910 Major Sherman LnMonterey, CA 93940
- Office properties
- 5,896 SF
Property Details for 910 Major Sherman Ln
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 0.21 AC
- Property size (Sq ft)
- 5,896 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 001-731-028-000
- APU
- 1731028000
Description
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 desks and chairs, exam chairs, refrigerators, and more (see detailed list of included items). The property is zoned C-2 and is a single-tenant occupancy. This is a fantastic opportunity for a medical practice seeking a move-in ready space in a prime downtown Monterey location. Inquire for showing instructions.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,765,612
- 6.5%
- $1,629,796
- 7%
- $1,513,382
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,644,453
- Geo Method
- $1,644,453
-
Alternative Use
- Use
- Valuation
- Residential
- $2,020,947
- Hospitality
- $1,851,176
- Educational
- $1,540,157
- Medical
- $1,593,126
- Retail
- $2,395,800
Location Insight
- City
- Monterey
- County
- Monterey
- State
- California
- Latitude
- 36.5928
- Longitude
- -121.893
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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