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    21916 JAPATUL LANE Alpine, CA 91901

    View on Map
    For Sale
    $2,500,000

    Commercial Sale - Alpine, CA

    Property size:
    3,531 SF
    Lot size:
    76.00 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    36
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 21916 JAPATUL LANE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    AGRICULTURAL
    Standard status
    Active
    APN
    5231002800
    Size
    3,531 SF
    Lot size
    76.00 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Architectural style
    Other

    We can help!

    Listing Contact
    Gregg Phillipson

    Listing agent Gregg Phillipson License #01153857

    Listing office Keller Williams Realty 7777 Alvarado Road Suite 700, La Mesa, CA

    Listing date Feb 24, 2026

    MLS# PTP2601442 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    76 Acre Ranch in Alpine

    This 76-acre ranch is located in Alpine, approximately 10 minutes from Freeway 8 East. The property, zoned for agricultural use, is suitable for a family compound, cattle ranch, or horse ranch, and offers the potential for subdivision into 20-acre parcels. At the heart of the ranch is a custom-built single-story home and a guest house featuring 3 bedrooms and 2.5 baths. The 3,531 square foot home includes exposed wood-beamed ceilings, dual-pane windows with custom wood trim, and panoramic views. The spacious kitchen features a breakfast bar, granite counters, a walk-in pantry, a double oven, and stainless steel appliances. Additional features include an office/desk niche area, a large family room with a fireplace, recessed lighting, and a primary bedroom with a walk-in closet. The primary bath has a dual vanity and a walk-in shower. The home is set up for extended family living with 2 kitchens and 2 living areas. The property includes an oversized 2-car garage, 2 wells with a 20,000-gallon storage tank, mature oaks, horse stalls, and an enclosed storage/tack room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alpine
    County
    San Diego
    State
    California
    Longitude
    -116.6830394
    Latitude
    32.7928965

    Nearby Similar for Sale

    • $650,000

      Alpine Bakery and Coffee Shop

      Established bakery and coffee shop with growth potential in Alpine.
      2806 Alpine, Alpine, CA 91901
      View Details
    • $3,000,000
      6,000 SF

      Alpine Mixed-Use Development Opportunity

      2.24 acres with commercial, residential, and expansion potential.
      2560 ALPINE BLVD 66, Alpine, CA 91901
      View Details

    FAQs

    What type of property is this?
    Ranch - 76-acre ranch with custom home and guest house.
    Where is this ranch located?
    The property is located at 21916 JAPATUL LANE Alpine, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 76 acres of usable land suitable for various purposes; Main house and a guest house with 3 bedrooms, 2.5 baths, and 3531 sq ft; Two kitchens and two living areas, ideal for extended family
    (619) 507-3166
    We can help!
    Listing Contact
    Gregg Phillipson
    Real Estate License ID: 01153857
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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