Shandon 10-Acre Investment
485 S Eighth, Shandon, CA 93461
10-acre Shandon property with agricultural building and apartment.
Type:Land
Property size:
3,000 SFLot size:
10.00 AcresPrice / SF:
$225/SF- Added:
- Sep 27, 2025
- Days on Market:
- 248
- Last Refresh:
- Mar 18 at 7:49 am
Property Features for 485 S Eighth
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 10.00 Acres
- Property subtype
- Land
Listing agent Robin Mitchell Hee License #01306491
Listing office BHGRE HAVEN PROPERTIES
Listing date Sep 27, 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 BHGRE HAVEN PROPERTIES
HighLights
- 10‑acre flat, rectangular, fully fenced parcel suitable for agriculture, storage, or residential use.
- 3,000 sq. ft. enclosed agricultural building with two roll‑up doors and a 700 sq. ft. apartment (kitchen, living room, bedroom, bathroom, bonus room, mudroom, washer/dryer hookups).
- Two wells: one producing approximately 14 GPM into a 5,000‑gallon storage tank with booster system, and a second well positioned to support potential subdivision.
- Walking distance to Shandon amenities (school, park, and market).
- Suitable for equipment storage, large or regular size vehicle storage, agricultural operations, or residential construction.
- Located a 24‑minute drive to downtown Paso Robles.
Overview
This 10-acre investment property is located in Shandon, within walking distance of the town and a 24-minute drive to downtown Paso Robles. The flat, rectangular parcel is fully fenced, offering flexibility for agricultural uses, storage, or future residential construction of a custom or modular home. A 3,000 sq. ft. enclosed agricultural building features two roll-up doors, suitable for large or regular size vehicle or RV storage. The building is serviced with electricity and includes a 700 sq. ft. apartment containing a kitchen, living room, bedroom, bathroom, bonus room, mudroom, and washer/dryer hookups, providing immediate livability or on-site manager housing. The property has two wells: one producing approximately 14 GPM into a 5,000-gallon storage tank with booster system, and a second well positioned to support potential subdivision. Shandon amenities, including a school, park, and market, are within walking distance. The property is suitable for equipment storage, large or regular size vehicle storage, agricultural operations, or residential construction.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.4k | $13.80 |
| − Vacancy | −$1.4k | −$0.46 |
| EGI | $40.0k | $13.34 |
| − OpEx | −$6.0k | −$2.00 |
| NOI | $34.0k | $11.34 |
3,000 SF · lease $13.80/SF/yr · vacancy 3.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$486.1K
$425.4K – $567.2K
NOI $34,029 @ 7.0% cap · market cap 5.04%
Second Best
Industrial
$435.1K
$380.8K – $507.7K
NOI $30,460 @ 7.0% cap · market cap 4.51%
Theoretical Best
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,590 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Agricultural land / Farmland
Location Insight
- Map
- Local Demand
- City
- Shandon
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.3679829
- Latitude
- 35.6497467
Nearby Similar for Sale
FAQs
What type of property is this?
Agricultural land / Farmland - 10-acre Shandon property with agricultural building and apartment.
Where is this agricultural land / farmland located?
The property is located at 485 S Eighth Shandon, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 10‑acre flat, rectangular, fully fenced parcel suitable for agriculture, storage, or residential use.; **3,000 sq. ft. enclosed agricultural building with two roll‑up doors and a 700 sq. ft. apartment** (kitchen, living room, bedroom, bathroom, bonus room, mudroom, washer/dryer hookups).; **Two wells:** one producing approximately 14 GPM into a 5,000‑gallon storage tank with booster system, and a second well positioned to support potential subdivision.
