Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    King City Farmland Opportunity Title is generated by Realmo AI

    48453 Lonoak Road, King City, CA 93930

    View on Map
    Claim this Listing
    For Sale
    $20,900,000

    Farm/Estate - King City, CA

    Type:Farm
    Lot size:
    743.96 Acres
    Added:
    Jul 4, 2025
    Days on Market:
    320
    Last Refresh:
    May 19 at 1:06 am

    Property Features for 48453 Lonoak Road

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Parking features
    Garage
    Standard status
    Active
    Lot size
    743.96 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Bailey

    Listing agent Chris Bailey

    Listing office California Outdoor Properties 707 Merchant Street, Vacaville, CA

    Listing date Jul 4, 2025

    MLS# 11556006 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 552.60 acres of highly productive, level Class I & II soils suitable for diverse row crops.
    • Developed irrigation system with two high‑production wells and retention ponds.
    • Income‑producing lease with a large local agricultural cooperative providing reliable annual revenue.
    • Mild Mediterranean climate ideal for year‑round agriculture.
    • Utilities are in place, fully equipping the farmland for ongoing agricultural use.
    • Located in Monterey County in King City.

    Overview

    Located in Monterey County, King City, this farm comprises 743 acres, including 552.60 acres of Class I & II soils suitable for row crops. Currently used for leafy greens, the irrigated land benefits from an irrigation system with two high-production wells and retention ponds. An income-producing lease is in place with a local agricultural cooperative, providing annual revenue. The soil quality, water availability, Mediterranean climate, and existing infrastructure allow for crop rotations or diversified production. Utilities are in place, equipping the farmland for ongoing agricultural use. The property can be sold three ways: both farm and ranch, ranch only, or farm only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    King City
    County
    Monterey
    State
    California
    Longitude
    -121.105
    Latitude
    36.212

    Nearby Similar for Sale

    • $29,165,000
      2,368 SF

      King City Farm and Ranch Estate

      7607 acre farm and ranch with income potential.
      54800 Lonoak Road, King City, CA 93930
      View Details
    • $8,265,000
      2,368 SF

      Expansive Ranch Land with Water Resources

      6,863.64-acre ranch with grazing land and water resources.
      54800 Lonoak Road, King City, CA 93930
      View Details
    • $900,000

      Triplex Near Downtown and Theater

      Three units offer investment opportunity near downtown and movie theater.
      307 N 3rd St, King City, CA 93930
      View Details
    • $1,200,000
      10,480 SF

      Cannabis Manufacturing and Distribution Facility

      Remodeled cannabis facility with manufacturing and distribution licenses.
      101 Airport Road, KING CITY, CA 93930
      View Details
    • $3,100,000
      1,006 SF

      Retail Space in King City

      Retail property with freeway access in Monterey County.
      1301 Bdwy St, King City, CA
      View Details
    • Contact for pricing
      5,000 SF

      Insulated Warehouse with Small Office

      5,000 SF insulated warehouse featuring a small office.
      S 1st St, King City, CA
      View Details
    • $2,000,000

      Fenced Ranch with Exotic Animals

      King City ranch featuring lodging, cooking facilities, and exotic animals.
      60150 Jolon Rd, King City, CA
      View Details
    • $1,950,000

      King City Ranch Property

      Ranch property suitable for hunting, cattle, horses, and recreation.
      Unnamed Road, King City, CA 93930
      View Details

    FAQs

    What type of property is this?
    Farm - 743 acre farm with Class I & II soils.
    Where is this farm located?
    The property is located at 48453 Lonoak Road King City, CA.
    What is the asking price?
    The asking price for this property is $20,900,000.
    What are key features of this property?
    This property features: 552.60 acres of highly productive, level Class I & II soils suitable for diverse row crops.; Developed irrigation system with **two high‑production wells and retention ponds.**; Income‑producing lease with a large local agricultural cooperative providing reliable annual revenue.
    (707) 455-4444
    We can help!
    Listing Contact
    Chris Bailey
    Learn More
    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
    48453 Lonoak Road, King City, CA 93930
    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!