0 16Th Ave Lemoore, CA 93230
This exceptional 80-acre property, located in the northern part of Hanford, CA, presents a unique investment opportunity. Situated northwest of the 16th and Elder Avenues intersection, it's conveniently close to the Kings River (200-300 yards). The land, encompassing two parcels (APN 004-080-026 and 004-080-027), was previously a walnut orchard but is currently largely fallow. The property boasts three agricultural wells (two with functional 5-7 horsepower pumps, delivering approximately 200 gallons per minute each, at depths of 60-70 feet; one non-operational) and one domestic well (currently lacking a pump). The soil is predominantly (99.5%) high-quality Grade 1 Nord fine sandy loam and Whitewolf coarse sandy loam, ideal for various agricultural uses. The property also includes a former fruit packing facility, offering potential for repurposing into a functional agricultural building. Note that the property is part of the South Fork Kings GSA and subject to the Sustainable Groundwater Management Act (SGMA). While the property does not have surface water, its proximity to the Kings River contributes to natural groundwater recharge. This fertile land, with its existing infrastructure and strategic location, offers significant potential for a variety of agricultural ventures. The buyer is responsible for verifying all information and conducting due diligence.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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