26000 Encinal RdSalinas, CA 93908

Property Details for 26000 Encinal Rd

Lot size

9.88 AC

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $143,142,000

  6.5%

  $132,131,000

  7%

  $122,693,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $124,852,000

  Geo Method

  $124,852,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $252,848,000

  Mixed-Use / Specialty

  $133,608,000

  Hospitality / Lodging

  $100,560,000

  Office

  $134,843,000

  Institutional / Educational

  $139,595,000

  Residential Income

  $163,326,000

  Multifamily

  $185,085,000

  Automotive / Energy

  $119,653,000

  Parking / Income-Based Land

  $39,366,200

  Restaurant / Food Service

  $73,648,000

  Healthcare / Senior Housing

  $135,015,000

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

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