Property profile

0 16Th Ave Lemoore, CA 93230

OFF-MARKET
Land
80 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 80 ac (3,484,800 SF)

Cap rate & NOI

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

Location

16Th Ave Lemoore, CA 93230
Lemoore metro
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Value estimations

Realmo proprietary · 4 methods
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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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