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    221 Tucker Road Royal Oaks, CA 95076

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    Claim this Listing
    For Sale
    $379,555

    Land/Lot - Royal Oaks, CA

    Lot size:
    70,937.00 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    91
    Last Refresh:
    May 7 at 11:06 am

    Property Features for 221 Tucker Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential - Vacant Land
    Exterior features
    Community Features Included: Hiking, Rural
    Standard status
    Active
    APN
    129271021000
    Lot size
    70,937.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Felipe Alvarez
    Felipe Alvarez

    Listing agent Felipe Alvarez License #01213601

    Listing office Vylla Home, Inc. 25 Enterprise Ste 303, Aliso Viejo, CA

    Listing date Feb 5, 2026

    MLS# OC26027559 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.

    HighLights

    • Large 1.63 acre lot in Monterey County
    • Located just 6.5 miles from the coast
    • Oak tree studded property with development potential
    • Owner has completed extensive research on development requirements
    • Well water rights included via easement
    • Owner can share building, grading, and conceptual designs

    Overview

    Royal Oaks Acreage with Potential

    This 1.63-acre lot, as per tax assessors, is located in Monterey County, approximately 6.5 miles from the coast. The property features oak trees and a clear path for development. The owner has researched tree removal requirements, waterlines, setback measurements, and created detailed topographical maps. The owner can share a floor plan, building pad location, and driveway designs. A detailed inventory of protected oak trees is available. The owner can also share building, grading, and conceptual designs with the buyer. The lot includes well water rights, connecting via easement to an existing well on the owner's adjacent property. There is a possibility to rent a mobile home and access electricity from the owner next door during the build.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Gym & Fitness Center Pharmacy Accounting Firm Auto Repair Shop Daycare Center Big Box & Wholesale Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oaks
    County
    Monterey
    State
    California
    Longitude
    -121.747
    Latitude
    36.9274

    Nearby Similar for Sale

    • $425,000

      Prime Agricultural Land Opportunity

      One-acre agricultural land parcel between Santa Cruz and Monterey.
      175 Johnson RD, ROYAL OAKS, CA 95076
      View Details
    • $829,000
      1,645 SF

      Royal Oaks Duplex Investment Property

      Investment property with two studios and a 3-bed home.
      20 Gonda ST, ROYAL OAKS, CA 95076
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large lot with well water rights and development potential.
    Where is this residential land & home lot located?
    The property is located at 221 Tucker Road Royal Oaks, CA.
    What is the asking price?
    The asking price for this property is $379,555.
    What are key features of this property?
    This property features: Large 1.63 acre lot in Monterey County; Located just 6.5 miles from the coast; Oak tree studded property with development potential
    (714) 875-3911
    We can help!
    Listing Contact
    Felipe Alvarez
    Felipe Alvarez
    Real Estate License ID: 01213601
    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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