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Property profile & analytics
OFF-MARKET Estimated value $1,000,000
Retail properties & Spaces

1000 Bean Holw Rd Pescadero, CA 94060

74.16 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2004482
Property summary
AI-generated overview

This exceptional 74.275-acre property in Pescadero, California, presents a unique investment opportunity. Located at 1000 Bean Hollow Rd, San Mateo County, (zip code 94060), this former Bay City Nursery facility boasts stunning Pacific Ocean views and is conveniently situated approximately half a mile from Cabrillo Highway. The gently sloping land is zoned PAD/CD and is ideal for a variety of agricultural uses, including nursery stock, potted plants, general horticulture, and open-field cultivation. The extensive improvements include over 350,000 square feet of structures, comprising 245,482 square feet of steel-frame greenhouses, 94,000 square feet of agricultural tunnel space, a 5,000-square-foot warehouse, pump houses, boiler rooms, a mobile home, and other outbuildings. A leased cellular communication tower adds to the property's income potential. The property's irrigation system is robust, featuring three on-site wells, booster pump stations, surface ponds with approximately 4.0 acre-feet of capacity, and two holding tanks. This bank-owned foreclosure is offered at a significantly reduced price of $7,850,000. The property's scale and infrastructure make it suitable for continued agricultural use or redevelopment into a magnificent coastal estate. APN: 086-260-010. Ownership: Rabo Agrifinance.

Property profile
Verified
Property type Retail properties & Spaces
Use group NURSERY, GREENHOUSE, FLORIST
Lot 74.16 ac (3,230,325 SF)
APN 086-260-010
UPID US09-2004482
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
$960k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.00M
Owner & transaction history
Simple Pleasures LLC · 1 yrs held
Simple Pleasures LLC
since 2024
Last sale
$1.0M
7 recorded transactions
2024
Price N/A
2024
$3.5M
2021
$1.0M
2020
Price N/A
2016
Price N/A
1991
$1.0M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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