Property profile

0 Highway 43 Corcoran, CA 93212

OFF-MARKET
Land
100.57 ac lot
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Property summary

AI-generated overview

This exceptional 100.57-acre property presents a significant development opportunity in Corcoran, California. Strategically located on the east side of Highway 43, north and south of Newmark Avenue, this land is zoned R-1-6 for single-family residential use, requiring a minimum 6,000 sq. ft. lot size. The property's location within Corcoran city limits offers convenient access to local amenities, schools, and shopping, making it attractive for both developers and future homeowners. The land comprises approximately 57.5% Lakeside loam and 42.5% Lakeside clay, both partially drained. Water access is provided by the Kings County Water District (north of Newmark Avenue) and the City of Corcoran Water (south of Newmark Avenue), with the entire property falling under the El Rico GSA. The property is identified by Kings County APNs: 034-080-062, 034-016-006, 034-080-061, 034-070-023, 034-060-018, and 034-060-011. It's important to note the impact of the Sustainable Groundwater Management Act (SGMA) and its potential implications for groundwater pumping. Further details regarding soil composition and SGMA regulations are available upon request. This property is offered at $1,206,840 and represents a compelling investment for residential development in a desirable location. The potential for single-family homes or a larger residential project makes this a solid investment opportunity.

Property profile

Verified
Property type Land
Lot 100.57 ac (4,380,829 SF)

Cap rate & NOI

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

Location

Highway 43 Corcoran, CA 93212
Corcoran metro
Google Maps

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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