4635 Renfro Dr - High-Yield Vineyard for Sale in Lakeport, CA
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4635 Renfro Dr - High-Yield Vineyard for Sale in Lakeport, CA
2,000 SF Specialty Building Offered at $3,750,000 at a 12.43% Cap Rate in Kelseyville, CA 95451
Executive Summary
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
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,750,000 | Property Subtype | Winery/Vineyard |
| Price Per SF | $1,875 | Lot Size | 45.57 AC |
| Sale Type | Investment | Building Size | 2,000 SF |
| Cap Rate | 12.43% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1952 |
| Price | $3,750,000 |
| Price Per SF | $1,875 |
| Sale Type | Investment |
| Cap Rate | 12.43% |
| Property Type | Specialty |
| Property Subtype | Winery/Vineyard |
| Lot Size | 45.57 AC |
| Building Size | 2,000 SF |
| No. Stories | 1 |
| Year Built | 1952 |
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PROPERTY TAXES
| Parcel Number | 008-036-320-000 | Total Assessment | $319,860 (2023) |
| Land Assessment | $135,860 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $184,000 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
008-036-320-000
Land Assessment
$135,860 (2023)
Improvements Assessment
$184,000 (2023)
Total Assessment
$319,860 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | APZ ((Agricultural Preserve) - Allows all agricultural uses, including one dwelling, processing (wineries, packing sheds, etc.), and labor quarters.) |
| APZ ((Agricultural Preserve) - Allows all agricultural uses, including one dwelling, processing (wineries, packing sheds, etc.), and labor quarters.) |
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4635 Renfro Dr - High-Yield Vineyard for Sale in Lakeport, CA
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