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    Hayes Valley Gated Community Parcel Title is generated by Realmo AI

    1935 Hayes Lane, San Martin, CA 95046

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    Claim this Listing
    For Sale
    $2,487,000

    Land with premium Butler building in San Martin.

    Type:Lots/Land
    Property size:
    4,500 SF
    Price / SF:
    $552/SF
    Added:
    Apr 15, 2025
    Days on Market:
    412
    Last Refresh:
    May 28 at 4:01 pm

    Property Features for 1935 Hayes Lane

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Susan Jacobsen

    Listing agent Susan Jacobsen License #00572040

    Listing office Starritt Realtors

    Listing date Apr 15, 2025

    Source Exitrealty

    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 Starritt Realtors

    HighLights

    • Prime, private location in gated Hayes Valley community, San Martin.
    • 50x90 premium Butler building with insulated walls & ceiling and stucco exterior.
    • Multiple overhead doors, including four 10x18 doors and a 10x12 drive‑thru.
    • Utilities in place: septic system, water, electricity, telephone, and propane tank.
    • Ideal building site for a dream home with existing shop.
    • Williamson Act benefits: lower property taxes with agricultural use.

    Overview

    Located in a private, gated community in Hayes Valley, San Martin, this parcel includes a 50x90 premium Butler building. The property is equipped with a septic system, water, electricity, telephone, and a propane tank. A paved driveway leads to the Butler building and extends around one side. The building features 200 amp electricity, two electrical service panels, two main doors, and four overhead doors: one 10x18, one 10x10 on the south side, and a 12x12 plus 10x12 drive-through door. The building has insulated walls and ceiling, a stucco finish on the exterior, a Reznor propane ceiling heater, and a standing seam hip roof. The parcel is suitable for constructing a dream home and is ideal for someone desiring a shop in their yard, offering the opportunity to live, work, and play from home. A road maintenance agreement is in place. The property is in Williamson Bill, potentially offering lower property taxes with agricultural use.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Accounting Firm Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    San Martin
    County
    Santa Clara
    State
    California
    Longitude
    -121.6371885
    Latitude
    37.0829289

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    • $3,500,000

      CordeValle Vineyard Estates Land

      Rare 4.33 acre double lot in CordeValle Vineyard Estates.
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    • $1,388,000

      San Martin Usable Acreage Opportunity

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    FAQs

    What type of property is this?
    Land - Land with premium Butler building in San Martin.
    Where is this land located?
    The property is located at 1935 Hayes Lane San Martin, CA.
    What is the asking price?
    The asking price for this property is $2,487,000.
    What are key features of this property?
    This property features: Prime, private location in gated Hayes Valley community, San Martin.; 50x90 premium Butler building with insulated walls & ceiling and stucco exterior.; Multiple overhead doors, including four 10x18 doors and a 10x12 drive‑thru.
    (408) 842-8251
    We can help!
    Listing Contact
    Susan Jacobsen
    Real Estate License ID: 00572040
    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.

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