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3 S Wood St 2,356 SF Retail Building Salinas, CA 93905 $1,276,101 CAD ($541.64 CAD/SF) 7.70% Cap Rate
Executive Summary
Great opportunity to own two commercial units and one residential unit. The two commercial units are currently rented as a Mexican restaurant and a hair salon. The upstairs unit has been vacant for many years and would make a great owner unit or rental. It consists of three bedrooms and one bath. There is a small unit across the hall from it that has a sink, 1/2 bath, heating, electrical for a oven and laundry hook ups. Only thing missing is a shower. This location has been in the same family for many years and once was the locals go to place for Chinese food. There is also a nice sized piece of unused land that has not been used for any financial gain but has great possible opportunity for expansion. Take a look this might just be the investment you're looking for!
Upstairs unit is currently vacant and rent is estimated.
Upstairs unit is currently vacant and rent is estimated.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$117,484
|
$49.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,484
|
$49.87
|
| Taxes |
$2,554
|
$1.08
|
| Operating Expenses |
$15,854
|
$6.73
|
| Total Expenses |
$18,408
|
$7.81
|
| Net Operating Income |
$99,077
|
$42.05
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $117,484 |
| Annual Per SF | $49.87 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,484 |
| Annual Per SF | $49.87 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,554 |
| Annual Per SF | $1.08 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,854 |
| Annual Per SF | $6.73 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,408 |
| Annual Per SF | $7.81 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,077 |
| Annual Per SF | $42.05 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,356 SF
Building Class
C
Year Built
1955
Price
$1,276,101 CAD
Price Per SF
$541.64 CAD
Cap Rate
7.70%
NOI
$98,260 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.10 AC
Frontage
113’ on S Wood St
Amenities
- Bus Line
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- La Casa Del Guajolote LLC
- Public Administration
- -
- -
- -
- Oriental Restaurant
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| La Casa Del Guajolote LLC | Public Administration | - | - | - | ||
| Oriental Restaurant | Retailer | - | - | - |
Walk Score®
Very Walkable (88)
Nearby Major Retailers
Property Taxes
| Parcel Number | 004-052-007-000 | Total Assessment | $196,737 CAD |
| Land Assessment | $49,022 CAD | Annual Taxes | $2,554 CAD ($1.08 CAD/SF) |
| Improvements Assessment | $147,715 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
004-052-007-000
Land Assessment
$49,022 CAD
Improvements Assessment
$147,715 CAD
Total Assessment
$196,737 CAD
Annual Taxes
$2,554 CAD ($1.08 CAD/SF)
Tax Year
2025
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Presented by
Backus Properties
3 S Wood St
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