2150 Elkhorn RdCastroville, CA 95012
- Retail properties
- 132,966 SF
Property Details for 2150 Elkhorn Rd
- Lot size
- 9.70 AC
- Property size (Sq ft)
- 132,966 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
- APN
- 131-073-028-000
- APU
- 131073028000
Description
Exceptional investment opportunity: 9.8 acres of prime Monterey County farmland in Castroville (95012), featuring over 127,968 square feet of greenhouse space, including six separate buildings. This property boasts a mix of steel-frame and renovated wood-framed greenhouses, along with dedicated packing and propagation buildings, and a warehouse shop. The existing structures comprise approximately 63,504 square feet, 36,304 square feet, 26,160 square feet, 7,900 square feet, 3,360 square feet, and 2,999 square feet respectively. The land also includes approximately 3.6 acres of open farmland. The property benefits from a well-irrigation system, PG&E natural gas service, computerized vent controls, and an engineered retention basin. A single-wide mobile home with septic is also on the site. Zoned for residential, land, and agricultural use, this versatile property presents significant potential for expansion and diverse agricultural applications. The seller is seeking a 1031 exchange. APN: 131-073-028-000. Asking price: $3,400,000 ($26.57/sq ft).
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $58,532,328
- 6.5%
- $54,029,840
- 7%
- $50,170,568
-
Comparable approach
- Method
- Valuation
- Relative Method
- $93,455,576
- Geo Method
- $93,455,576
-
Alternative Use
- Use
- Valuation
- Residential
- $45,576,192
- Hospitality
- $41,747,548
- Educational
- $34,733,468
- Medical
- $35,928,008
- Retail
- $54,029,840
Location Insight
- City
- Castroville
- County
- Monterey
- State
- California
- Latitude
- 36.8006
- Longitude
- -121.723
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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