Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Paso Robles Legacy Land Title is generated by Realmo AI

    5161 Vineyard Dr, Paso Robles, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    216+/- acres of pristine land on Vineyard Drive.

    Type:LAND
    Lot size:
    216.00 Acres
    Added:
    Jun 5, 2025
    Days on Market:
    353
    Last Refresh:
    Apr 5 at 10:29 pm

    Property Features for 5161 Vineyard Dr

    General Information

    Standard status
    Active
    Lot size
    216.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Michelle Smith

    Listing agent Michelle Smith

    Listing office eXp Realty

    Listing date Jun 5, 2025

    Source Moodyscre

    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 eXp Realty

    HighLights

    • 216+/- acres of pristine, usable land
    • Located on the highly sought‑after west side of Paso Robles
    • Located along scenic Vineyard Drive
    • Exceptional legacy property
    • Rare opportunity
    • In the heart of Paso Robles

    Overview

    This is a rare opportunity to own one of Paso Robles' most exceptional legacy properties, featuring 216+/- acres of pristine, usable land. The property is located in the heart of the highly sought-after west side along scenic Vineyard Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Big Box & Wholesale Store Hotel & Motel Food Market Catering Service Bed & Breakfast Farmer's Market Fish Market Restaurant Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.789
    Latitude
    35.5634

    Nearby Similar for Sale

    • $5,000,000
      10,780 SF

      Downtown Paso Robles Development Opportunity

      Prime mixed-use property near downtown park with approved development plans.
      800 11th. Street, Paso Robles, CA 93446
      View Details
    • $1,979,000
      4,123 SF

      Turnkey Restaurant and Bar Opportunity

      High-performing restaurant and bar with real estate and liquor license.
      2927 Spring Street, Paso Robles, CA 93446
      View Details
    • $506,000
      1,078 SF

      Downtown Paso Robles Office Suite

      Move-in ready office suite in a desirable Paso Robles location.
      1104 Vine, Paso Robles, CA 93446
      View Details
    • $890,000
      1,534 SF

      Paso Robles Corner Lot

      14,000 sq. ft. corner lot with mixed-use potential.
      2103 Riverside, Paso Robles, CA 93446
      View Details
    • $750,000
      1,290 SF

      Charming Paso Robles Commercial Gem

      Classic craftsman-style property with commercial and residential potential.
      1545 Park Street, Paso Robles, CA 93446
      View Details
    • $675,000

      Stunning Paso Robles Acreage

      126-acre property with rolling terrain and scenic charm.
      0 Cypress Mountain Drive, Paso Robles, CA 93465
      View Details
    • $849,000
      2,100 SF

      Charming Duplex in Paso Robles

      Westside investment property near downtown Paso Robles.
      309 15th Street & 311, Paso Robles, CA 93446
      View Details
    • $7,995,000

      Paso Robles Vineyard Opportunity

      655 acre Paso Robles vineyard with planting potential.
      0 Adelaida Road, Paso Robles, CA 93446
      View Details
    • $215,000

      Paso Robles Westside Land Opportunity

      Build your dream home on this Paso Robles parcel.
      153 Pacific Avenue, Paso Robles, CA 93446
      View Details
    • $4,999,999
      1,500 SF

      Paso Robles Vineyard Estate

      47-acre vineyard estate with tasting room in Paso Robles.
      3000 Oakdale Rd., Paso Robles, CA 93446
      View Details
    • $4,999,999

      Paso Robles Vineyard Estate

      47-acre vineyard estate in Paso Robles' Willow Creek District.
      3000 Oakdale Rd., Paso Robles, CA 93446
      View Details
    • $1,979,000
      4,123 SF

      Turnkey Paso Robles Restaurant Opportunity

      High-performing restaurant and bar with real estate and liquor license.
      2927 Spring St, El Paso de Robles (Paso Robles), CA 93446
      View Details

    FAQs

    What type of property is this?
    Land - 216+/- acres of pristine land on Vineyard Drive.
    Where is this land located?
    The property is located at 5161 Vineyard Dr Paso Robles, CA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 216+/- acres of pristine, usable land; Located on the highly sought‑after west side of Paso Robles; Located along scenic Vineyard Drive
    (805) 423-2151 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michelle Smith
    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
    5161 Vineyard Dr, Paso Robles, CA
    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!