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    3851 Las Pilitas Rd Santa Margarita, CA 93453

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    For Sale
    Contact for pricing

    552-acre California ranch, stunning home

    Property Features for 3851 Las Pilitas Rd

    General Information

    Property type
    Farms
    Lot Size
    24,070,385 SF

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    Listing Contact
    Nita Vail

    Listing Agency: California Outdoor Properties Listing Agent: Nita Vail

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Discover Oak Brook Ranch, a remarkable 552.58-acre property nestled 10 miles outside Santa Margarita, CA. This expansive ranch, located near San Luis Obispo and Paso Robles wine country, offers a blend of seclusion and accessibility, less than an hour from Central Coast beaches. The centerpiece is a charming 1980s stucco Spanish-style home with a tile roof, boasting five bedrooms and three bathrooms. A double-wide manufactured home provides additional living space. Enjoy resort-style amenities including a swimming pool, spa, and tennis/basketball court. A large solar array supplements the property's power needs. The property also includes a barn with a saddle room, two horse stalls, two corrals, and a shop with ample space for equipment. Outdoor enthusiasts will appreciate miles of 4-wheel-drive roads, breathtaking vistas, and opportunities for horseback riding, hiking, and hunting deer, upland game, and pigs. Water resources include a well producing 10-12 gallons per minute, feeding two 5,000-gallon tanks with room for expansion. An automatic gate with keypad access ensures privacy and security. Income potential exists through seasonal cattle grazing for 50-60 stockers, utilizing multiple winter catchment reservoirs. This exceptional property offers a tranquil retreat, reflecting a legacy of family enjoyment and adventure in a beautiful natural setting. Asking price: $3,100,000. Located at 3851 Las Pilitas Rd, Santa Margarita, CA 93453.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Santa Margarita
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.4630742
    Latitude
    35.3644139

    Nearby Similar for Sale

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    • $2,190,000
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      Oak Brook Ranch Recreational Paradise

      552.58-acre recreational ranch with Spanish-style home near Santa Margarita.
      3851 Las Pilitas Rd, Santa Margarita, CA 93453
      View Details

    FAQs

    What type of property is this?
    Farm - 552-acre California ranch, stunning home
    Where is this farm located?
    The property is located at 3851 Las Pilitas Rd Santa Margarita, CA.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: 552.58-acre ranch, 10 miles outside Santa Margarita, CA; near San Luis Obispo & Paso Robles.; Five-bedroom, three-bath Spanish-style home with tile roof.; Double-wide manufactured caretaker's home.
    (707) 455-4444 Call to check price and availability
    Request Owner's contact information
    3851 Las Pilitas Rd Santa Margarita, CA 93453
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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.

    More about this property
    3851 Las Pilitas Rd Santa Margarita, CA 93453
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    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nita Vail
    Real Estate License ID: 02122263
    (707) 455-4444
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