Property profile

0 Chestnut Ave Broadview Farms, CA 93622

OFF-MARKET
Land
42.92 ac lot
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Property summary

AI-generated overview

This exceptional 42.92-acre agricultural property in Selma, California, presents a lucrative investment opportunity. Located in Fresno County, on S. Chestnut Ave, approximately 1/3 mile north of E. Mountain View Avenue and 7.5 miles west of Selma (zip code 93622), this land boasts a diverse mix of established plantings. Approximately 11 acres are dedicated to cherry trees, while 26 acres are planted with almonds, established in 2016. The property benefits from predominantly Class II Good soils, ensuring optimal growing conditions. Irrigation is facilitated by two wells equipped with pumps: a newer 600-foot deep well featuring a 75 HP pump and filter station for the almond orchard, and a second well with a 25 HP submersible pump for the cherry orchard. The irrigation systems are modern and efficient, with micro sprinklers for the cherries and a dual-line drip system for the almonds. The property is situated within the Consolidated Irrigation District (CID), providing access to surface water, although currently without a CID pipeline connection. The CID is part of the Central Kings GSA. The APN is 85-270-10s. The permitted zoning is AE-20, Agricultural Exclusive 20 acres. Asking price is $1,300,000.

Property profile

Verified
Property type Land
Lot 42.92 ac (1,869,595 SF)

Cap rate & NOI

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

Location

Chestnut Ave Broadview Farms, CA 93622
Broadview Farms 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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