Property profile

62 Rice Ca Vidal, CA 92280

OFF-MARKET
Land
3324 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity: 3,324 acres of agricultural land in Rice, California, offered at $25,000,000 ($5,500 per acre). This expansive property, located on Highway 62 with approximately 2.75 miles of road frontage, boasts a W-2 (Controlled Development) zoning designation. The land is relatively flat, gently sloping southeast, and previously disturbed, making it suitable for various large-scale projects. The site features ample water resources and is situated approximately 7 miles from an approved transmission tie-in location. Extensive sunshine coverage has been documented. The property's prior use and location have demonstrated the ability to secure all necessary California Energy Commission approvals for substantial energy projects, such as a 150MW Concentrated Solar Power (CSP) facility. The Bureau of Land Management has suggested a strategy to expedite development by dividing the property into three smaller photovoltaic facilities, each under 50 megawatts, potentially bypassing lengthy California Energy Commission reviews and ensuring grid access. The property is also conveniently located near the North American Freight Rail System, providing excellent transportation access. APN: 801-042-004 801-062-012 801-070-005. This fee-simple ownership presents a unique chance to capitalize on the region's potential for renewable energy and other large-scale developments.

Property profile

Verified
Property type Land
Lot 3324 ac (144,793,440 SF)

Cap rate & NOI

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

Location

62 Rice Ca Vidal, CA 92280
Vidal 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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