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Property profile & analytics
OFF-MARKET Estimated value $885,000
Apartment buildings

842 Lighthouse Ave Pacific Grove, CA 93950-2546

5,084 SF 0.31 ac lot Built 1956
Individually Owned 18-yr Hold Free & Clear
Property ID
US09-0862498
Property summary
AI-generated overview

This exceptional retail property at 842 Lighthouse Avenue in Pacific Grove, California, offers a unique opportunity for businesses seeking high-visibility locations. The two-story building boasts a total of 12,500 square feet, divided into six suites. Currently, 9,766 square feet are available for lease, offering flexible space options. Businesses can lease spaces ranging from a minimum of 2,327 square feet to a maximum contiguous space of 10,000 square feet. The property is zoned for commercial use and is situated on busy Lighthouse Avenue, providing excellent street-level exposure. Enjoy stunning ocean views and proximity to Cannery Row and the Monterey Bay Aquarium. This prime location offers unparalleled access to a thriving tourist and local market. The building's convenient location provides easy access for customers and employees alike. With its multiple suite options, this property is ideal for a variety of retail businesses, offering the flexibility to accommodate diverse needs. The property is located in Monterey County, California, with a zip code of 93950. The address is 842 Lighthouse Ave, Pacific Grove, CA 93950, and the cross street is David Avenue.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1956
Construction WOOD
Total area 5,084 SF
Lot 0.31 ac (13,390 SF)
APN 006-133-019-000
UPID US09-0862498
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$885k
Owner & transaction history
Georis Stephan G & Eileen A Tr · 18 yrs held
Georis Stephan G & Eileen A Tr
since 2008
3 recorded transactions
2008
Price N/A
2001
Price N/A
2000
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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