26000 Encinal RdSalinas, CA 93908

  • Retail properties
  • 9.88 AC
For Sale
$3,750,000 View listing

Property Details for 26000 Encinal Rd

Lot size
9.88 AC
Property type
Retail properties
Property subtype
Other retail properties
APN
137-111-014-000
APU
137111014000

Description

This exceptional 21.25-acre property, situated in the heart of California's Salinas Valley at 26000 Encinal Road, presents a remarkable opportunity for agricultural entrepreneurs. The expansive site encompasses two parcels, offering a total of 341,000 square feet of greenhouse space. This substantial area is comprised of a mix of wood-frame and modern IDG structures, perfectly suited for large-scale cultivation operations. The property's versatility is further enhanced by multiple outbuildings, providing ample space for storage, workshops, or other operational needs. Adding to its appeal is a comfortable, sizable on-site residence. This 4,446 square foot home boasts five bedrooms and 2.5 bathrooms, offering convenient living accommodations. Previously used for cannabis cultivation, the property's existing infrastructure makes it an ideal location for a variety of agricultural ventures. Its strategic location within the fertile Salinas Valley, surrounded by a thriving agricultural community, ensures excellent access to resources and markets. This property represents a unique chance to acquire a well-established and expansive agricultural holding in a prime location. The combination of substantial greenhouse space, ample outbuildings, and comfortable living quarters makes this an exceptional investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $189,474,896
    6.5%
    $174,899,904
    7%
    $162,407,056
  • Comparable approach

    Method
    Valuation
    Relative Method
    $302,524,896
    Geo Method
    $302,524,896
  • Alternative Use

    Use
    Valuation
    Residential
    $147,534,608
    Hospitality
    $135,140,912
    Educational
    $112,435,656
    Medical
    $116,302,488
    Retail
    $174,899,904
26000 Encinal Rd, Salinas, California

Location Insight

City
Salinas
County
Monterey
State
California
Latitude
36.6199
Longitude
-121.516
CBSA code
41500
CBSA name
SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,060
$218,036
$1,998,719
$2,216,755
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