Property profile

0 Road 208 Terra Bella, CA 93257

OFF-MARKET
Land
24.72 ac lot
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Property summary

AI-generated overview

This exceptional 24.72-acre agricultural property in Tulare County, California, presents a unique investment opportunity. Located near Porterville (zip code 93257, APN 236-290-002) on Road 208, this land boasts the essential elements for successful farming: excellent water resources and superior soil. The property features Porterville Irrigation District water access, supplemented by two wells. Currently planted with Payne & Chandler walnuts, the fertile Foster and Cajon Fine Sandy Loam soil offers significant potential. The property's zoning is AE-20. While the land could potentially be used as a recharge basin, prospective buyers should be aware of the Sustainable Groundwater Management Act (SGMA) of 2014 and its implications for groundwater usage. SGMA mandates groundwater sustainability by 2040, requiring Groundwater Sustainability Plans (GSPs) by 2020, which may limit well water pumping. Interested parties are strongly advised to consult with professionals regarding SGMA's potential impact and groundwater limitations. Management services are available. Asking price: $560,000.

Property profile

Verified
Property type Land
Lot 24.72 ac (1,076,803 SF)

Cap rate & NOI

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

Location

Road 208 Terra Bella, CA 93257
Terra Bella 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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