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Property profile

24065 Millux Rd Bakersfield, CA 93311

OFF-MARKET
Land
73 ac lot
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Property summary

AI-generated overview

Exceptional 73-acre agricultural property located at 24065 Millux Rd, Bakersfield, CA 93311, is offered at $1,553,000 ($21,000/acre). This Kern County ranch boasts surface water deliveries from the Kern Delta Water District's Kern Island service area, ensuring reliable irrigation for diverse crops. Currently planted with alfalfa (October 2024 planting), the land is level and flood irrigated. Soil quality is rated Grade 2 & 4 according to the USDA California Revised Storie Index (detailed soil map available). The property includes a tailwater pond and a booster pump for efficient water management. Zoned A - Exclusive Agriculture, this opportunity is ideal for various permanent or row crops. Note that the property is subject to the Sustainable Groundwater Management Act (SGMA) of 2014, and potential groundwater pumping limitations should be considered. The parcel number is Kern County APNs 295-250-13 (pending a new parcel map). Cash at close of escrow is required. This is a rare opportunity to acquire a productive and well-watered agricultural property in a desirable location. The property is conveniently situated on the south side of Millux Rd, approximately ½ mile east of Wible Rd.

Property profile

Verified
Property type Land
Lot 73 ac (3,179,880 SF)

Cap rate & NOI

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

Location

24065 Millux Rd Bakersfield, CA 93311
Bakersfield 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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