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    11080 Commercial Pkwy Castroville, CA 95012

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    For Sale
    $4,200,000

    Two adjacent light industrial properties totaling approximately 2.27 acres.

    Type:Commercial
    Property size:
    6,585 SF
    Lot size:
    2.27 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 9 at 7:22 am

    Property Features for 11080 Commercial Pkwy

    General Information

    Standard status
    Active
    Size
    6,585 SF
    Lot size
    2.27 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Charles Allen

    Listing agent Charles Allen License #00357826

    Listing office KW Thrive Santa Cruz

    Listing date Apr 9, 2026

    Source Elliman

    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 KW Thrive Santa Cruz

    Overview

    Castroville Industrial Properties for Sale

    Two adjacent light industrial properties, totaling approximately 2.27 acres, are available in the Castroville Industrial Park. Located at 11000 and 11080 Commercial Parkway, the combined offering includes an approximately 6,585 square foot industrial building on one parcel and an additional approximately 1.02-acre parcel with a warehouse. The administrative building features a reception area, restrooms, and a conference room. The properties benefit from their location near Highway 156 and Highway 1, providing access to Monterey, Salinas, and Santa Cruz markets. This location is somewhat bikeable with a score of 38, and car-dependent with a walk score of 28. The properties offer flexibility for expansion, storage, or redevelopment. This is suited for owner-users looking to scale operations or investors seeking value-add potential in a tightly held industrial submarket. The properties offer a versatile industrial footprint on California's Central Coast.
    Location Intelligence

    Current Use by Public Records

    Santa Clara Transfer ... Trucking Company

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Building Supply Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon Hotel & Motel Auto Parts Store

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

    Similar Places Nearby

    • Western Precooling — 11296 Blackie Rd, Castroville, CA 95012
    • S & S Record Retention Center — 11145 Commercial Pkwy, Castroville, CA 95012
    • Cardinale Moving & Storage — 11360 Commercial Pkwy, Castroville, CA 95012
    • Central Cold Storage — 13526 Blackie Rd, Castroville, CA 95012
    • Bekins Central Coast Movers — 11345 Commercial Pkwy suite b, Castroville, CA 95012

    Location Insight

    • Map
    • Local Demand
    City
    Castroville
    County
    Monterey
    State
    California
    Longitude
    -121.7410979
    Latitude
    36.756825

    Nearby Similar for Sale

    • $400,000

      Residential Lot with Approved Plans

      Castroville residential lot with approved plans for 2,035 sqft home.
      10361 McDougall ST, Castroville, CA 95012
      View Details
    • $4,200,000

      Castroville Industrial Property For Sale

      Strategically located industrial property in Castroville, California.
      11080 Commercial Parkway, Castroville, CA 95012
      View Details
    • $10,750,000
      87,416 SF

      Castroville Manufacturing and Warehouse Facility

      87,416 SF manufacturing, warehouse, and office space for sale.
      13525 Blackie Rd, Castroville, CA
      View Details

    FAQs

    What type of property is this?
    Warehouse - Two adjacent light industrial properties totaling approximately 2.27 acres.
    Where is this warehouse located?
    The property is located at 11080 Commercial Pkwy Castroville, CA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: Two adjacent light industrial properties totaling approximately 2.27 acres.; Includes a ±6,585 SF industrial building and an additional ±1.02‑acre parcel with warehouse.; Strategic location near Highway 156 and Highway 1, providing convenient access to Monterey, Salinas, and Santa Cruz.
    (831) 818-1069
    We can help!
    Listing Contact
    Charles Allen
    Real Estate License ID: 00357826
    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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