Cannabis-Ready Industrial Grow
34284 Road 196 Woodlake, CA 93286
34284 Road 196, Woodlake, CA, 93286
Contact for pricing
For Sale
Contact for pricing
Two improved industrial buildings support an indoor cannabis grow and include prior cold storage and fruit packing use.
Property Size20,000 SF
Lot Size4.96 Acres
Price / SF$90
Days on Market91
Property Features for 34284 Road 196
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 4.96 Acres
- Property subtype
- Industrial, Special Purpose
Building Details
- Year Built
- 1948
Listing agency
Fidelity Realty
(714) 925-8068
Listed by
James Figueroa · License #01152564
Source
Crexi
Added: Apr 23 Updated: Jul 21 at 6:21PM Checked: Jul 21 at 6:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fidelity Realty
Investment Insights
Based on property information with market context.
Located in the pro-growth cannabis industry in the City of Woodlake, this property offers visibility to a high-traffic area and supports multiple use types, including mixed light industrial and cannabis-zoned uses such as manufacturing, distribution, delivery, and extraction, as well as commercial and agricultural uses.
The offering includes two separate buildings, one at approximately 5,000 square feet and a second at approximately 15,000 square feet, located at the Road 196 site. The second building has been highly improved for an indoor grow. A second parcel is included in the sale (19581 Ave. 344), where the value is primarily in the land, though there is an existing structure previously used as a cold storage and fruit packing facility with sorting and storage.
Together, the two properties comprise approximately 216,000 square feet in total land area and are being sold together as a single opportunity.
The offering includes two separate buildings, one at approximately 5,000 square feet and a second at approximately 15,000 square feet, located at the Road 196 site. The second building has been highly improved for an indoor grow. A second parcel is included in the sale (19581 Ave. 344), where the value is primarily in the land, though there is an existing structure previously used as a cold storage and fruit packing facility with sorting and storage.
Together, the two properties comprise approximately 216,000 square feet in total land area and are being sold together as a single opportunity.
Key Highlights
- Two separate industrial buildings: approx. 5,000 SF and approx. 15,000 SF at the Road 196 site
- Second building is highly improved for indoor cannabis grow
- Property supports multiple use types, including mixed light industrial and cannabis‑zoned manufacturing/distribution/delivery/extraction
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.0k | $9.00 |
| − Vacancy | −$13.7k | −$0.68 |
| EGI | $166.3k | $8.32 |
| − OpEx | −$25.0k | −$1.25 |
| NOI | $141.4k | $7.07 |
20,000 SF · lease $9.00/SF/yr · vacancy 7.59% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.02M
$1.77M – $2.36M
NOI $141,387 @ 7.0% cap · market cap 7.85%
Second Best
Industrial
$1.66M
$1.46M – $1.94M
NOI $116,437 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$6.07M
$5.32M – $7.09M
NOI $425,250 @ 7.0% cap · market cap 23.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Soil & Crop Inc.
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Cannabis property - Two improved industrial buildings support an indoor cannabis grow and include prior cold storage and fruit packing use.
Where is this cannabis property located?
The property is located at 34284 Road 196 Woodlake, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two separate industrial buildings: approx. 5,000 SF and approx. 15,000 SF at the Road 196 site; Second building is highly improved for indoor cannabis grow; Property supports multiple use types, including mixed light industrial and cannabis‑zoned manufacturing/distribution/delivery/extraction
