. The property benefits from a high occupancy rate, with approximately 95% of the space currently leased under gross lease agreements, meaning the owner covers all expenses. Long-term tenants contribute to a stable income stream. Private parking is available on Calle Principal Street, offering added convenience. Furthermore, the Calle Principal Street side presents a compelling opportunity for potential future development into apartments or condominiums, subject to City of Monterey and water management approvals. Interested parties are encouraged to contact the City of Monterey for detailed information regarding development possibilities. This property represents a rare opportunity to acquire a well-established, high-performing commercial building in a highly desirable location. The 0.29-acre lot provides ample space and potential for future expansion or redevelopment. The asking price is $2,900,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,340,000
- ML approach
- $2,380,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,775,000
- 6.5%
- $2,560,000
- 7%
- $2,380,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,771,000
Market price range: $2.68M - $9.85M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Monterey
- County
- Monterey
- State
- California
- Longitude
- -121.895
- Latitude
- 36.5983
- 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
$18,828
$663,999
$905,457
$1,569,456
-
$0.00
$0.00
$0.00
