0 Panama Rd Bakersfield, CA 93307
This exceptional 315.12-acre property in Bakersfield, California (Kern County, zip code 93307, APN 503-021-02/04/05/07/09/11/13) presents a unique investment opportunity. Currently featuring a mix of agricultural uses, approximately 78 acres are planted with almonds (planted in 2012), while the remaining acreage is comprised of irrigated farmland. Note that the western 160+ acres of almonds are currently being removed. The property benefits from a reliable water supply via two turnouts from the Arvin-Edison Water District. Zoned for agricultural use, this expansive land parcel offers significant potential for various farming operations. Detailed information is available in the attached brochure. The asking price for this substantial holding is $5,514,600. Located conveniently on Panama Road in Bakersfield, this property offers easy access to transportation routes and local amenities. The property's size and existing infrastructure make it an attractive proposition for both established agricultural businesses and those seeking to expand their operations. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.