5053 Ave, Alpaugh, CA 93201
Exceptional investment opportunity: 826-acre dairy farm in Alpaugh, CA, located at 5053 Avenue 88, 93201. This property boasts a substantial operation with approximately 2,000-cow freestall dairy and a Double-40 Parallel milking parlor. The land includes six wells: one with a 250HP turbine, one with a 150HP turbine, one with a 125HP turbine, and three with 75HP submersible pumps. The property is part of the Alpaugh GSA and is comprised of ten parcels with the following Tulare County APNs: 311-040-001, 311-030-001, 311-040-002, 311-040-028, 311-040-010, 311-040-011, 311-040-017, 311-040-015, 311-040-014, and 311-040-012. Detailed soil information is available upon request. Potential buyers should be aware of the Sustainable Groundwater Management Act (SGMA) and its implications for groundwater pumping, including the requirement for groundwater basins to be sustainable by 2040 and the development of Groundwater Sustainability Plans (GSPs) by 2020. Further information on SGMA can be found at the provided website. Asking price: $10,500,000.
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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