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    Famoso Rd Bakersfield, CA 93308

    Sponsored
    For Sale
    $7,750,000

    338 Acres of Navel & Valencia Oranges

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents 338.23 +/- assessed acres of a fully developed citrus ranch in Bakersfield, California. The property boasts 330 +/- net planted acres of high-quality Navel and Valencia orange trees situated on excellent, Grade 1 soils along Famoso Road. The location benefits from the CWD service area, featuring two turnouts and a deep well for efficient irrigation. Adding to the appeal are two existing homes and a shop on the property, though these structures hold no contributory value to the overall assessment. The property is zoned MDB&M and features APNs 060-370-50

    Property Features for 0 Famoso Rd

    General Information

    Property type
    Farms
    Lot Size
    14,733,299 SF

    HighLights

    • Two homes and one shop on an 8‑acre ranch.
    • No contributory value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.10699631994
    Latitude
    35.602423610193

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    FAQs

    What type of property is this?
    Farm - 338 Acres of Navel & Valencia Oranges
    Where is this farm located?
    The property is located at Famoso Rd Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $7,750,000.
    What are key features of this property?
    This property features: Two homes and one shop on an 8-acre ranch.; No contributory value.;
    Request Owner's contact information
    Famoso Rd Bakersfield, CA 93308
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    Realmo Value Estimation

    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.

    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.

    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
    Famoso Rd Bakersfield, CA 93308
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