18429 Lacey Blvd Lemoore, CA 93245
Exceptional 115.26-acre agricultural property in Lemoore, CA, currently planted with ten-year-old Chandler walnuts. This land boasts excellent Nord complex soils (96.3% Grade 1) and benefits from dual water sources: the Lemoore Canal District and a deep agricultural well equipped with sand media filters and micro-sprinkler irrigation. The property's strategic location at the southeast corner of 18th Avenue and Lacey Boulevard places it within the City of Lemoore's sphere of influence, surrounded by residential areas and experiencing active development by both local and national homebuilders. Its proximity to major freeways and Naval Air Station Lemoore adds significant appeal. The Kings County APN is 021-020-008, and the property is zoned AL-10. While the Sustainable Groundwater Management Act (SGMA) mandates groundwater sustainability by 2040 and requires Groundwater Sustainability Plans (GSPs), this property's dual water sources mitigate some risk. The asking price is $11,500,000. This presents a unique opportunity for investors seeking a blend of established agricultural income and significant future development potential in a rapidly growing area. The 3.7% of the land comprised of Grangeville sandy loam, saline-alkali soil should be noted.
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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No recorded transactions found for this property.
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Risks
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