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    Arroyo Grande Commercial Nursery Operation Title is generated by Realmo AI

    808 Albert, Arroyo Grande, CA 93420

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    For Sale
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    Approximately 60 acres with extensive greenhouse and support structures.

    Type:Land
    Property size:
    747,866 SF
    Lot size:
    60.00 Acres
    Price / SF:
    $5/SF
    Added:
    Apr 6, 2025
    Days on Market:
    413
    Last Refresh:
    Mar 16 at 3:41 pm

    Property Features for 808 Albert

    General Information

    Standard status
    Active
    Size
    747,866 SF
    Lot size
    60.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Patricia Ponce

    Listing agent Patricia Ponce License #01052453

    Listing office Pacific Properties

    Listing date Apr 6, 2025

    Source Crexi

    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 Pacific Properties

    HighLights

    • 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.
    • Opportunity to continue as a flower business or transition to berry production.
    • Includes a 2,550 square foot remodeled office and a 960 square foot detached 3‑car garage with restroom.
    • Located in Arroyo Grande with a favorable microclimate.

    Overview

    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.
    Property Profile 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 — 820 Via Concha Rd, Nipomo, CA 93444
    • Succulentica — 765 country wood ln, arroyo grande, ca 93420
    • My Sustainable Garden — 765 country wood ln, arroyo grande, ca 93420
    • Mesa Grande Nursery — 809 Guadalupe Rd, Arroyo Grande, CA 93420

    Location Insight

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

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    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 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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Patricia Ponce
    Real Estate License ID: 01052453
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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.

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