Property profile

28220 Avenue 20 1/2 Madera, CA 93638

OFF-MARKET
Land
80.22 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents 80.22± acres of high-yielding Kerman pistachios situated on two parcels in Madera County, California. The orchard, located on the south side of Avenue 20 1/2, a quarter mile west of Road 30 in the Pacific Lighting district, boasts mature trees on Atlantica rootstock, professionally managed for optimal production. Irrigation is efficiently managed via micro-sprinklers utilizing water from the Madera Water District, supplemented by the Madera Irrigation District when available. The property's soil quality is classified as Grade 3 according to the USDA California Revised Storie Index (a detailed soil map is available). The land is zoned ARV-20. Parcel numbers are Madera County APN’s: 031-111-019 & 031-111-024. The asking price is $1,002,750, or approximately $12,500 per acre, with cash payment required at the close of escrow. Prospective buyers should be aware of the Sustainable Groundwater Management Act (SGMA) of 2014 and its implications for groundwater usage. Further information regarding SGMA and Groundwater Sustainability Plans (GSPs) can be found at the California Department of Water Resources website. This property offers a unique chance to acquire a productive and well-maintained agricultural asset in a desirable location. The property's address is 28220 Ave 20 1/2, Madera, CA 93638.

Property profile

Verified
Property type Land
Lot 80.22 ac (3,494,383 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

28220 Avenue 20 1/2 Madera, CA 93638
Madera metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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