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    77 Sherwood Dr Salinas, CA 93901

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    For Sale
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    Rare 13.45 acre mixed-use development opportunity in Salinas, CA.

    Lot size:
    13.45 Acres

    Property Features for 77 Sherwood Dr

    General Information

    Lot size
    13.45 Acres

    Source: Cushman & Wakefield | Salinas Agent Greg Findley

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

    Overview

    13.45 Acres Mixed-Use Development Opportunity

    This offering presents a rare mixed-use development opportunity encompassing four contiguous vacant parcels totaling 13.45 acres. The site benefits from excellent visibility from multiple directions, including Highway 101. Located in Salinas, California, the property is situated in a highly desirable location and is the largest in-fill mixed-use site in the area. A current Phase I Environmental Report is available. The property is located in a Qualified Opportunity Zone. The Salinas residential market demonstrates strength, characterized by low vacancy rates and rising rental rates. State mandates require Monterey County to develop 7,300 units by 2023.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.65007
    Latitude
    36.682674

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    FAQs

    What type of property is this?
    Land - Rare 13.45 acre mixed-use development opportunity in Salinas, CA.
    Where is this land located?
    The property is located at 77 Sherwood Dr Salinas, CA.
    What are key features of this property?
    This property features: - Largest in-fill mixed use site in Salinas; - Rare Mixed-Use Development Opportunity in highly desirable location; - Four contiguous vacant parcels totaling 13.45 acres
    (831) 449-8000
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    77 Sherwood Dr Salinas, CA 93901
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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
    77 Sherwood Dr Salinas, CA 93901
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