26390 Carmel Rancho LnCarmel-by-the-Sea, CA 93923

  • Office properties
  • 12,235 SF
For Sale
$5,500,000 View listing

Property Details for 26390 Carmel Rancho Ln

Year built
1980
Construction
WOOD
Lot size
0.08 AC
Property size (Sq ft)
12,235 SF
Property type
Office properties
Property subtype
Office buildings
APN
015-012-051-000
APU
15012051000

Description

Exceptional opportunity to acquire a thriving, turnkey cannabis storefront in Carmel-by-the-Sea, CA. This 4,131 square foot retail space, situated on a 3,489 square foot lot (APN 015-012-058), boasts a prime location at 26390 Carmel Rancho Ln, 93923. The property, originally built in 1979, underwent extensive renovations in 1997 and a complete rebuild in 2020, ensuring modern functionality and aesthetics. The asking price of $5,500,000 includes the land, building, fixtures, furniture, equipment (FF&E), inventory, and a highly valuable cannabis license—one of only two in Carmel. This represents a rare chance to own a fully operational, established business in a highly desirable location. Detailed financial statements are available upon the execution of a non-disclosure agreement. The property is zoned LC-D-S. The price per square foot is $1,331.40. This is a truly unique investment opportunity combining real estate, a successful business, and a coveted license.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,663,885
    6.5%
    $3,382,048
    7%
    $3,140,473
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,412,464
    Geo Method
    $3,412,464
  • Alternative Use

    Use
    Valuation
    Residential
    $4,193,739
    Hospitality
    $3,841,442
    Educational
    $3,196,035
    Medical
    $3,305,952
    Retail
    $4,971,610
26390 Carmel Rancho Ln, Carmel-by-the-Sea, California

Location Insight

City
Carmel
County
Monterey
State
California
Latitude
36.5403
Longitude
-121.906
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
$15,092
$268,566
$479,591
$748,157
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