5923 Biola Ave, Fresno, CA 93723
This exceptional 116.22-acre almond orchard in Fresno County, California, presents a unique investment opportunity. Located on 5923 N Biola Ave, Fresno, CA 93723 (APN: 016-450-82 & 83, 016-390-02s, 26 & 27, 016-450-02s), the property boasts stunning San Joaquin River views and benefits from a USBR Riparian Holding Contract (buyer to verify). The orchard features 40 acres of Nonpareil/Aldrich almonds planted in 2016 and 60 acres of Nonpareil/Monterey almonds planted in 2020, thriving on predominantly Class 2 sandy loam soil. Irrigation is ensured by two deep wells and the Fresno Irrigation District surface supply. The property is zoned AG and is a professionally managed, turnkey operation. The 2024 almond crop may be included with reimbursement of cultivation costs. Two occupied rental homes are also situated on the property
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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