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    OFF-MARKET
    Commercial real estate

    3515 Yosemite Ave, Merced, CA 95340

    51.3 ac lot
    Entity Owned 5-yr Hold
    Property ID
    US09-2248153
    Property summary
    AI-generated overview

    This exceptional agricultural property encompasses approximately 51.3 assessed acres located at 3515 E Yosemite Ave, Merced, CA 95340, just two miles from UC Merced. The land boasts approximately 44 acres of productive 5th and 6th leaf Nonpareil and Monterey almond trees. Irrigation is provided by the Merced Irrigation District (MID), with water currently priced at $50 per acre-foot. A new well, drilled in 2018 (12’ casing, 480’ deep, bowl set at 420’, water depth at 104’), supplements the MID water supply. The property includes two homes. The first, located at 3515 E. Yosemite Avenue, is a remodeled 1,556 sq. ft. home featuring three bedrooms and two bathrooms, along with a remodeled shop and hay barn. The second home, situated at 2831 Crown Road, is also a remodeled three-bedroom, two-bathroom residence, complete with a shop and a 210’ domestic well (set at 180’, static water at 98’). Both homes were completely remodeled in 2019 and 2020 respectively. Merced County APNs are 238-010-008 and 238-010-002. Detailed soil information is available upon request. The property is subject to the Sustainable Groundwater Management Act (SGMA), with potential future limitations on groundwater pumping. Please note that the seller may require additional time after escrow closes for property vacancy. Asking price is $6,000,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 51.3 ac (2,234,628 SF)
    APN 238-010-008 & 002
    UPID US09-2248153
    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
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    Blend (final) Blend
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    Owner & transaction history
    Rascal Creek Farms LLC · 5 yrs held
    Rascal Creek Farms LLC
    since 2021
    5 recorded transactions
    2021
    2020
    2019
    2018
    2018
    $995,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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