Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cayucos Land with Ocean Views Title is generated by Realmo AI

    3092 Gilbert Avenue, Cayucos, CA 93430

    View on Map
    Claim this Listing
    For Sale
    $49,000

    Land/Lot - Cayucos, CA

    Lot size:
    2,190.00 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    53
    Last Refresh:
    May 23 at 11:06 am

    Property Features for 3092 Gilbert Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RL
    Exterior features
    Community Features Included: Dog Park, Hiking
    Standard status
    Active
    APN
    064331042
    Lot size
    2,190.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Doug Adams

    Listing agent Doug Adams License #02239163

    Listing office Central Coast Real Estate 10 North Ocean Ave, Suite 112, Cayucos, CA

    Listing date Apr 1, 2026

    MLS# SC26069882 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

    • Superb ocean views
    • Great location
    • Community dog park
    • Hiking trails available
    • Great potential for the future
    • Check with County for latest information on building timing

    Overview

    This residential lot is located in Cayucos, California. The lot size is approximately 0.05 acres. The property offers potential ocean views. Interested parties should consult with the County for the latest information on building regulations and timing. The property is zoned RL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom Accounting Firm Bar & Pub Garden Center Discount Store Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Cayucos
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.87816
    Latitude
    35.42975

    Nearby Similar for Sale

    • $895,000

      Cayucos Ocean View Building Lot

      West-side Cayucos lot with panoramic ocean views, near town.
      510 Park, Cayucos, CA 93430
      View Details
    • $75,000

      Cayucos Land with Ocean Views

      Land in Cayucos, CA with ocean views and financing.
      596 Hacienda, Cayucos, CA 93430
      View Details
    • $75,000

      Cayucos Land with Ocean Views

      Residential land in Cayucos, CA, with ocean views and financing.
      624 Hacienda, Cayucos, CA 93430
      View Details
    • $159,000

      Ocean View Cayucos Buildable Lot

      Buildable downslope lot in Cayucos with ocean views.
      265 Cerro Gordo, Cayucos, CA 93430
      View Details
    • $25,000

      Cayucos Land For Sale

      Vacant land in Cayucos, CA. Buyer to verify.
      1 Ramona, Cayucos, CA 93430
      View Details
    • $25,000

      Cayucos Land Lot For Sale

      Vacant land lot in Cayucos, buyer to verify usage.
      0 Ramona, Cayucos, CA 93430
      View Details
    • $114,900

      Cerro Gordo Coastline View Property

      Residential land with utilities and coastline views in Cayucos.
      325 Cerro Gordo Avenue, Cayucos, CA 93430
      View Details
    • $150,000

      Cayucos Land with Estero Bay Views

      Land with views in Cayucos, California.
      588 Chaney Avenue, Cayucos, CA 93430
      View Details
    • $75,000

      Land with Ocean Views

      Land available in Cayucos with potential for seller financing.
      596 Hacienda, Cayucos, CA 93430
      View Details
    • $49,900

      Residential Lot Near Cayucos Beach

      Residential lot near the beach, ideal for a dream home.
      3096 Gilbert Avenue, Cayucos, CA 93430
      View Details
    • $3,145,000

      Cayucos Coastal Compound: Two Homes

      Two fully renovated homes, steps from the beach in Cayucos.
      31 N 3rd Street, Cayucos, CA 93430
      View Details
    • $11,000

      Land Lot in Rural Cayucos

      Paper lot east of Highway 1, not buildable.
      0 Herbert Avenue, Cayucos, CA 93430
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Cayucos with potential ocean views.
    Where is this residential land & home lot located?
    The property is located at 3092 Gilbert Avenue Cayucos, CA.
    What is the asking price?
    The asking price for this property is $49,000.
    What are key features of this property?
    This property features: Superb ocean views; Great location; Community dog park
    (805) 550-9142
    We can help!
    Listing Contact
    Doug Adams
    Real Estate License ID: 02239163
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3092 Gilbert Avenue, Cayucos, CA 93430
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!