360 Espinosa Rd, Salinas, CA 93907-8895
This expansive industrial property, located at 360 Espinosa Rd, Salinas, CA 93907, boasts a total of 2,137,413 square feet within a single, one-story building constructed in 1989. The property is zoned F-40 and situated in Monterey County. Currently configured for multiple tenants, one available space encompasses 435,715 square feet. The site includes a fully gated cannabis enclosure and a comprehensive security system. On-site amenities include a covered storage area and concrete pathways. A significant feature is an installed fermentation system. The property benefits from an administrative permit authorizing the use of six large greenhouse structures for commercial cannabis production and nursery operations, totaling 611,113 square feet of canopy area. The permit also allows for the use of an existing 11,562 square foot structure for processing, manufacturing, and extraction. This permit has been approved under CEQA. The property offers 30 total parking spaces. This exceptional opportunity presents a unique combination of scale, existing infrastructure, and permitted cannabis cultivation capabilities. The property's size and features make it suitable for a variety of large-scale industrial uses.
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Rocket Farms Garden Center Landscaping
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.