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Property profile & analytics
OFF-MARKET Estimated value $740,000
Showrooms

487 El Camino Real S Salinas, CA 93908-9661

4,200 SF 2.83 ac lot Built 1978
Trust Owned Free & Clear
Property ID
US09-4613003
Property summary
AI-generated overview

This exceptional executive office space at 487 South El Camino Real in Salinas, California, offers a variety of suite sizes perfect for businesses seeking a prestigious location. The building totals 18,106 square feet and features five suites, with three currently available. Individual suites range from a minimum of 2,541 square feet to a maximum contiguous space of 7,337 square feet. The property boasts high-end finishes throughout, including two large conference rooms, two restrooms, and two kitchenettes equipped with dishwashers. Convenience is maximized with an elevator providing access to a second-floor parking garage, and the building's prime downtown location offers easy access to public parking. The building enjoys a vibrant and convenient location adjacent to a plaza featuring popular amenities such as Equinox Health Club, Starbucks, Noah's Bagels, First Bank, Chase Bank, and Jamba Juice. For the first year of a minimum three-year lease, the net rate is a highly competitive $3.75 per rentable square foot per month. This property presents a unique opportunity for businesses seeking a sophisticated and well-appointed office space in a thriving Salinas location. The property is located in Monterey County, California, with the full address being 487 South El Camino Real, Salinas, CA 93908. The building is multi-tenant.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1978
Total area 4,200 SF
Lot 2.83 ac (123,274 SF)
APN 137-021-023-000
UPID US09-4613003
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
  • Valley DPF Auto Repair Shop
  • Noble Pride Roofing Co. Inc. Roofing Company General Contractor
  • Williams Equipment Co Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$855k
Comparable Approach Comparable
$843k
Blend (final) Blend
$740k
Owner & transaction history
Clore Family Trust
Clore Family Trust
since 2026
7 recorded transactions
2026
Price N/A
2022
Price N/A
2021
Price N/A
2016
Price N/A
2014
Price N/A
2004
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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