Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Agricultural Ranch Acreage with Well Title is generated by Realmo AI

    367 San Benancio, Salinas, CA 93908

    View on Map
    Claim this Listing
    For Sale
    $3,950,000

    Ranch acreage offering deep-water well, fenced grounds, and multiple building options for private residence or recreational use.

    Type:Land
    Lot size:
    367.00 Acres
    Added:
    Oct 4, 2025
    Days on Market:
    245
    Last Refresh:
    Jun 5 at 2:03 am

    Property Features for 367 San Benancio

    General Information

    Standard status
    Active
    Lot size
    367.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Joe Piini

    Listing office Piini Realty

    Listing date Oct 4, 2025

    Source Sevengables

    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 Piini Realty

    HighLights

    • Over 367 acres of private ranch land below Mount Toro, off the Highway 68 corridor
    • Improved with one deep‑water well producing to a series of water tanks above the main bench
    • Two electrical service meters ready for connection
    • Premium welded pipe fence runs throughout the property, with entrance gates at the private road and to a secondary home‑site area
    • Grass hillsides, gently sloping terraces, and rolling ridgelines with panoramic views from Mount Toro to the Monterey Bay
    • Dense vegetation along the eastern side provides habitat for wildlife

    Overview

    San Benancio Ranch is a distinctive acreage holding located below Mount Toro, featuring multiple building options and recreational opportunities for hunting and exploring. The property is improved with one deep water well, with production pumping into a series of water tanks above the main bench, supporting on-site water storage. Two electrical service meters are also present and ready for connection. A premium welded pipe fence runs throughout the ranch, with gated entry from a private road, plus an additional entrance into a secondary potential home site.

    The terrain consists of grass hillsides, gently sloping terraces, and rolling ridgelines, creating wide-ranging views extending from Mount Toro toward the Monterey Bay. Denser vegetation along the eastern side provides habitat for wildlife. The ranch sits off the Highway 68 corridor, giving it access to the broader region while maintaining a private setting.

    For buyers seeking a self-contained ranch environment, the combination of fenced perimeter, on-site water infrastructure, and existing electrical meters can support a range of private uses. The fenced layout and designated secondary home site are practical considerations for anyone planning a residence with space for recreation and land-based activities.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.6621601
    Latitude
    36.5587559

    Nearby Similar for Sale

    • $3,100,000

      Boutique Motel With Owner Quarters

      Well-maintained two-story 25-unit motel with owner living quarters and recent building upgrades in Salinas.
      6 S Wood ST, SALINAS, CA 93905
      View Details
    • $499,000
      1,713 SF

      Duplex with Separate 1-Bed Unit

      Duplex in Salinas featuring a 3-bedroom main home and a separate 1-bedroom unit with ample off-street parking.
      1119 C ST, SALINAS, CA 93905
      View Details
    • $2,995,000
      2,075 SF

      Equestrian Facility with Main Home

      Turnkey equestrian property on usable agricultural acreage, delivered vacant with 45-stall capacity and on-site residences.
      844 River RD, SALINAS, CA 93908
      View Details
    • $950,000
      2,050 SF

      Four-Unit Cottage-Style Quadplex

      Four detached cottages with recent updates and independent privacy; potential for a fifth unit pending city approval.
      119 Carr AVE, SALINAS, CA 93905
      View Details
    • $649,000

      7-Acre Lot in Country Meadows

      7-acre lot with city water, no HOA, horse-permitted.
      10706 Country Meadows RD, SALINAS, CA 93907
      View Details
    • $1,800,000

      Vacant Agricultural Land Tract

      Large vacant tract with rolling terrain and broad views, well suited for recreational use or future planning.
      San Benancio RD, SALINAS, CA 93908
      View Details
    • $495,000

      Wooded Parcel with Building Pad

      5-acre wooded parcel with a sunny private building pad, strong-producing well, and space for horses or small livestock.
      58 Desmond RD, SALINAS, CA 93907
      View Details
    • $415,000

      Fenced Land Parcel with Gated Entrance

      Securely fenced parcel with a private gated entrance and MDR/4AUR zoning supporting a proposed four-lot subdivision plan.
      0 Boronda RD, SALINAS, CA 93907
      View Details
    • $3,799,000
      19,008 SF

      Salinas Retail/Office Investment Opportunity

      Strip retail and office investment opportunity in Salinas, California.
      1285 - 1287 N Main St, Salinas, CA 93906
      View Details
    • $1,195,000
      3,770 SF

      Downtown Salinas Office Building

      Two-unit office building in downtown Salinas with investment potential.
      109 E Alisal St, Salinas, CA 93901
      View Details
    • $1,150,000
      8,712 SF

      Downtown Salinas Retail Storefront Building

      Prime commercial building with long-term tenants in downtown Salinas.
      350 Main St, Salinas, CA 93901
      View Details
    • $3,690,000
      12,120 SF

      Salinas Townhouse-Style Apartment Building

      Twelve townhouse-style units near retail and Highway 101.
      109 San Juan Grade Rd, Salinas, CA 93906
      View Details

    FAQs

    What type of property is this?
    Ranch - Ranch acreage offering deep-water well, fenced grounds, and multiple building options for private residence or recreational use.
    Where is this ranch located?
    The property is located at 367 San Benancio Salinas, CA.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Over 367 acres of private ranch land below Mount Toro, off the Highway 68 corridor; Improved with one deep‑water well producing to a series of water tanks above the main bench; Two electrical service meters ready for connection
    We can help!
    Listing Contact
    Joe Piini
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    367 San Benancio, Salinas, CA 93908
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!