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    Grand Island Orchard Headquarters Title is generated by Realmo AI

    1604 Highway 45, Grimes, CA 95950

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    Claim this Listing
    For Sale
    $3,850,000

    Commercial - Grimes, CA

    Property size:
    2,332 SF
    Lot size:
    237.00 Acres
    Price / SF:
    $1,650/SF
    Added:
    Sep 27, 2024
    Days on Market:
    614
    Last Refresh:
    Jun 2 at 8:06 am

    Property Features for 1604 Highway 45

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    3
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Garage
    Standard status
    Active
    Size
    2,332 SF
    Lot size
    237.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Todd Renfrew
    Todd Renfrew

    Listing agent Todd Renfrew

    Listing office California Outdoor Properties 707 Merchant Street, Vacaville, CA

    Listing date Sep 27, 2024

    MLS# 11555782 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 180 acres of planted walnut orchard with fertile Class II and III soils.
    • Riparian rights to the Sacramento River and a solar‑powered 100 HP ag irrigation well.
    • Orchard headquarters with a 2,461 sq ft guest home with a pool, a detached four‑car garage, and additional homes/offices.
    • Two large, functional workshops with roll‑up doors, cement floors, shelving, electricity (solar‑powered), and a lift.
    • Potential to purchase with Grand Island Estate for a complete ranch experience.
    • Located in Colusa County, a one‑hour drive north of Sacramento.

    Overview

    Located in Colusa County, a one-hour drive north of Sacramento, the Grand Island Orchard & Headquarters encompasses 236.67 acres. The property features 180 acres of planted walnuts, situated near the Sacramento River. The land includes fertile Class II and III soils, a solar-powered 100 HP ag irrigation well, and riparian rights to the Sacramento River. There are an additional 10 acres of fertile land available for cultivation. The orchard headquarters includes a 2,461 square foot guest home with a pool, a detached four-car garage, a 1,090 square foot three-bedroom home used for storage, and a 900 square foot two-bedroom home used as an office. Two workshops feature large roll-up doors, cement floors, shelving, and electricity provided by solar panels on the roof, and a lift. Two historical barns are also located on the property. This property is suitable for buyers seeking a working ranch operation or an investment in agricultural land. The property can be purchased with Grand Island Estate.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Grimes
    County
    Colusa
    State
    California
    Longitude
    -121.86773
    Latitude
    39.06614

    Nearby Similar for Sale

    • $170,000

      Commercial Property in Grimes, CA

      Commercial property for sale in Grimes, California.
      341 Main Street, Grimes, CA 95950
      View Details
    • $5,350,000
      4,628 SF

      Sacramento Riverfront Walnut Orchard Estate

      238.79-acre Colusa County ranch with fertile land and river frontage.
      1582 CA-45, Grimes, CA 95950
      View Details

    FAQs

    What type of property is this?
    Specialty property - 236.67-acre walnut orchard with homes and agricultural infrastructure.
    Where is this specialty property located?
    The property is located at 1604 Highway 45 Grimes, CA.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: 180 acres of planted walnut orchard with fertile Class II and III soils.; Riparian rights to the Sacramento River and a solar‑powered 100 HP ag irrigation well.; Orchard headquarters with a 2,461 sq ft guest home with a pool, a detached four‑car garage, and additional homes/offices.
    (707) 455-4444
    We can help!
    Listing Contact
    Todd Renfrew
    Todd Renfrew
    Real Estate License ID: 01727574
    Learn More
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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.

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