2
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0 Ca-247
About This Property
Positioned in a region ideal for large-scale solar energy production, this property is exceptionally well-suited for developers seeking to capitalize on California's aggressive renewable energy goals and growing demand for clean power. With abundant sunshine, wide-open terrain, and significant acreage, the site offers the scale and exposure necessary for a utility-scale solar farm capable of generating substantial long-term revenue through energy production and potential power purchase agreements.
Beyond renewable energy, the property also presents an incredible opportunity for future master-planned community development, private ranch estates, or land banking as surrounding areas continue to grow and infrastructure expands.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Listed by Bankers Realty Exclusive, Inc. | $2,560,000 | |
| Listed by Bankers Realty Exclusive, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017