30623 Avenue 20 Madera, CA 93638
This exceptional 38.96-acre agricultural property, located at 30623 Avenue 20, Madera, CA 93638, presents a lucrative investment opportunity. Comprising two adjacent parcels (Madera County APN’s: 031-121-019 & 020), this land is zoned AEX-20. The orchard features a diverse planting of pistachios: half Kerman variety on Atlantica rootstock (established in the 1970s) and half Golden Hills variety on UCB-1 rootstock (planted in 2018, with the first harvest anticipated in 2024). The property boasts predominantly Grade 3 soils (per USDA California Revised Storie Index; a detailed soil map is available). Water resources are abundant, including access to the Madera Canal and Fresno River, supplemental water purchases from the Madera Irrigation District (MID), and fifteen shared wells. A substantial reservoir with approximately 450 acre-feet capacity provides crucial water storage for the growing season. Note that the Sustainable Groundwater Management Act (SGMA) is in effect, and potential water usage limitations under Groundwater Sustainability Plans (GSPs) should be considered. The asking price is $564,920 ($14,500 per acre), with cash payment required at closing.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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