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    Olancha Ca 93549 Olancha, CA 93549

    Sponsored
    For Sale
    $6,000,000

    640-Acre California Land Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 640-acre parcel, located in Olancha, California (APN # 033-060-14), presents a compelling investment opportunity. Zoned as Private Preserve and Open Space-Vacant Land, this property is situated in Inyo County and offers significant potential for diverse development. Subject to Bureau of Land Management (BLM) restrictions, the land has been identified as suitable for solar energy development, aligning with current renewable energy market trends. Beyond solar, the property's vast acreage also presents opportunities for recreational uses. Adding further value, assessments indicate the presence of silica sand, opening up additional development avenues. A 2019 proforma provides a financial analysis of potential development scenarios. Currently, an executed option lease agreement is in place, with a total lease sum of $23,997,349.26 over a 39-year term. While specific details of the proforma and lease agreement require separate review, this property's size, diverse potential uses, and existing lease agreement make it a significant investment opportunity in a rapidly evolving market. The asking price for this expansive land holding is $6,000,000. Interested parties should conduct their own due diligence.

    Property Features for 0 Olancha Ca 93549

    General Information

    Property type
    Land
    Lot Size
    27,878,400 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Olancha
    County
    Inyo
    State
    California
    Longitude
    -118.0064718
    Latitude
    36.2818827

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    FAQs

    What type of property is this?
    Land - 640-Acre California Land Opportunity
    Where is this land located?
    The property is located at Olancha Ca 93549 Olancha, CA.
    What is the asking price?
    The asking price for this property is $6,000,000.
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    Olancha Ca 93549 Olancha, CA 93549
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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
    Olancha Ca 93549 Olancha, CA 93549
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