Property profile

9919 Mountain View Ave Selma, CA 93662

OFF-MARKET
Land
60 ac lot
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Property summary

AI-generated overview

This exceptional 60-acre property in Selma, CA (APN 393-101-17), presents a unique investment opportunity blending commercial and agricultural uses. Ideally situated near the city of Selma and with convenient freeway access (99 FWY), this land boasts two farm wells and one domestic well, supplemented by available CID water. Irrigation is efficient, utilizing a double drip system with row-by-row valves. The orchard comprises 40 acres planted in 2015 (50% Nonpareil and 50% Superpareil almonds) and 20 acres planted in 2014 (50% Nonpareil and 50% Aldrich almonds), all spaced at 22' x 16'. The property also includes a house and two shops; however, the house and smaller shop are currently subject to a life estate. Three diesel tanks are included in the sale. Farm equipment is sold separately. Significant potential exists for future development, given the proximity to a planned shopping center on adjacent land zoned for commercial use. A large sewer line runs adjacent to the property. Note that the property's groundwater usage is subject to the Sustainable Groundwater Management Act (SGMA) regulations, requiring sustainability by 2040 and the implementation of a Groundwater Sustainability Plan (GSP) by 2020, which may impact groundwater pumping. The asking price is $2,910,000.

Property profile

Verified
Property type Land
Lot 60 ac (2,613,600 SF)

Cap rate & NOI

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

Location

9919 Mountain View Ave Selma, CA 93662
Selma metro
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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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