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    OFF-MARKET
    Land

    99 Of Hwy, Gridley, CA 95948

    203.54 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 203.54-acre commercial property, located west of Highway 99 near Gridley, California, presents a lucrative investment opportunity in Butte County's renowned agricultural region. The land is comprised of three parcels (APN# 022-210-081, 022-210-083, and 022-210-071), totaling 57.16 acres, 144.04 acres, and 2.34 acres respectively. Currently cultivated with a high-yielding mix of walnut and almond orchards, the property boasts impressive production history. The orchard includes 55 acres of Chandler walnuts (15-20 years old, 30x30 micro-sprinklers), 35 acres of Solano walnuts (8 years old, 27x27 solid set), and 44 acres of Independence walnuts (2 years old, 16x22 solid set). An additional 60 acres of land are prepared for planting. Historical yield data demonstrates significant returns, with notable production figures for both Solano and Chandler walnuts in 2019, 2020, and 2021. The property benefits from exceptional water resources, including two deep wells (one 50 hp producing approximately 1300 gpm and a new 100 hp well with VFD producing 2700 gpm) and full surface water rights from the Butte Water District, utilizing three ditch lift pumps. Irrigation is via solid-set sprinklers for the Solano and Independence varieties. On-site improvements include a large wood barn for equipment storage. The asking price is $5,658,412, or $27,800 per acre. Detailed soil reports are available upon request. This property offers a compelling combination of established production, ample water resources, and significant growth potential.

    Property profile
    Verified
    Property type Land
    Lot 203.54 ac (8,866,202 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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