Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Castroville Rd Salinas, CA 93907

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,312,344

    20% partnership in a cultivated farm with existing lease.

    Lot size:
    66.28 Acres

    Property Features for Castroville Rd

    General Information

    Lot size
    66.28 Acres

    We can help!

    Listing Contact
    Celeste Faraola Perie
    Source: Elliman

    Listing Agent: Celeste Faraola Perie

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

    Learn more

    Overview

    Cultivated Farm Investment Opportunity

    Martella Home Farm presents a 20% partnership investment opportunity. The farm encompasses 66.28 total cultivated acres, including the family home situated across four separate parcel numbers. The offering is for 20% ownership of the farm, which is currently leased to a local farmer under a long-term agreement. Income from the farm is distributed twice yearly.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.694233
    Latitude
    36.693528

    Nearby Similar for Sale

    • $5,799,000
      12,000 SF

      Mixed-Use Investment Opportunity in Prunedale

      Unique mixed-use property with income and development potential in Prunedale.
      17653 Vierra Canyon Rd, Salinas, CA 93907
      View Details
    • $3,200,000
      8,286 SF

      Boutique Motel in Salinas, CA

      Well-maintained 25-unit motel with owner's quarters and recent upgrades.
      6 S Wood St, Salinas, CA 93905
      View Details
    • $755,000
      3,080 SF

      Spacious Building in South Salinas

      Centrally located building suitable for religious assembly or redevelopment.
      326 Park St, Salinas, CA 93901
      View Details
    • $1,750,000
      4,815 SF

      South Salinas Multifamily Investment Opportunity

      Multifamily property in established Salinas neighborhood, close to amenities.
      326 Central Ave, Salinas, CA 93901
      View Details
    • $1,312,344
      66.28 Acres

      66.28 Acres Farmland Investment Opportunity

      Farmland investment opportunity with cultivated acres in Salinas, California.
      1202 Castroville Rd, Salinas, CA 93907
      View Details
    • $475,000
      1,706 SF

      Established Dental Office with Technology

      Equipped dental office for sale in Salinas, CA.
      000 North Salinas St, Salinas, CA 93906
      View Details
    • $975,000

      Versatile Property with Commercial Potential

      LC zoned property with residential units and commercial potential.
      20-22 Hitchcock Rd, Salinas, CA 93908
      View Details
    • $1,695,000
      3,120 SF

      Salinas Office Building For Sale

      3,120 SF office building suitable for medical or mixed-use.
      1850 N Main St, Salinas, CA 93906
      View Details
    • $5,295,000
      21,738 SF

      Salinas Light Industrial Condominiums

      Light industrial condominiums with auto repair and detail uses.
      312 Abbott St, Salinas, CA 93901
      View Details
    • $1,099,000

      Five Units on Oak Acres

      Five residential units on 3.75 acres, income producing.
      17229 Mcguffie Rd, Salinas, CA 93907
      View Details
    • $18,676,250
      102,153 SF

      Retail and Office Investment Opportunity

      Retail/office property with national, regional, and local tenants.
      7925 San Miguel Canyon Rd, Salinas, CA 93907
      View Details
    • $1,750,000

      South Salinas Multifamily Investment Opportunity

      Multifamily property in established Salinas neighborhood, close to amenities.
      Central Ave, Salinas, CA 93901
      View Details

    FAQs

    What type of property is this?
    Farm - 20% partnership in a cultivated farm with existing lease.
    Where is this farm located?
    The property is located at Castroville Rd Salinas, CA.
    What is the asking price?
    The asking price for this property is $1,312,344.
    What are key features of this property?
    This property features: - 20% partnership investment opportunity available.; - 66.28 total cultivated acres, longtime leased by local farmer.; - Income dispersed twice yearly.
    (831) 239-4646
    Request Owner's contact information
    Castroville Rd Salinas, CA 93907
    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.
    Castroville Rd
    Salinas, CA 93907
    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
    Castroville Rd Salinas, CA 93907
    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

    We can help!
    Listing Contact
    Celeste Faraola Perie
    Real Estate License ID: 01077450
    (831) 239-4646
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.