4635 Renfro Dr - Specialty FOR SALE


Kelseyville, CA 95451
$3,750,000 USD
707-433-8000
4635 Renfro Dr, Kelseyville, CA for Sale
$3,750,000 USD
Specialty - FOR SALE
1/18
null | 12.43% Cap Rate

4635 Renfro Dr
Kelseyville, CA 95451


OVERVIEW

This 31-acre vineyard in the Big Valley District AVA of Lake County is a cash cow with a projected cap rate of over 12% for 2024. The vineyard was planted with premium Sauvignon Blanc in 2018 and 2019, and it boasts impressive yields of 350 tons in 2023, over 11 tons per acre. 2024 is set to surpass last year's performance with projections close to 12-13 tons per acre. With this year's current grape contracts and expected yield, the vineyard is set to gross annual income over $620,000, making it a highly lucrative investment. Enrolled in the California Certified Sustainable Vineyard program, the vineyard practices environmentally friendly and sustainable farming. The estate is well-equipped with two agricultural wells, ensuring efficient irrigation throughout the growing season. Also, it includes a comfortable 2,000 sq ft primary home, ideal for additional income or on-site living, along with a large agricultural barn and horse riding arena. With young vines, a trending varietal, and high yields, this property offers an unbeatable combination for agricultural cash flow in the North Coast

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$1,875 USD /SF

CAP RATE

12.43%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

High-Yield Vineyard for Sale in Lakeport, CA

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

45.57 AC

LAND SF

1,985,029 SF

ZONING

APZ

APN/PARCEL ID

008-036-320-000

ASK ABOUT THIS PROPERTY

Tom LarsonLuxe Places International RealtyMore Info
707-433-8000

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Tom LarsonLuxe Places International RealtyMore Info
707-433-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.