900 Cass St 1B Monterey, CA 93940-4544
This exceptional opportunity presents two medical office condos totaling 2,493 square feet, situated at 900 Cass Street in Monterey County, California. The property, identified by APN 001-606-001 and 001-606-002, offers a unique investment prospect. One suite (Suite 101), comprising 1,068 to 1,425 contiguous square feet, will be delivered vacant upon closing, providing immediate occupancy for a new business. The second suite (Suite 102) features upgraded Class A finishes and comes with an existing lease in place, generating immediate rental income. The minimum divisible space is 1,068 square feet, while the maximum contiguous space available is 1,425 square feet. This prime location within Monterey's Cass Street medical district offers excellent visibility and accessibility, placing it in close proximity to downtown Monterey. The combined units present a rare opportunity to own a thriving medical practice space while simultaneously benefiting from passive rental income. The building's high-quality finishes and desirable location make this an attractive investment for both owner-occupiers and investors seeking a strong return. The property is currently entirely vacant, allowing for immediate customization and occupancy.
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The Monterey Program for Executive Health (MPEH) Hospital
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Dr. James E. Ramseur, MD Physician
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Abc Eye Care Ophthalmologist
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James E Ramseur, Jr., M.D. Physician Medical Clinic
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Monterey Joint Replacement and Sports Medicine Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.