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Financial
Distress signals
Property profile

908 S Main St Salinas, CA 93901

FOR LEASE
Retail space
Property ID
US09-1804100
5,388 SF 0.14 ac lot Built 1965
Last sale Dec 2020
Trust Owned Owner of record is a trust. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

908 1/2 S. Main St., located in Valley Center Plaza, is a mixed-use retail or office building with approximately 2,825 square feet of space. The property is situated directly across a courtyard from Pastabilities Restaurant, offering opportunities for exterior visibility and signage. It includes on-site parking and individual suites that have been renovated, featuring new HVAC systems, remodeled bathrooms with one ADA-compliant bathroom per suite, new LED lighting, a roof replacement, and fresh interior paint. The property is zoned MX (Mixed Use).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$325k
Assessed land$93k
Assessed improvement$232k
Effective rate1.20%

Value estimate

· Oct 2026
$265k
$239k – $292k
Submarket $/SF estimate$780k
NOI build-up
Gross scheduled income$61k
Vacancy & credit loss−$3k
Operating expenses−$17k
NOI · 2,688,133.33% cap applied$40k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$291/SF
County average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$145 – $451

Cap rate analysis

How does the asset earn?
2,688,133.33%
$40k 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 Service13.7
Parking Facility11.0
Convenience Store9.6

Location

908 S Main St Salinas, CA 93901
County assessor Recorded deeds · 2 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
92 La Mesa, Salinas, CA 93901-2901 $975,000 Apr 2025 5,501 SF
363 Market, Salinas, CA 93901-3728 $2,000,000 Jan 2025 4,301 SF
436 Salinas, Salinas, CA 93901 $1,100,000 Apr 2024 4,202 SF
251 Main, Salinas, CA 93901 $1,700,000 Feb 2024 5,559 SF
231 Market, Salinas, CA 93901-3719 $82,636 Aug 2023 6,488 SF
841 Main, Salinas, CA 93901 $910,000 Jun 2023 5,370 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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