900 Cass StMonterey, CA 93940

Property Details for 900 Cass St

Lot size

0.02 AC

Property size (Sq ft)

1,068 SF

Property type

Office properties

Property subtype

Other office properties

APN

001-606-002-000

APU

1606002000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $319,823

  6.5%

  $295,221

  7%

  $274,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $297,876

  Geo Method

  $297,876

• Alternative Use

  Use

  Valuation

  Residential

  $366,074

  Hospitality

  $335,322

  Educational

  $278,984

  Medical

  $288,578

  Retail

  $433,975

Location Insight

City

Monterey

County

Monterey

State

California

Latitude

36.5933

Longitude

-121.896

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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