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    601 Old Hazel Dell Road Watsonville, CA 95076

    View on Map
    New
    For Sale
    $1,999,999

    Farm / Ranch, Craftsman,Farm House - WATSONVILLE, CA

    Type:Farm
    Property size:
    4,000 SF
    Lot size:
    32.74 Acres
    Added:
    Mar 29, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 601 Old Hazel Dell Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    A-P
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Family Room, Kitchen, Library, Office, Workshop
    Parking
    100
    Parking features
    Garage, Guest, Oversized
    Window features
    Skylight(s)
    Interior features
    None, Low Flow Shower, Low Flow Toilet, Ceiling Insulation, Skylight, Skylight, Video / Audio System
    Exterior features
    Fence
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range
    Standard status
    Active
    Size
    4,000 SF
    Lot size
    32.74 Acres

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1912
    Flooring type
    Carpet, Concrete, Hardwood, Laminate, Linoleum, Vinyl
    Roof type
    Composition
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Tim Yee
    Tim Yee

    Listing agent Tim Yee License #00863521

    Listing office RE/MAX Santa Clara Valley 1122 Willow St #100, San Jose, CA

    Listing date Mar 29, 2026

    MLS# ML82038832 Listing URL

    Copyright © 2026 MLS Listings, 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

    Watsonville Farm/Ranch Opportunity

    This property, situated in the Pajaro Valley/Corralitos district of the Santa Cruz Foothills, spans 32.74 acres. The property includes a remodeled 1912 Craftsman, a full-size theater/studio, and a converted barn with a full-size primary suite, living area, and music/art studio with ocean views. The total area under roof, including outbuildings and ADUs, exceeds 4000 square feet. The land features a large pasture, a fenced orchard, a stand of old-growth Redwood trees, and exotic fruit trees. The property is zoned A-P. The former working Apple Ranch offers versatility for various uses, including a family compound, private school, wedding venue, or corporate retreat. It is located minutes from the coast and a short drive to Silicon Valley.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Auto Repair Shop Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    California
    Longitude
    -121.7509636
    Latitude
    37.0077908

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    FAQs

    What type of property is this?
    Ranch - 33-acre farm/ranch with remodeled craftsman, suitable for various uses.
    Where is this ranch located?
    The property is located at 601 Old Hazel Dell Road Watsonville, CA.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: 33 acres of usable land in the desirable Pajaro Valley/Corralitos area.; Multiple structures including a remodeled 1912 Craftsman, theater/studio, and converted barn with primary suite and studio.; Versatile property suitable for a family compound, private school, wedding venue, or corporate retreat.
    (408) 641-4659
    We can help!
    Listing Contact
    Tim Yee
    Tim Yee
    Real Estate License ID: 00863521
    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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