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Property profile & analytics
OFF-MARKET Estimated value $605,000
Commercial land

9601 Blue Larkspur Ln Monterey, CA 93940

1.79 ac lot
Individually Owned 4-yr Hold Free & Clear
Property ID
US09-2108832
Property summary
AI-generated overview

This exceptional 1.79-acre commercial land parcel presents a rare opportunity in the desirable Monterey, CA market. Situated along Highway 68, this property boasts unparalleled visibility and accessibility. Its strategic location offers significant potential for a variety of development projects. An adjacent property has recently received approval for an apartment complex, suggesting strong market demand and feasibility for similar ventures. The zoning allows for the construction of apartments, professional office buildings, or a mixed-use development, providing considerable flexibility for investors and developers. The expansive lot size provides ample space for a substantial project, accommodating significant square footage and potentially multiple buildings. Given the scarcity of available commercial land in this area, particularly along a major thoroughfare like Highway 68, this property represents a truly unique investment opportunity with significant upside potential. The approved adjacent apartment project further validates the desirability and viability of this location for high-density development. This is an exceptional chance to acquire a prime piece of Monterey real estate with a clear path to development. The property's location and zoning flexibility make it an ideal investment for those seeking high-return opportunities in a thriving California market. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.79 ac (77,972 SF)
APN 173-121-002-000
UPID US09-2108832
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
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$605k
Owner & transaction history
Yuan Shen · 4 yrs held
Yuan Shen
since 2021
Last sale
$644,000
7 recorded transactions
2021
Price N/A
2021
Price N/A
2020
Price N/A
2014
Price N/A
2014
$644,000
2013
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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