Property profile

0 Poplar Ave Shafter, CA 93263

OFF-MARKET
Land
156.68 ac lot
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Property summary

AI-generated overview

This exceptional 156.68-acre agricultural property in Shafter, CA, presents a unique investment opportunity. The land boasts 126 acres of producing almond orchards and 23 acres of producing cherry orchards, all irrigated by a well with a 200HP electric motor and VFD panel. A sophisticated irrigation system, including a double-line drip system, spin clean filter, acid injection, and a 40HP booster pump, ensures optimal water management. The cherry orchard further benefits from an overhead sprinkler system for cooling. Adding significant value is a 205KW solar system installed in 2015, generating substantial income and tax benefits. The property is located in the Shafter Wasco Irrigation District 7th Standard annexed area, although it does not receive surface water. The productive soils and established orchards contribute to a strong income stream. The property's APN is 090-270-08 and 13. The asking price is $2,475,000, translating to $15,797 per acre. In 2023/24, a SWID charge of approximately $176.63 per acre was collected alongside property taxes by the Kern County Tax Collector. This turnkey operation offers a compelling blend of agricultural production and renewable energy. The property is zoned A (Exclusive Agricultural).

Property profile

Verified
Property type Land
Lot 156.68 ac (6,824,981 SF)

Cap rate & NOI

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

Location

Poplar Ave Shafter, CA 93263
Shafter metro
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Value estimations

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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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