Financial
Distress signals
Property profile

910 Major Sherman Ln Monterey, CA 93940

FOR LEASE
Office buildings
Property ID
US09-1896189
5,896 SF 0.21 ac lot Built 1985
Last sale Dec 2017
Trust Owned Owner of record is a trust. 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Sublease opportunity for ±3,207 square feet of medical office space at 910 Major Sherman Ln, Monterey, CA 93940. This third-floor space features nine exam rooms, a reception area, staff and guest restrooms, and a breakroom. High-quality finishes are present throughout. The building offers convenient elevator access and on-site parking. The current lease expires in October 2029, and the sublease is available immediately. Included in the sublease are numerous furnishings, such as office

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?
$14k
Tax billed · 2023
Assessed value$1.22M
Assessed land$301k
Assessed improvement$919k
Effective rate1.12%

Value estimate

· Sep 2026
$1.31M
$1.18M – $1.44M
CAP approach$1.36M
Submarket $/SF estimate$1.27M
NOI build-up
Gross scheduled income$71k
Vacancy & credit loss−$16k
Operating expenses−$14k
NOI · 1,650,560.00% cap applied$41k

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?
1,650,560.00%
$41k 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 Service11.7
Barber Shop10.8
Storage Facility10.0

Location

910 Major Sherman Ln Monterey, CA 93940
County assessor Recorded deeds · 7 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 · 15 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
9777 Blue Larkspur, Monterey, CA 93940-6584 $1,500,000 Sep 2024 5,214 SF
9821 Blue Larkspur, Monterey, CA 93940-6533 $1,950,000 May 2024 4,912 SF
659 Abrego, Monterey, CA 93940-3238 $2,087,000 Feb 2023 8,170 SF
1035 Cass, Monterey, CA 93940-4517 $1,775,000 Aug 2022 5,251 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
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