Financial
Distress signals
Property profile

665 Munras Ave Monterey, CA 93940

FOR LEASE
Office buildings
Property ID
US09-2665706
20,000 SF 0.91 ac lot Built 2001
Last sale Aug 2018 · $6,688,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class A office property, located at 665 Munras Avenue in the heart of downtown Monterey, California, offers a combined 21,174 square feet of versatile space. The building is ideally suited for a variety of uses, including medical offices, traditional office spaces, and executive suites. Currently available are multiple tenancy options. The property's central location in Monterey County, zip code 93940, provides easy access to local amenities and transportation. Specific

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$79k
Tax billed · 2023
Assessed value$7.17M
Assessed land$3.17M
Assessed improvement$4.00M
Effective rate1.10%

Value estimate

· Sep 2026
$6.39M
$5.75M – $7.03M
CAP approach$4.61M
Submarket $/SF estimate$7.46M
NOI build-up
Gross scheduled income$39k
Vacancy & credit loss−$9k
Operating expenses−$8k
NOI · 1,015,244.44% cap applied$23k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$544/SF
ZIP average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$284 – $861

Cap rate analysis

How does the asset earn?
1,015,244.44%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMONTEREY

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service13.4
Barber Shop11.9
Storage Facility11.9

Location

665 Munras Ave Monterey, CA 93940
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
120 Del Rey Gdns, Del Rey Oaks, CA 93940-5709 $1,940,000 Feb 2026 7,610 SF
2959 Salinas, Monterey, CA 93940-6400 $1,800,000 Dec 2024 59,000 SF
2560 Gdn, Monterey, CA 93940-5338 $3,500,000 Feb 2023 26,845 SF
659 Abrego, Monterey, CA 93940-3238 $2,087,000 Feb 2023 8,170 SF
480 Calle Principal, Monterey, CA 93940-2735 $2,100,000 Jun 2022 10,173 SF
490 Calle Principal, Monterey, CA 93940-2706 $1,500,000 Jun 2022 5,369 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
More about this property
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