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    1 075.81 +/- Acres Bakersfield, CA 93308

    Sponsored
    For Sale
    $17,125,000

    1,075 Acres, Citrus & Farmland, $17M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity: 1,075.81 +/- acres of diverse farmland in Bakersfield, CA (93308), encompassing 265 +/- net planted acres of Navel and Valencia citrus, 530.36 +/- net acres of open/uncultivated farmland, and 279.76 +/- net acres of rangeland. This contiguous property boasts dramatic elevation changes, ranging from Bena Road to Caliente Creek (the Wash) to Neumarkel Road. The land features Grade 1, 2, 3, and 4 soils, predominantly high-quality, and benefits from both surface and groundwater service areas. A significant advantage is the inclusion of a water banking site for high-flow years. The property also includes two residential properties, two equipment barns, and four yard footprints spread across Ranches 4/5, Nehr, 9, and 10. The asking price is $17,125,000 ($15,873.97 per gross acre), with all cash payment required at closing. The property's APN numbers are: 179-062-15, 18, 22, 25, 34, 35, 41; 179-020-14; 179-070-02, 09, 12; 179-080-01; 179-101-03. The permitted zoning is MDB&M. This diversified asset offers a strong hedge against fluctuating commodity prices.

    Property Features for 1 075.81 +/- Acres

    General Information

    Property type
    Farms
    Lot Size
    46,862,284 SF

    HighLights

    • $17,125,000 asking price for 1,075.81+/- acres of mixed‑use land.
    • Located in Bakersfield, Kern County, CA (93308), with APN: 179‑062‑15, 18, 22, 25, 34, 35, 41; 179‑020‑14; 179‑070‑02, 09, 12; 179‑080‑01; 179‑101‑03.
    • Includes 265+/- net acres of citrus (Navel and Valencia), 530.36+/- net acres of open farmland, and 279.76+/- net acres of rangeland.
    • Features two residential properties, two equipment barns, and four yard footprints.
    • $15,873.97 per acre land value; all‑cash purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.78980612646
    Latitude
    35.328139750944

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    FAQs

    What type of property is this?
    Farm - 1,075 Acres, Citrus & Farmland, $17M
    Where is this farm located?
    The property is located at 1 075.81 +/- Acres Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $17,125,000.
    What are key features of this property?
    This property features: $17,125,000 asking price for 1,075.81+/- acres of mixed-use land.; Located in Bakersfield, Kern County, CA (93308), with APN: 179-062-15, 18, 22, 25, 34, 35, 41; 179-020-14; 179-070-02, 09, 12; 179-080-01; 179-101-03.; Includes 265+/- net acres of citrus (Navel and Valencia), 530.36+/- net acres of open farmland, and 279.76+/- net acres of rangeland.
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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

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    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
    1 075.81 +/- Acres Bakersfield, CA 93308
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