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Property profile & analytics
OFF-MARKET
Land

3593 Elm Ave Fresno, CA 93706

38.76 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 38.76-acre agricultural property in Fresno, CA, presents a compelling investment opportunity. Ideally situated near Highways 41 and 99, it falls within Fresno's sphere of influence and is designated AE20, permitting continued farming or development of agriculture-related businesses. The land boasts a 100% water allocation for 2024 from the Fresno Irrigation District, enhanced by a newly installed (2023) irrigation well pump. Currently cultivated with alfalfa, the property includes a mobile home (as-is condition). Essential utilities are available to the mobile home, including a domestic well, septic tank, electricity, and natural gas. The property's two parcels (APN 329-030-14, 329-030-15) are offered at $70,000 per acre, totaling $2,713,200. A 1031 exchange is a permitted sale condition. This location offers excellent potential for both continued agricultural use and future development.

Property profile
Verified
Property type Land
Lot 38.76 ac (1,688,386 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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