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Property profile & analytics
OFF-MARKET
Refrigerated & Cold Storage

1930 Lemon Ave Patterson, CA 95363

566,760 SF Built 2020
Entity Owned 10-yr Hold
Property ID
US10-2824213
Property summary
AI-generated overview

This exceptional 566,760-square-foot facility, built in 2020, is a fully operational hydroponic grow and processing center located at 1930 Lemon Ave, Patterson, CA 95363. The property includes a 1528,768-square-foot state-of-the-art greenhouse designed for optimal hydroponic lettuce cultivation, ensuring consistent, high-quality yields. A substantial 29,086-square-foot cold storage facility maintains optimal freshness and extends shelf life, meeting stringent temperature and humidity control standards. Efficient processing is ensured by a 16,031-square-foot packaging area equipped with advanced technology for washing, cutting, bagging, and robotic palletizing. The property also features 12,875 square feet of office space for administrative functions and employee support. The facility is 100% organically certified, producing ready-to-eat lettuce packs. Its strategic location near Modesto and Tracy, CA, provides easy access to major transportation routes and distribution hubs serving national companies like Amazon, Costco, and Safeway. The property is vacant and offered at $22,500,000, representing a significant discount from construction and replacement costs. The permitted zoning is Agricultural, and the APN is 047-010-017-000. This turnkey operation presents a unique opportunity for investors seeking entry into the high-demand organic produce market. The property is ready for immediate occupancy.

Property profile
Verified
Property type Refrigerated & Cold Storage
Year built 2020
Total area 566,760 SF
APN 047-010-017-000
UPID US10-2824213
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Go Green Norcal LLC · 10 yrs held
Go Green Norcal LLC
since 2016
4 recorded transactions
2024
Price N/A
2020
Price N/A
2018
Price N/A
2016
$675,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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