2150 Elkhorn RdCastroville, CA 95012

  • Retail properties
  • 132,966 SF
For Sale
$3,400,000 View listing

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
2150 Elkhorn Rd, Castroville, California

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

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
$11,286
$564,320
$447,299
$1,011,619
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