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Property profile & analytics
OFF-MARKET
Land

0 Monterey County Spence, CA 93908

40,000 SF 5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5-acre industrial property in Salinas, Monterey County, California (zip code 93908) presents a unique investment opportunity. The property boasts a total of 40,000 square feet of vacant industrial space spread across three existing buildings, making it ideal for a variety of manufacturing or agricultural uses. The site is perfectly situated within California's thriving agricultural hub, offering easy access to transportation networks and a skilled workforce. The property features robust power infrastructure, with 4,000 amps available to support high-demand operations, ensuring ample capacity for energy-intensive processes. The single-tenant occupancy allows for complete control and customization of the space to meet specific operational needs. This turnkey facility is ready for immediate occupancy, eliminating the need for extensive renovations or construction. Its location in Monterey County provides access to a rich agricultural landscape and established supply chains, making it an attractive location for businesses in the food processing, cold storage, or third-party logistics (3PL) sectors, as well as hemp or cannabis cultivation and processing. The property's substantial size and versatile layout offer significant potential for expansion and growth. This is a rare opportunity to acquire a well-equipped, strategically located industrial property in one of California's most productive agricultural regions.

Property profile
Verified
Property type Land
Total area 40,000 SF
Lot 5 ac (217,800 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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