Technical
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Property profile

0 Fargo Ave Hanford, CA 93230

OFF-MARKET
Land
45.65 ac lot
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Property summary

AI-generated overview

This exceptional 45.65-acre property, located northwest of the intersection of 14th Avenue and Geneva Avenue in Hanford, California (zip code 93230), presents a remarkable opportunity. Currently planted with walnut trees, this land offers diverse potential uses, including a stunning country homesite or expansion of an existing agribusiness. The property boasts a reliable water supply, featuring both well and ditch water sources. A well, approximately 60-70 feet deep, provides 50 gallons per minute via a 5-7 horsepower pump (condition: fair). Surface water is accessed via an easement on the east branch of the Last Chance Water Ditch Company canal. The property is situated within the Kings County Water District and the Mid-Kings River GSA. Detailed soil information is available in separate soil maps and descriptions. The Kings County APN is 005-030-003. Note that the property is subject to the Sustainable Groundwater Management Act (SGMA), which mandates sustainable groundwater basins by 2040 and requires Groundwater Sustainability Plans (GSPs) by 2020. These plans may impose limitations on groundwater pumping. Further information on SGMA can be found at the provided website. This prime North Hanford location offers a unique chance to create a dream country residence or expand agricultural operations. The property's size and versatility make it an ideal canvas for various projects. The asking price is $949,000.

Property profile

Verified
Property type Land
Lot 45.65 ac (1,988,514 SF)

Cap rate & NOI

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

Location

Fargo Ave Hanford, CA 93230
Hanford 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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