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740-650 Tuledad Rd Ravendale, CA 96123
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For Sale
$29,950,000
Vast Organic Alfalfa Farm & Cattle Ranch
Description
Added:
Dec 11, 2024
Days on Market:
411
Exceptional investment opportunity: Dodge Ranch, a sprawling 23,600-acre agricultural property in Lassen County, California, near Ravendale (zip code 96123). This expansive ranch, encompassing approximately 20 square miles, includes 111 assessor's parcels and a substantial 224,971-acre grazing allotment leased from the Bureau of Land Management (BLM), expiring in 2031 with a first right of renewal. Currently operating as a high-quality organic alfalfa farm and cattle operation, the ranch boasts approximately 3,700 acres of irrigated alfalfa, utilizing fourteen pivots (2,928 acres) and 824 acres of flood-irrigated pasture. The existing irrigation system, fed by over 20 wells, reservoirs (Dodge and Buckhorn), creeks, canals, pipelines, and lift pumps, offers significant potential for expansion. The BLM allotment provides approximately 4,452 animal unit months (AUMs). Nine dwellings, including homes, bunkhouses, and a guest house, are situated across four ranch compounds, complemented by numerous outbuildings such as barns, shops, corrals, and storage sheds. The property benefits from inexpensive electricity provided by Surprise Valley Electric via extensive power lines. The ranch's strategic location, abundant water resources, and existing infrastructure present a compelling opportunity for agricultural expansion and diversification, along with recreational pursuits including hunting, off-roading, fishing, and wildlife viewing. The property is zoned for Upland Conservation/Ag Preserve. Asking price: $29,950,000.
Property Features for 740-650 Tuledad Rd
General Information
Property type
Farms
Lot Size
1,028,016,000 SF
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Listing Contact
Terry Hundemer
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HighLights
Massive California ranch encompassing 23,600 deeded acres and 224,971 acres of federal grazing allotments.
Currently produces organic alfalfa on 3,700 irrigated acres using 14 Nelson bubbler pivots (13 installed within the last 5 years).
Improved with five houses, a duplex, bunkhouses, guest house, corrals/stables, storage buildings, and ranch operation structures.
Water infrastructure includes over 20 wells, canals, pipelines, pumps, reservoirs, and creek water rights.
Low‑cost electricity via Surprise Valley Electric, with extensive three‑phase and underground power lines, plus solar power at some homes.
Includes 224,971 acres of BLM grazing allotment leased through 2031, providing approximately 4,452 AUMs.
The property is located at 740-650 Tuledad Rd Ravendale, CA.
What is the asking price?
The asking price for this property is $29,950,000.
What are key features of this property?
This property features: Massive California ranch encompassing 23,600 deeded acres and 224,971 acres of federal grazing allotments.; Currently produces organic alfalfa on 3,700 irrigated acres using 14 Nelson bubbler pivots (13 installed within the last 5 years).; Improved with five houses, a duplex, bunkhouses, guest house, corrals/stables, storage buildings, and ranch operation structures.
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Realmo Value Estimations
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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.
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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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740-650 Tuledad Rd Ravendale, CA 96123
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740-650 Tuledad Rd, Ravendale, CA
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740-650 Tuledad Rd, Ravendale, CA
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