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    OFF-MARKET
    Land

    62 Rice Ca, Vidal, CA 92280

    3324 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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