Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2nd Entry Off Of Turlock San Martin, CA 95046
    Back to Search
    Property profile & analytics

    2nd Entry Off Of Turlock San Martin, CA 95046

    View on Map
    • Land
    • 129.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2nd Entry Off Of Turlock

    Lot size
    129.00 lot acres
    Property type
    Land

    Description

    This exceptional 129-acre property presents a rare opportunity in San Martin, California. Located at the end of Fitzgerald Avenue, with a secondary access off Turlock Road, this expansive land boasts a prime building site with approved grading for a 4,358 square-foot estate. Alternatively, a secondary building location on a knoll is also available. The property is uniquely situated bordering the prestigious Cordevalle Vineyard and Country Club, offering convenient access to its amenities via a short golf cart ride. A newly installed well, tested at 20 gallons per minute (GPM) with an estimated yield of 40 GPM, ensures ample water resources. Beyond residential development, the land's potential extends to viticulture, mirroring the adjacent vineyard. The property is zoned AW and features a gated entrance for enhanced privacy. Conveniently located near shopping and other amenities, it's also within easy reach of major transportation routes, including Highway 101, and is approximately 15 miles from Highway 85, 32 miles from San Jose Mineta International Airport, and 36 miles from Apple headquarters in Cupertino. The property's APN is 779-21-003. The asking price is $2,125,000, and the sale is structured to accommodate a 1031 exchange. A complete disclosure package is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Martin
    County
    Santa Clara
    State
    California
    Longitude
    -121.613
    Latitude
    37.0606

    Comparable in this City

    • Value Estimation by Request

      1020 San Martin Ave

      Farms
      1020 San Martin Ave, San Martin, CA 95046
      View Details
    • Value Estimation by Request
      23.17 Acres

      13775 Monterey Way

      Land • 23.17 Acres
      13775 Monterey Way, San Martin, CA 95046
      View Details
    • Value Estimation
      $1,490,000
      8,628 SF

      13010 Harding Ave

      APARTMENT HOUSE (5+ UNITS) • 8,628 SF
      13010 Harding Ave, San Martin, CA 95046
      View Details
    • Value Estimation
      $1,820,000
      11,289 SF

      13555 Monterey Hwy

      APARTMENT HOUSE (5+ UNITS) • 11,289 SF
      13555 Monterey Hwy, San Martin, CA 95046-9596
      View Details
    • Value Estimation
      $2,480,000
      15,617 SF

      13535 Monterey Hwy

      APARTMENT HOUSE (5+ UNITS) • 15,617 SF
      13535 Monterey Hwy, San Martin, CA 95046-9593
      View Details
    • Value Estimation by Request
      2,880 SF

      13680 Llagas Ave

      APARTMENT HOUSE (5+ UNITS) • 2,880 SF
      13680 Llagas Ave, San Martin, CA 95046-9525
      View Details

    Similar Nearby for Sale

    • $3,500,000

      CordeValle Vineyard Estates Land

      Rare 4.33 acre double lot in CordeValle Vineyard Estates.
      Lions Peak Ln, San Martin, CA 95046
      View Details
    • $1,388,000

      San Martin Usable Acreage Opportunity

      20 acres in San Martin's wine country corridor.
      San Martin Ave, San Martin, CA 95046
      View Details
    • $1,549,000

      San Martin Horse Property

      Renovated 3-bedroom horse property on 2.32 acres.
      1515 Dias Dr, San Martin, CA 95046
      View Details
    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.
    2nd Entry Off Of Turlock
    San Martin, CA 95046
    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
    2nd Entry Off Of Turlock, San Martin, CA, 95046
    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!