Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Santa Maria Land with Rail Title is generated by Realmo AI

    802 Hanson Way, Santa Maria, CA 93458

    View on Map
    Claim this Listing
    For Sale
    $3,414,652

    8.73 acre M2-PD zoned land with rail access.

    Type:Lot/Land
    Lot size:
    8.73 Acres
    Added:
    Jun 3, 2025
    Days on Market:
    363
    Last Refresh:
    Mar 13 at 1:32 pm

    Property Features for 802 Hanson Way

    General Information

    Standard status
    Active
    Lot size
    8.73 Acres
    Property subtype
    Lot/Land

    We can help!

    Listing Contact
    Steve Davis
    Steve Davis

    Listing agent Steve Davis License #01843738

    Listing office McCarty Davis, Inc.

    Listing date Jun 3, 2025

    Source Compass

    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 McCarty Davis, Inc.

    HighLights

    • +/- 8.73 acre parcel, a great land parcel
    • M2‑PD zoning
    • Rail access available
    • Located in Santa Maria
    • 802 Hanson Way address

    Overview

    Located in Santa Maria, the property at 802 Hanson Way is an approximately 8.73 acre parcel of land. The zoning is M2-PD, and the property benefits from rail access.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Maria
    County
    Santa Barbara
    State
    California
    Longitude
    -120.458356
    Latitude
    34.943666

    Nearby Similar for Sale

    • $695,000
      1,402 SF

      Unique Santa Maria Office Opportunity

      Converted office with character, suitable for various professional services.
      117 E Fesler Street, Santa Maria, CA 93454
      View Details
    • $848,000
      2,340 SF

      Santa Maria Professional Office Building

      Professional office building in Santa Maria with flexible layout.
      504 E Church, Santa Maria, CA 93454
      View Details
    • $559,000

      Prime Development Opportunity in Santa Maria

      High-visibility corner lot ideal for commercial or mixed-use development.
      0 Main Street, Santa Maria, CA 93454
      View Details
    • $1,150,000
      1,660 SF

      Income-Producing Commercial/Manufacturing Property

      Income property with shop, yard, and potential additional unit.
      285 Dal Porto Lane, Santa Maria, CA 93458
      View Details
    • $848,000
      3,342 SF

      Santa Maria Medical/Dental Office Building

      Turnkey medical/dental office building in Santa Maria, California.
      504 E Church, Santa Maria, CA 93454
      View Details
    • $1,725,000
      8,295 SF

      Versatile Commercial Property with Yard

      8,295 SF commercial property with flexible layout and yard.
      2325 A St, Santa Maria, CA 93455
      View Details
    • $1,148,888
      2,421 SF

      Remodeled Triplex in Orcutt

      Rare opportunity: remodeled home plus two new units for income.
      1172 E Rice Ranch Road, Santa Maria, CA 93455
      View Details
    • $399,950

      Residential Lot in Santa Maria

      Residential lot with approved plans for main home and ADU.
      1021 Sunrise Drive, Santa Maria, CA 93455
      View Details
    • $400,000

      Medical Office Suite For Sale

      Efficient medical office suite with convenient patient access.
      821 E Chapel St 102, Santa Maria, CA 93454
      View Details
    • $579,999

      Sloped Land Parcel with Well

      East-facing 120-acre sloped property with permitted well near Tepusquet Road.
      777 Tepusquet Road, Santa Maria, CA 93454
      View Details
    • $300,000

      Santa Maria Valley Vacant Land

      Vacant land in a desirable Santa Maria neighborhood.
      827 Firefox Drive, Santa Maria, CA 93455
      View Details
    • $2,500,000
      5,000 SF

      Santa Maria Retail Investment Opportunity

      High-visibility retail building on a large corner lot.
      112 South Broadway, Santa Maria, CA 93454
      View Details

    FAQs

    What type of property is this?
    Industrial land - 8.73 acre M2-PD zoned land with rail access.
    Where is this industrial land located?
    The property is located at 802 Hanson Way Santa Maria, CA.
    What is the asking price?
    The asking price for this property is $3,414,652.
    What are key features of this property?
    This property features: +/- 8.73 acre parcel, a great land parcel; M2‑PD zoning; Rail access available
    (805) 704-5727
    We can help!
    Listing Contact
    Steve Davis
    Steve Davis
    Real Estate License ID: 01843738
    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
    802 Hanson Way, Santa Maria, CA 93458
    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!