1253 Lewiston Ave, Riverdale, CA 93656
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.