Property profile

12400 Pistachio Rd McFarland, CA 93250

OFF-MARKET
Land
Property ID
US09-3310182
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

This exceptional 160-acre agricultural property, located at 12400 Pistachio Road in McFarland, California (zip code 93250), presents a unique investment opportunity. The land is classified as both agricultural and manufacturing, offering versatile potential. Currently operating as a thriving pistachio farm, the orchard features the Golden Hills variety, planted with an 18ft x 16ft spacing and equipped with a single-line drip irrigation system. Approximately half of the trees were planted in 2018 and 2019, with the remaining half planted in 2020. The property boasts a robust water supply, thanks to a newly drilled 1200-foot well installed in 2018. The healthy, well-maintained orchard is situated in a prime location, just 20 miles north of Bakersfield Airport and a convenient 2.5 miles from Highway 65. The asking price for this remarkable property is $3,689,000. Seller financing options may be available. This is an excellent opportunity for investors seeking a productive agricultural asset with significant growth potential in Kern County's fertile agricultural region. The property's dual agricultural and manufacturing classification opens doors to a wide range of future development possibilities.

Property profile

Verified
Property type Land
UPID US09-3310182

Cap rate & NOI

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

Location

12400 Pistachio Rd McFarland, CA 93250
McFarland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2018
Price N/A
2018
$825,100

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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