26000 Encinal RdSalinas, CA 93908
- Retail properties
- 9.88 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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