665 Munras AveMonterey, CA 93940

Property Details for 665 Munras Ave

Year built

2001

Construction

WOOD

Lot size

0.91 AC

Property size (Sq ft)

20,000 SF

Property type

Office buildings

APN

001-683-016-000

APU

1683016000

Description

This exceptional Class A office property, located at 665 Munras Avenue in the heart of downtown Monterey, California, offers a combined 21,174 square feet of versatile space. The building is ideally suited for a variety of uses, including medical offices, traditional office spaces, and executive suites. Currently available are multiple tenancy options. The property's central location in Monterey County, zip code 93940, provides easy access to local amenities and transportation. Specific suites available include approximately 2,124 square feet and 1,627 square feet, offering flexibility for businesses of various sizes. The building's Class A designation reflects its high-quality construction, modern amenities, and desirable location. This is an excellent opportunity to secure premium office space in a thriving Monterey business district. Interested parties should inquire about available suite sizes and lease terms. The property is situated in Monterey, CA, offering a prestigious address and convenient access to the city's vibrant cultural and commercial scene. This is a rare opportunity to lease high-quality office space in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,787,740

  6.5%

  $6,265,610

  7%

  $5,818,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,578,200

  Geo Method

  $5,578,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,748,800

  Retail / Commercial

  $6,139,590

  Mixed-Use / Specialty

  $6,208,220

  Hospitality / Lodging

  $4,672,620

  Institutional / Educational

  $6,486,390

  Residential Income

  $7,589,080

  Multifamily

  $8,600,140

  Automotive / Energy

  $5,559,760

  Parking / Income-Based Land

  $1,829,180

  Restaurant / Food Service

  $3,422,120

  Healthcare / Senior Housing

  $6,273,590

Location Insight

City

Monterey

County

Monterey

State

California

Latitude

36.596

Longitude

-121.893

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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