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    62 Rice Ca Vidal, CA 92280

    Sponsored
    For Sale
    $25,000,000

    3,324 acres, ideal for solar, rail access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional investment opportunity: 3,324 acres of agricultural land in Rice, California, offered at $25,000,000 ($5,500 per acre). This expansive property, located on Highway 62 with approximately 2.75 miles of road frontage, boasts a W-2 (Controlled Development) zoning designation. The land is relatively flat, gently sloping southeast, and previously disturbed, making it suitable for various large-scale projects. The site features ample water resources and is situated approximately 7 miles from an approved transmission tie-in location. Extensive sunshine coverage has been documented. The property's prior use and location have demonstrated the ability to secure all necessary California Energy Commission approvals for substantial energy projects, such as a 150MW Concentrated Solar Power (CSP) facility. The Bureau of Land Management has suggested a strategy to expedite development by dividing the property into three smaller photovoltaic facilities, each under 50 megawatts, potentially bypassing lengthy California Energy Commission reviews and ensuring grid access. The property is also conveniently located near the North American Freight Rail System, providing excellent transportation access. APN: 801-042-004 801-062-012 801-070-005. This fee-simple ownership presents a unique chance to capitalize on the region's potential for renewable energy and other large-scale developments.

    Property Features for 62 Rice Ca

    General Information

    Property type
    Farms
    Lot Size
    144,793,440 SF

    HighLights

    • 3,324 acres of agricultural land for $25,000,000 ($5,500/acre), ideal for solar power and other large‑scale projects.
    • Approximately 2.75 miles of highway frontage on Highway 62.
    • W‑2 (Controlled Development) zoning.
    • Rail‑accessible via the North American Freight Rail System.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Vidal
    County
    San Bernardino
    State
    California
    Longitude
    -114.8476463
    Latitude
    34.0829954

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    FAQs

    What type of property is this?
    Farm - 3,324 acres, ideal for solar, rail access.
    Where is this farm located?
    The property is located at 62 Rice Ca Vidal, CA.
    What is the asking price?
    The asking price for this property is $25,000,000.
    What are key features of this property?
    This property features: 3,324 acres of agricultural land for $25,000,000 ($5,500/acre), ideal for solar power and other large-scale projects.; Approximately 2.75 miles of highway frontage on Highway 62.; W-2 (Controlled Development) zoning.
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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
    62 Rice Ca Vidal, CA 92280
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