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    Expansive Lockwood Valley Land Parcel Title is generated by Realmo AI

    67034 Paulsen, Lockwood, CA 93932

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    322 acres of versatile land near recreation and amenities.

    Type:Land
    Lot size:
    322.00 Acres
    Added:
    Jan 17, 2026
    Days on Market:
    116
    Last Refresh:
    Mar 19 at 9:33 pm

    Property Features for 67034 Paulsen

    General Information

    Standard status
    Active
    Lot size
    322.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Tim Ellis

    Listing agent Tim Ellis License #CA 01152831

    Listing office Oak Shores Realty

    Listing date Jan 17, 2026

    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 Oak Shores Realty

    HighLights

    • 322 acres of land ideal for building a dream home, ranch, or private escape.
    • Borders William Hill, granting access to over 2,200 acres of BLM land.
    • Year‑round access via well‑established roads.
    • Secluded valley setting with scenic knolls, breathtaking sunsets.
    • Close to Lake San Antonio, Lake Nacimiento, and Paso Robles.
    • Deeded right‑of‑way access ensures secured entry.

    Overview

    This expansive 322-acre property is situated along the edge of Lockwood Valley, an area known for its sunsets and night skies. The property offers the option to build a home in a secluded valley or on a knoll with views of the landscape. Roads provide year-round access throughout the property. Open meadows attract wildlife. The land borders William Hill and includes access to over 2,200 acres of BLM land, suitable for hiking and outdoor activities. This property is suited for a homestead, ranch, or private retreat. Access is secured by a deeded right-of-way. The location is near Lake San Antonio (10 miles), Lake Nacimiento (35 minutes), and Paso Robles (45 minutes), with its wineries, restaurants and amenities. Airports in Paso Robles and San Luis Obispo are also nearby.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Lockwood
    County
    Monterey
    State
    California
    Longitude
    -121.11
    Latitude
    36.0392

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    FAQs

    What type of property is this?
    Land - 322 acres of versatile land near recreation and amenities.
    Where is this land located?
    The property is located at 67034 Paulsen Lockwood, CA.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: 322 acres of land ideal for building a dream home, ranch, or private escape.; Borders William Hill, granting access to over 2,200 acres of BLM land.; Year‑round access via well‑established roads.
    (951) 392-9179 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tim Ellis
    Real Estate License ID: CA 01152831
    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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