700 Cass StMonterey, CA 93940

Property Details for 700 Cass St

Year built

1952

Construction

WOOD

Property size (Sq ft)

6,913 SF

Property type

Office buildings

APN

001-591-058-000

APU

1591058000

Description

This two-story, 2,240-square-foot office building at 700 Cass St, Monterey, CA 93940, offers multiple suites for lease in Monterey County. The property features traditional office space, with a minimum divisible space of 400 square feet and a maximum contiguous space of 900 square feet. Currently, all 2,240 square feet are vacant and available for lease. Several suite options cater to small to medium-sized businesses. Suite 110 offers approximately 971 square feet at a rate of $2.00 per square foot, plus NNN charges. Suite 120 comprises approximately 900 square feet, also at $2.00 per square foot, plus NNN charges. Suite 201 is approximately 740 square feet and is available for $1,950 per month. Suite 202A is approximately 400 square feet and is available for $1,600 per month. Finally, Suite 202C, approximately 211 square feet, has an undisclosed lease rate. This exceptional location in Monterey provides easy access to local amenities and businesses. The property is ready for immediate occupancy. Contact us today to learn more about lease terms and availability for these versatile office suites.

• CAP approach

  CAP return

  Valuation

  6%

  $2,346,180

  6.5%

  $2,165,710

  7%

  $2,011,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,928,100

  Geo Method

  $1,928,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,060,970

  Retail / Commercial

  $2,122,150

  Mixed-Use / Specialty

  $2,145,870

  Hospitality / Lodging

  $1,615,090

  Institutional / Educational

  $2,242,020

  Residential Income

  $2,623,170

  Multifamily

  $2,972,640

  Automotive / Energy

  $1,921,730

  Parking / Income-Based Land

  $632,256

  Restaurant / Food Service

  $1,182,850

  Healthcare / Senior Housing

  $2,168,470

Location Insight

City

Monterey

County

Monterey

State

California

Latitude

36.5948

Longitude

-121.896

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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