0 Cranmore Rd Meridian, CA 95957
This exceptional 104-acre walnut orchard is situated northwest of the Cranmore and Coles Road intersection near Meridian, California. The property boasts 96 acres planted with Livermore and Chandler variety walnuts, totaling approximately 6,147 trees planted between 2014 and 2018. The Livermore walnuts (2,139 trees) are spaced 26' x 26' and planted with RX1 and VX211 rootstock. The Chandler walnuts (4,008 trees) are planted primarily with RX1 and VX211 rootstock, with a small number using Paradox rootstock. The orchard has demonstrated strong production, yielding 164,248 pounds in 2023 and 71,780 pounds in 2022. Irrigation is efficient, utilizing micro-sprinklers on all berms, drawing from an 800 GPM agricultural well drilled in 2013 at 125 feet and documented riparian rights from the Sacramento River, which borders the property's southwest side. The property is located within Reclamation District No. 1500 and part of Reclamation District No. 1500 GSA. Improvements include a V-ditch constructed in 2018. The Sutter County APN is 024-010-017. Note that the Sustainable Groundwater Management Act (SGMA) impacts groundwater pumping; further details are available at the SGMA website. Detailed soil information is available in separate soil map and description documents. This well-maintained orchard presents a compelling investment opportunity. The asking price is $2,288,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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