Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    101 Airport Road King City, CA 93930

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Remodeled cannabis facility with manufacturing and distribution licenses.

    Type:Commercial/Industrial
    Property size:
    10,480 SF
    Lot size:
    1.09 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    11
    Last Refresh:
    Mar 20 at 8:13 pm

    Property Features for 101 Airport Road

    General Information

    Standard status
    Active
    Size
    10,480 SF
    Lot size
    1.09 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1962

    We can help!

    Listing Contact
    John Buttgereit

    Listing agent John Buttgereit License #00871247

    Listing office Buttgereit Pettitt & Davis Agency

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Buttgereit Pettitt & Davis Agency

    Overview

    Cannabis Manufacturing and Distribution Facility

    This 10,480 square foot property is zoned for most commercial and industrial uses, including the manufacture, repair, sale, or lease of automobiles and agricultural vehicles or equipment, as well as cannabis manufacturing and distribution. The property features a remodeled 4,800 square foot cannabis manufacturing facility equipped with C1D1 and C1D2 extractors. The remaining 5,680 square feet consists of un-remodeled warehouse space. The previous operator was fully permitted with cannabis manufacturing, distribution, and nursery licenses. The local city government is supportive of the cannabis industry. Located in the center of California, the property is suitable as a distribution hub. It also benefits from a reliable power source with a local community power agency, offering rates lower than PG&E.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    King City
    County
    Monterey
    State
    California
    Longitude
    -121.11928
    Latitude
    36.224523

    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
    • $20,900,000

      King City Farmland Opportunity

      743 acre farm with Class I & II soils.
      48453 Lonoak 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?
    Manufacturing property - Remodeled cannabis facility with manufacturing and distribution licenses.
    Where is this manufacturing property located?
    The property is located at 101 Airport Road King City, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Zoned for diverse commercial/industrial uses, including cannabis manufacturing and distribution.; Remodeled 4,800 sf Type 7 Volatile extraction facility with C1D1 and C1D2 extractors.; Previously fully permitted for cannabis manufacturing, distribution, and nursery licenses.
    (831) 385-4831
    We can help!
    Listing Contact
    John Buttgereit
    Real Estate License ID: 00871247
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!