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    16475 Blackie Rd Salinas, CA 93907

    Sponsored
    For Sale
    $9,450,000

    Organic Farmland, Development Potential, High-Yield Wells

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 262-acre property in unincorporated North Salinas Valley presents a unique investment opportunity. Currently utilized as highly productive organic farmland, the ranch boasts two deep wells, each producing approximately 1,200 gallons per minute, with high-pressure underground distribution lines and concrete sanitary seals. The land is ideally suited for continued agricultural use, currently leased to a Driscoll's grower for the cultivation of strawberries, blackberries, raspberries, and other irrigated row crops. The lease extends to October 2025, with a renewal option exercisable by May 2025. Excellent road infrastructure ensures easy access for harvesting, with convenient connections to Highway 101, Highway 183, and Highway 1. A significant advantage lies in the development potential of Parcel 1 (the eastern parcel), zoned Low Density Residential (2.5 acres per unit) within a Design Control District. This parcel offers several potential building sites with appealing meadow landscapes and views of Fremont Peak. The entire property has recently undergone a survey, the results of which are on file with Monterey County. All necessary permits and conditions with the County and State have been diligently maintained by the sellers. A 1031 exchange is acceptable to the seller. The property is not currently enrolled in the Williamson Act. This property offers a rare blend of established agricultural income and promising future development prospects.

    Property Features for 16475 Blackie Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    11,412,720 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.6838
    Latitude
    36.78349

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    FAQs

    What type of property is this?
    Commercial real estate - Organic Farmland, Development Potential, High-Yield Wells
    Where is this commercial real estate located?
    The property is located at 16475 Blackie Rd Salinas, CA.
    What is the asking price?
    The asking price for this property is $9,450,000.
    (831) 624-1566
    Request Owner's contact information
    16475 Blackie Rd Salinas, CA 93907
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    Salinas, CA 93907
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    Realmo Value Estimation

    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.

    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.

    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
    16475 Blackie Rd Salinas, CA 93907
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