Add Listing
    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

    808 Albert Way Arroyo Grande, CA 93420

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,150,000

    Approximately 60 acres with extensive greenhouse and support structures.

    Lot size:
    59.60 Acres

    Property Features for 808 Albert Way

    General Information

    Standard status
    Active
    Zoning
    2025-03-27
    Lot size
    59.60 Acres

    We can help!

    Listing Contact
    Patricia Ponce
    Source: Crexi

    Listing Agency: Pacific Properties Listing Agent: Patricia Ponce

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

    Learn more

    Overview

    Arroyo Grande Commercial Nursery Operation

    This property, located in Arroyo Grande, encompasses approximately 60 acres and is currently operating as a commercial nursery specializing in the production, packing, and shipping of cut flowers. The improvements include approximately 717,676 square feet of greenhouse structures, featuring both Cravo and Quonset designs, along with 947,211 square feet of hoop houses. A 2,550-square-foot office, which is a remodeled manufactured home, is also present. The property also features a 20,020-square-foot building used for cooling, packing, and shipping, as well as a 6,660-square-foot boiler building. A detached 960-square-foot three-car garage with a restroom could be used as a guest house. The property is equipped with all necessary infrastructure and equipment. The property could continue to operate as a flower business or for berries.
    Location Intelligence

    Current Use by Public Records

    Nursery and garden centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Bar & Pub

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

    Similar Places Nearby

    Treelogy Nursery, Succulentica, My Sustainable Garden, Mesa Grande Nursery

    Location Insight

    • Map
    • Local Demand
    City
    Arroyo Grande
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.564996
    Latitude
    35.0421017

    Nearby Similar for Sale

    • $599,000
      1,751 SF

      Arroyo Grande Commercial Property

      Versatile commercial property suitable for medical or professional office use.
      1577 El Camino Real, Arroyo Grande, CA 93420
      View Details
    • $599,000

      Versatile Medical/Professional Office Space

      Adaptable space for medical or professional office uses.
      1577 El Camino Real, Arroyo Grande, CA 93420
      View Details
    • $6,500,000

      Versatile Mixed-Use Property

      Mixed-use property with office, retail, and residential spaces.
      200230 Station Way, Arroyo Grande, CA 93420
      View Details
    • $3,150,000

      Leased Warehouse Investment Opportunity

      12,000 sq ft warehouse on 1.86 acres for sale.
      2115 Willow Rd, Arroyo Grande, CA 93420
      View Details
    • $4,150,000

      Arroyo Grande Commercial Nursery Operation

      60-acre commercial nursery with extensive greenhouse and support structures.
      808 Albert Way, Arroyo Grande, CA 93420
      View Details
    • Contact for pricing
      16,320 SF

      Freestanding Retail Building in Arroyo Grande

      Former Rite Aid building in high-traffic area near US-101.
      1650 E Grand Ave, Arroyo Grande, CA 93420
      View Details
    • Contact for pricing
      3,518 SF

      Retail Space in Arroyo Grande

      Retail space in Arroyo Grande's premier commercial corridor.
      1375 E Grand Ave, Arroyo Grande, CA 93433
      View Details
    • Contact for pricing
      26,750 SF

      Leased Retail Spaces For Sale

      100% leased retail spaces available in Arroyo Grande, CA.
      1400-1488 E Grand Ave, Arroyo Grande, CA 93420
      View Details
    • Contact for pricing
      19,352 SF

      Mixed-Use Property in Arroyo Grande

      Two buildings with suites, apartments, and parking in Arroyo Grande.
      200-230 Station Way, Arroyo Grande, CA 93420
      View Details
    • Contact for pricing

      72-Acre Lemon Ranch Opportunity

      72-acre lemon ranch suitable for estate development.
      Rancho Rd, Arroyo Grande, CA
      View Details
    • Contact for pricing
      19,352 SF

      Versatile Mixed-Use Arroyo Grande Property

      Mixed-use property with office, retail, and residential spaces.
      200 Station Way, Arroyo Grande, CA 93420
      View Details

    FAQs

    What type of property is this?
    Nursery and garden center - Approximately 60 acres with extensive greenhouse and support structures.
    Where is this nursery and garden center located?
    The property is located at 808 Albert Way Arroyo Grande, CA.
    What is the asking price?
    The asking price for this property is $4,150,000.
    What are key features of this property?
    This property features: - Approximately 60 acres featuring existing commercial nursery infrastructure.; - **Extensive greenhouse structures totaling approximately 717,676 square feet (Cravo and Quonset) and 947,211 square feet of hoop houses.**; - **Large 20,020 square foot cooling/packing/shipping building.**
    (818) 612-3730
    Request Owner's contact information
    808 Albert Way Arroyo Grande, CA 93420
    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.
    808 Albert Way
    Arroyo Grande, CA 93420
    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
    808 Albert Way Arroyo Grande, CA 93420
    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
    Patricia Ponce
    Real Estate License ID: 01052453
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!