10141 Chevalier Rd Bakersfield, CA 93307
This exceptional 78.12-acre property in Bakersfield, CA, presents a unique investment opportunity. Currently planted with Nonpareil/Monterey almonds on Hansen rootstock (planted 2018 at 24' x 18' spacing), the orchard boasts excellent Grade 1 soils, ideal for continued agricultural use or redevelopment. The land features approximately 680 feet of frontage on CA-99, offering significant development potential, especially considering its location bordering Bakersfield's city limits and within its sphere of influence. The property is zoned AG and enjoys convenient access to major transportation arteries, including being approximately 105 miles from Los Angeles, 116 miles from Fresno, and 130 miles from the Port of Long Beach. Local amenities are also readily accessible, with proximity to the Bakersfield commuter rail (9.9 miles), Bakersfield airport (15 miles), Golden Valley High School (2.3 miles), and the Bakersfield (McKee Park and Ride) bus station (2.3 miles). Water resources are secured through the Kern Delta Water District and Kern River GSA, supported by a well with a 200 HP pump, a 75 HP lift pump, a district turnout, and a seven-sand media filter irrigation system. The orchard utilizes a dual-line drip irrigation system. The property's legal description includes Kern County APNs: 185-020-02-00-0 and 185-020-03-00-0. Potential investors should be aware of the Sustainable Groundwater Management Act (SGMA) and its implications for groundwater usage in the region. The asking price is $16,795,800.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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