910 Major Sherman LnMonterey, CA 93940

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,001,030

  6.5%

  $1,847,100

  7%

  $1,715,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,644,450

  Geo Method

  $1,644,450

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,463,550

  Retail / Commercial

  $1,809,950

  Mixed-Use / Specialty

  $1,830,180

  Hospitality / Lodging

  $1,377,490

  Institutional / Educational

  $1,912,190

  Residential Income

  $2,237,260

  Multifamily

  $2,535,320

  Automotive / Energy

  $1,639,020

  Parking / Income-Based Land

  $539,242

  Restaurant / Food Service

  $1,008,840

  Healthcare / Senior Housing

  $1,849,450

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

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