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Property profile

0 Iona Ave Hanford, CA 93230

OFF-MARKET
Land
158.13 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents +/- 158.13 acres of established peach and nectarine orchards in Hanford, California. The property boasts approximately 75.5 acres of peaches, including varieties such as Summer Flame 29, Zee Rich, Summer Flame 26, Rich Lady, and Spring Flame 22, planted between 2017 and 2021. Additionally, there are approximately 70 acres of nectarines, with varieties like Spring Flare 25, Honey Royal, Zee Fire, and Rose Bright, also planted between 2017 and 2021. The orchard benefits from its location within the Lakeside Irrigation District, supported by two 150HP wells, and a two-year well-sharing agreement with a neighboring property. The soil composition includes approximately 48.7% Kimberlina fine sandy loam (saline-alkali), 41.8% Excelsior sandy loam (Grade 2 - Good), and 9.4% Cajon sandy loam (Grade 1 - Excellent). The property is part of the Greater Kaweah GSA and is identified by Kings County APN: 016-210-024. This is a remarkable chance to acquire a well-established and productive fruit orchard in a prime agricultural location. The asking price is $4,427,640.

Property profile

Verified
Property type Land
Lot 158.13 ac (6,888,143 SF)

Cap rate & NOI

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

Location

Iona Ave Hanford, CA 93230
Hanford 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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