Technical
Financial
Distress signals
Property profile

0 Palm Ave Wasco, CA 93280

OFF-MARKET
Land
236 ac lot
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Property summary

AI-generated overview

This exceptional 236-acre property, located north of the intersection of N Palm Avenue and Blankenship Avenue in Wasco, CA (west of Highway 43), presents a unique investment opportunity. The land comprises approximately 79 acres of Nonpareil/Monterey almond orchards and 157 acres of open land. Irrigation is supported by a 250 HP electric well equipped with a sand media filter and dual line delivery system (drip and micro-sprinkler). The northern 79.64 acres fall within the North Kern Water Storage District and its GSA, while the southern 156.36 acres are situated in the Pond Poso Improvement District and the Semitropic Water Storage District GSA. The property's legal description includes Kern County APNs: 059-210-45, 059-251-32, 059-251-28, and 059-251-31. Detailed soil information is available in separate soil map and description documents. Prospective 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 state website. This property offers significant potential for agricultural production and future development. The asking price is $5,000,000.

Property profile

Verified
Property type Land
Lot 236 ac (10,280,160 SF)

Cap rate & NOI

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

Location

Palm Ave Wasco, CA 93280
Wasco 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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