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    Flex Space with Roll-Up Workshop Title is generated by Realmo AI

    45100 Carmel Valley RD, Greenfield, CA 93927

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    Claim this Listing
    New
    For Sale
    $1,100,000

    MULTI_FAMILY - GREENFIELD, CA

    Property size:
    2,293 SF
    Lot size:
    4.58 Acres
    Price / SF:
    $479/SF
    Added:
    Jun 6, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 8 at 7:06 am

    Property Features for 45100 Carmel Valley RD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Parking
    2
    Parking features
    Garage - Attached
    Security features
    Security Lighting
    Standard status
    Active
    Size
    2,293 SF
    Lot size
    4.58 Acres

    Utilities

    Utilities
    Propane
    Heating system
    Central, Forced Air
    Cooling system
    Wall Unit(s)
    Water source
    Well

    Building Details

    Year built
    1999
    Flooring type
    Tile
    Roof type
    Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Eisrael Gomez
    Eisrael Gomez

    Listing agent Eisrael Gomez License #01362981

    Listing office eXp Realty of California Inc 2603 Camino Ramon Suite 200, San Ramon, CA

    Listing date Jun 6, 2026

    MLS# ML82050105 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Modern country home on 4.58 acres with 3 bedrooms and 2.5 bathrooms, plus 2,293 SF living space
    • Year built 1999 with central/forced air heat and wall unit cooling; propane utilities and well water source
    • New $20k heat pump system with mini‑split ACs, tile flooring, and a tile roof
    • Updated kitchen with new appliances, island, breakfast nook/coffee bar, and pantry
    • Oversized 2‑roll‑up door workshop with 2 bedrooms for guests or in‑laws (permits unknown)
    • Primary suite includes a sauna and clawfoot tub, and the property also features a creekside campground/firepit with high‑speed internet

    Overview

    This for-sale property offers a flexible live/work arrangement with a primary 3-bedroom, 2.5-bath home and an on-site office space. The residence is described as updated, with a new $20k heat pump system and mini-split ACs throughout. Interior highlights noted include soaring living room ceilings, acoustical tiles, a wood-burning fireplace, and an updated kitchen with new appliances, an island, and a breakfast nook with a coffee bar and pantry. The outdoor setup is described as secured with high fencing, and the property includes a private creekside campground area with a firepit, mountain/valley views, and high-speed internet.

    The second improvement is an oversized two-roll-up-door workshop described as suitable for contractors, with two additional bedrooms. The listing notes this area can function as an in-law or guest setup, and that the 2 bed, 1 bath guest unit within the shop has permit status unknown, with the buyer asked to verify measurements and statements.

    With its combination of residence, office space, and large roll-up door workshop, the property may fit buyers seeking a single-site solution for work, storage, and flexible personal use. The listing’s practical amenities, including climate systems and the creekside camping setup, support a range of contractor, guest, and event-style uses, subject to buyer verification of the workshop/guest-unit details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Greenfield
    County
    Monterey
    State
    California
    Longitude
    -121.445401
    Latitude
    36.269562

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    FAQs

    What type of property is this?
    Flex space - Versatile country property with a roll-up door workshop, office-ready layout, and creekside campground features.
    Where is this flex space located?
    The property is located at 45100 Carmel Valley RD Greenfield, CA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Modern country home on 4.58 acres with 3 bedrooms and 2.5 bathrooms, plus 2,293 SF living space; Year built 1999 with central/forced air heat and wall unit cooling; propane utilities and well water source; New $20k heat pump system with mini‑split ACs, tile flooring, and a tile roof
    (831) 809-8266
    We can help!
    Listing Contact
    Eisrael Gomez
    Eisrael Gomez
    Real Estate License ID: 01362981
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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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    45100 Carmel Valley RD, GREENFIELD, CA 93927
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