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    OFF-MARKET
    Commercial real estate

    1253 Lewiston Ave, Riverdale, CA 93656

    4,396 SF 19.98 ac lot Built 1952
    Individually Owned 1-yr Hold
    Property ID
    US09-1641312
    Property summary
    AI-generated overview

    This 19.98-acre agricultural property in Riverdale, CA (Fresno County, zip 93656), presents a unique investment opportunity. The property includes a non-operational dairy farm with existing structures, offering potential for redevelopment or continued agricultural use. The main residence is a four-bedroom, two-bathroom house. Additionally, there are two three-bedroom, two-bathroom manufactured homes on foundations, and a two-bedroom, two-bathroom mobile home (not on a foundation). One home is currently occupied under a month-to-month lease; the others were recently occupied. The dairy infrastructure includes a barn and seven corrals. Two wells are on-site; one is operational, providing water to the entire property. The property is zoned for agricultural use (Ag) and has a total of 4 units. The asking price is $650,000, with a current NOI of $29,632 and a pro-forma NOI of $21,548. The property's total square footage is 4,396, with a net rentable area of 870,329 square feet. The current cap rate is 4.56%, with a pro-forma cap rate of 3.32%. The property is being sold "as is," and pest inspections are available. The APN is 05547052S. The property was built in 1952 and consists of five buildings, all one story. The price per acre is $32,533. The property is currently 25% occupied.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1952
    Total area 4,396 SF
    Lot 19.98 ac (870,329 SF)
    APN 05547052S
    UPID US09-1641312
    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
    Vieyra Solis Martin · 1 yrs held
    Vieyra Solis Martin
    since 2024
    2 recorded transactions
    2024
    $500,000
    2020
    $450,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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