3840 Orcutt Garey Rd - Dierberg Ranch
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3840 Orcutt Garey Rd - Dierberg Ranch
206 Acres of Commercial Land Offered at £8,176,918 in Santa Maria, CA 93454
Investment Highlights
- Rare opportunity to purchase irrigated farmland in the Santa Maria Valley, known for good water
- In the Ag Preserve (Williamson Act) resulting in favorable property taxes
- High rental income for agricultural property
Executive Summary
Formerly a vineyard, the Property is now currently farmed to vegetable crops. Historic crop production includes broccoli, strawberries, peppers, squash and peas. There is an existing lease in place with a grower that started farming the Property in March of 2023. The lease is for 160 acres at $2,800 per acre annually with a provision to reduce rent by 3% for timely payment. Therefore, annual farming rent is $434,560. The lease terminates 12/31/25. The lease includes the use of an 1,800 s.f. metal building and yard area. Additionally there is a five bedroom/four bath house that is leased to a special needs care facility which has been leasing the property since 1996,and brings in $97,896 rent annually, bringing in a total annual income of $532,456.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | £8,176,918 | Property Type | Land |
| Sale Type | Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 206.00 AC |
| Price | £8,176,918 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 206.00 AC |
1 Lot Available
Lot
| Price | £8,176,918 | Lot Size | 206.00 AC |
| Price Per AC | £39,694 |
| Price | £8,176,918 |
| Price Per AC | £39,694 |
| Lot Size | 206.00 AC |
The Property consists of about 206 acres, and is comprised of three Assessors Parcels, including two legal parcels. There is approximately 160 acres that are leased for farming operations and about five acres that contain the residential rental.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,191,978 (2023) | |
| Land Assessment | £1,052,983 (2023) | Total Assessment | £2,244,961 (2023) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,052,983 (2023)
Improvements Assessment
£1,191,978 (2023)
Total Assessment
£2,244,961 (2023)
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3840 Orcutt Garey Rd - Dierberg Ranch
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