Property profile

0 Avenue 96 Terra Bella, CA 93270

OFF-MARKET
Land
913.22 ac lot
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Property summary

AI-generated overview

This exceptional agricultural property in Terra Bella, CA, encompasses approximately 913.22 assessed acres, strategically located east of Road 208, on Avenue 96, adjacent to the Friant-Kern Canal. The land boasts approximately 841 acres planted with Kerman variety pistachios on PG1 rootstock, established in 2013 with a 17' x 20' spacing. Irrigation is ensured by six on-site wells equipped with pumps (three 400HP, two 250HP, and one 75HP), along with a separate domestic well. The property includes a roughly 2,000 sq. ft. home and a roughly 2,600 sq. ft. shop. The property is situated within the Eastern Tule GSA and falls under a subsidence management area. It's important to note that the property is subject to the Sustainable Groundwater Management Act (SGMA), requiring groundwater basins to be sustainable by 2040 and mandating Groundwater Sustainability Plans (GSPs) by 2020, which may potentially limit groundwater pumping. Further details regarding soil conditions are available in separate soil map and description documents. The property's legal description includes Tulare County APNs: 302-240-013, 302-240-014, 302-240-015, 302-240-016, 302-240-017, 302-230-027, 302-250-006, 320-030-006, 320-020-001, and 320-030-005. The asking price for this significant agricultural holding is $12,785,080.

Property profile

Verified
Property type Land
Lot 913.22 ac (39,779,863 SF)

Cap rate & NOI

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

Location

Avenue 96 Terra Bella, CA 93270
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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