Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    602 Williams Rd Salinas, CA 93905-1927

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    602 Williams Rd Salinas, CA 93905-1927

    View on Map
    • Retail space
    • 16,468 SF
    • 1.63 lot acres
    Off-Market
    Last Sale Feb 26, 2026
    $5,000,000
    Property ID
    US09-1838347
    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.
    Value Estimations
    $4,745,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • GNC at Rite Aid / (Bike/Boat/Book/etc) Store / Pharmacy
    • LibertyX Bitcoin ATM / Atm
    • Rite Aid Photo / (Bike/Boat/Book/etc) Store
    • Rite Aid Pharmacy / Pharmacy
    • Rite Aid / Pharmacy

    Property Details for 602 Williams Rd

    Year built
    1998
    Construction
    TILT-UP CONCRETE
    Lot size
    1.63 lot acres
    Property size
    16,468 SF
    Property type
    Retail space
    APN
    153-061-056-000
    APU
    153061056000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,920,000
      6.5%
      $3,615,000
      7%
      $3,360,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,370,000
      Market price range: $2.38M - $7.43M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,800,000
      Current use
      INDUSTRIAL (GENERAL)
      $6,770,000
      Change: +41% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,570,000
      Change: +37% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,155,000
      Change: +7% Conversion: Easy
      MEDICAL BUILDING
      $5,100,000
      Change: +6% Conversion: Difficult
      OFFICE BUILDING
      $4,830,000
      Change: +1% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.606
    Latitude
    36.6794
    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
    $42,656
    $1,506,843
    $1,672,596
    $3,179,439
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $11,120,000
      60,691 SF

      1576 Sanborn Rd

      RETAIL STORES (PERSONAL SERVICES) • 60,691 SF
      1576 Sanborn Rd, Salinas, CA 93905-4761
      View Details
    • Value Estimation
      $735,000
      4,038 SF

      1159 Sanborn Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,038 SF
      1159 Sanborn Rd, Salinas, CA 93905-1409
      View Details
    • Value Estimation by Request
      2,530 SF

      604 Market St

      RETAIL STORES (PERSONAL SERVICES) • 2,530 SF
      604 Market St, Salinas, CA 93905-2109
      View Details
    • Value Estimation
      $830,000
      7,605 SF

      950 Sanborn Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,605 SF
      950 Sanborn Rd, Salinas, CA 93905-1348
      View Details
    • Value Estimation by Request
      2,075 SF

      1110 Market St

      RETAIL STORES (PERSONAL SERVICES) • 2,075 SF
      1110 Market St, Salinas, CA 93905-2312
      View Details
    • Value Estimation
      $525,000
      3,894 SF

      463 Williams Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,894 SF
      463 Williams Rd, Salinas, CA 93905-2926
      View Details

    Similar Nearby for Sale

    • $174,250

      55+ Community Mobile Home

      Two-bedroom home in a resort-style 55+ community.
      150 Kern St, Salinas, CA 93905
      View Details
    • $1,350,000
      2,402 SF

      Salinas Multifamily Investment Opportunity

      Five-unit complex, excellent cash flow.
      1008 Beech St, Salinas, CA 93905
      View Details
    • $950,000
      2,050 SF

      Charming Fourplex in Salinas

      Unique four-unit property with income potential in Salinas, California.
      119 Carr Ave, Salinas, CA 93905
      View Details
    • $2,025,000
      8,459 SF

      Medical/Office Suites For Sale

      Medical/office suites with telecommunications ground lease for sale.
      323 N Sanborn Rd, Salinas, CA 93905
      View Details
    • $775,000

      Fully Rented Triplex Investment Opportunity

      Triplex in East Salinas with remodeling and income potential.
      615 Terrace St, Salinas, CA 93905
      View Details
    • $2,025,000
      8,459 SF

      Medical/Office Building For Sale

      8,459 SF medical/office building available for purchase.
      323 Sanborn Rd N, Salinas, CA 93905
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Salinas Center

      Retail space available in a busy Salinas shopping center.
      1542-1548 N Sanborn Rd, Salinas, CA 93905
      View Details
    • $27 SF/Yr
      840 SF

      Retail Space in Salinas Center

      Retail spaces available in a neighborhood shopping center.
      1490 Constitution Blvd, Salinas, CA 93905
      View Details
    • Contact for pricing

      Retail Space in Boronda Plaza

      Retail space for lease in Salinas, anchored by Food 4 Less.
      1576 N Sanborn Rd, Salinas, CA 93905
      View Details
    • Contact for pricing
      229,000 SF

      Salinas Warehouse Distribution Center

      New 130,000 sq ft warehouse/distribution center near Salinas Airport.
      Airport Blvd, Salinas, CA 93905
      View Details
    • $1.65 SF/Yr
      16,794 SF

      Salinas Airport Business Park Office

      Office suite available for rent in Salinas Airport Business Park.
      752 La Guardia St, Salinas, CA 93905
      View Details

    Property Visit Statistics

    • Visits by month
      5.2k
    • Visitors by month
      4.8k
    • Avg Time on site
      15 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    602 Williams Rd
    Salinas, CA 93905-1927
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    602 Williams Rd, Salinas, CA, 93905

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!