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    18429 Lacey Blvd Lemoore, CA 93245

    Sponsored
    For Sale
    $11,500,000

    Prime CA farmland, 115 acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    Exceptional 115.26-acre agricultural property in Lemoore, CA, currently planted with ten-year-old Chandler walnuts. This land boasts excellent Nord complex soils (96.3% Grade 1) and benefits from dual water sources: the Lemoore Canal District and a deep agricultural well equipped with sand media filters and micro-sprinkler irrigation. The property's strategic location at the southeast corner of 18th Avenue and Lacey Boulevard places it within the City of Lemoore's sphere of influence, surrounded by residential areas and experiencing active development by both local and national homebuilders. Its proximity to major freeways and Naval Air Station Lemoore adds significant appeal. The Kings County APN is 021-020-008, and the property is zoned AL-10. While the Sustainable Groundwater Management Act (SGMA) mandates groundwater sustainability by 2040 and requires Groundwater Sustainability Plans (GSPs), this property's dual water sources mitigate some risk. The asking price is $11,500,000. This presents a unique opportunity for investors seeking a blend of established agricultural income and significant future development potential in a rapidly growing area. The 3.7% of the land comprised of Grangeville sandy loam, saline-alkali soil should be noted.

    Property Features for 18429 Lacey Blvd

    General Information

    Property type
    Farms
    Lot Size
    5,020,726 SF

    HighLights

    • Dual water sources.
    • High‑quality soils.
    • Situated within Lemoore's sphere of influence.
    • Significant future development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Hotel & Motel Department Store Garden Center Discount Store Arcade & Gaming Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lemoore
    County
    Kings
    State
    California
    Longitude
    -119.7880514
    Latitude
    36.3279877

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    FAQs

    What type of property is this?
    Farm - Prime CA farmland, 115 acres
    Where is this farm located?
    The property is located at 18429 Lacey Blvd Lemoore, CA.
    What is the asking price?
    The asking price for this property is $11,500,000.
    What are key features of this property?
    This property features: Dual water sources.; High-quality soils.; Situated within Lemoore's sphere of influence.
    Request Owner's contact information
    18429 Lacey Blvd Lemoore, CA 93245
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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
    18429 Lacey Blvd Lemoore, CA 93245
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