Technical
Financial
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Property profile

0 Poso Dr Wasco, CA 93280

OFF-MARKET
Land
28.38 ac lot
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Property summary

AI-generated overview

This exceptional 28.38-acre agricultural property in Wasco, CA, presents a unique investment opportunity. Located at approximately 28460 Poso Drive, at the northwest corner of Poso Drive and Magnolia Avenue, this land comprises three parcels (Kern County APNs 487-170-03, 487-170-04, and 487-170-05) currently planted with cherries requiring removal or redevelopment. The property benefits from dual water sources: an agricultural well and contract water from the Shafter Wasco Irrigation District (meter 7.8W-1.0N). Its strategic location is adjacent to Wasco city limits and diagonally across from John L. Prueitt Elementary School, with the Wasco Union High School District recently acquiring the adjacent northern parcel. The land is zoned A - Exclusive Agriculture Crops and boasts Grade 1 soils (per USDA California Revised Storie Index; see attached soil map). The asking price is $993,300 ($35,000/acre), cash at close of escrow. Note that the Sustainable Groundwater Management Act (SGMA) of 2014 and subsequent Groundwater Sustainability Plans (GSPs) may impact well water usage. Further information on SGMA is available at https://water.ca.gov/Programs/Groundwater-Management/SGMA-Groundwater-Management. This property offers significant potential for various agricultural or redevelopment projects.

Property profile

Verified
Property type Land
Lot 28.38 ac (1,236,233 SF)

Cap rate & NOI

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

Location

Poso Dr Wasco, CA 93280
Wasco 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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