Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9 Soledad Dr Monterey, CA 93940-6036

    • Investment properties
    • 5,359 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3316194
    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.

    Current Use by Public Records

    • Chuck Hewett - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • Vogelpohl Insurance Services / Insurance Agency
    • Beauty by the sea / Hair Salon
    • Hygenic Footcare / Podiatrist / Medical Clinic
    • Shamrock Office Solutions / Office Equipment Supplier

    Property Details for 9 Soledad Dr

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    5,359 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    001-881-051-000
    APU
    1881051000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,235,000
      6.5%
      $1,140,000
      7%
      $1,055,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $766,000
      Market price range: $397k - $1.81M

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

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.904
    Latitude
    36.5843
    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
    $12,106
    $511,858
    $558,939
    $1,070,797
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      629 SF

      774 Wave St

      OFFICE/RESIDENTIAL (MIXED USE) • 629 SF
      774 Wave St, Monterey, CA 93940-1017
      View Details
    • Value Estimation
      $2,020,000
      5,558 SF

      2020 Del Monte Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,558 SF
      2020 Del Monte Ave, Monterey, CA 93940-2401
      View Details
    • Value Estimation
      $1,050,000
      4,485 SF

      831 Foam St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,485 SF
      831 Foam St, Monterey, CA 93940-1077
      View Details
    • Value Estimation
      $905,000
      3,885 SF

      590 Fremont St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,885 SF
      590 Fremont St, Monterey, CA 93940-3216
      View Details
    • Value Estimation
      $3,150,000
      9,804 SF

      191 Lighthouse Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 9,804 SF
      191 Lighthouse Ave, Monterey, CA 93940-1487
      View Details
    • Value Estimation by Request
      2,371 SF

      261 Webster St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,371 SF
      261 Webster St, Monterey, CA 93940-3227
      View Details

    Similar Nearby for Sale

    • $1,275,000
      1,414 SF

      Versatile Monterey Property Near Downtown

      Charming, versatile property in a prime Monterey location.
      415 Figueroa St, Monterey, CA 93940
      View Details
    • Contact for pricing
      0.20 Acres

      Prime Monterey Mixed-Use Opportunity

      Class A Office/Medical Space - 33,132 SF
      10 Ct Unit 1A, Monterey, CA 93940
      View Details
    • New
      $1,500,000
      2,633 SF

      Mixed-Use Property in Monterey

      Four-unit mixed-use property near Monterey Bay Aquarium.
      883 Lighthouse Ave, Monterey, CA 93940
      View Details
    • New
      $1,500,000
      2,633 SF

      Monterey Mixed-Use Investment Opportunity

      Four-unit mixed-use property in Monterey near Cannery Row.
      883 Lighthouse Ave, Monterey, CA 93940
      View Details
    • $3,900,000
      19,558 SF

      Downtown Monterey Commercial Gem

      Historic building, huge basement, elevator.
      449 Alvarado St, Monterey, CA 93940
      View Details
    • $2,500,000
      5,630 SF

      Prime Monterey Commercial Building

      Spacious, vacant office building in Monterey.
      245 Washington St, Monterey, CA 93940
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      21,671 SF

      Monterey Office Space For Lease

      Prime Monterey location, flexible suites.
      2511 Garden Rd, Monterey, CA 93940
      View Details
    • $2 SF/Yr
      2,500 SF

      Furnished Office Suite For Rent

      First floor office suite with ample parking and furnishings.
      9825 Blue Larkspur Ln, Monterey, CA 93940
      View Details
    • $1.75 SF/Yr
      694 SF

      Downtown Monterey Office Space

      Office space in downtown Monterey with off-street parking.
      798 Cass St, Monterey, CA 93940
      View Details
    • $17 SF/Yr
      3,207 SF

      Downtown Monterey Medical Office Sublease

      ±3,207 SF Medical Office Space Available
      910 Major Sherman Ln, Monterey, CA 93940
      View Details
    • $24 SF/Yr
      1,752 SF

      Prime Monterey Executive Office Space

      Prestigious Monterey office, flexible suites.
      270 El Dorado St, Monterey, CA 93940
      View Details
    • $2.00 SF/Yr
      3,600 SF

      Monterey Office Space with Balcony

      Office space featuring direct elevator access and wraparound balcony.
      660 Camino Aguajito, Monterey, CA 93940
      View Details
    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.
    9 Soledad Dr
    Monterey, CA 93940-6036
    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

    Google sign-in failed. Please try again or use another login method.