Veltrie Almond Orchard & Ranch

Location: From Red Bluff, travel 12 miles south on I-5. Take Gyle Rd exit 636. Travel east on Gyle Rd for 2 miles, then south on State Highway 99W. Drive 1.2 miles and turn east on Orangewood Road. Continue 2.5 miles and turn north on Hall Rd. Travel 0.5 miles and the Ranch entrance is on the westside of the road. The address is 24186 Orangewood Road, Corning, CA 96021.

Almonds: 172 +/- acres planted to almonds. Most of the orchards were planted in 2015 with just 28 +/- acres planted in 2017. Varieties are 67% Nonpareil, 17% Monterey and 17% Aldrich. Tree spacing is 14’ X 21’, 148 trees per acre. The tree stand is nearly 100% with replants made timely and doing well. 2025 production was 2,048 meat pounds per acre. The (3) year average annual production is 2,055 meat pounds per acre.

Water: Irrigation water is provided by (2) agricultural wells. The primary well is located near the solar array, equipped with 100 Hp electric turbine pump and VFD electric panel. The other irrigation well is located north of the main home east of the Tehama Colusa Canal and equipped with an electric submersible pump. Water for the homes and farmstead is provided by 6” cased PVC well drilled in 2020, completed to 235’ and equipped with electric submersible pump.

Irrigation: Water is delivered to orchard via above ground tubing and micro-sprinklers between each tree.

Solar: This property boasts (2) solar arrays, a ground mount and roof mount with battery backup on the main home. The ground mount array consists of 324 panels (370 watt) and 3 – 56 watt inverters. The roof mount array is complete with battery backup.

Soils: Per Natural Resources Conservation Service, the soils are mostly rated Class 2 and 3. 25% of the soils are Class 2. The remaining soils are class 3 & 4 soils. Topography is level to undulating.

Zoning: Tehama County Assessor Parcel Numbers 067-252-017 (191.46 acres) and 067-252-018 (10.00 acres). The property is zoned AG-2, 20 acre minimum. The parcels are not enrolled in the Williamson Act aka Ag Preserve. Landlord share of property tax is $16,460 per year.

Home: Located north of the farm headquarters is a 1984 built 2-story 2,080 sqft home with 3 bedrooms, 2 bathrooms. It has a concrete perimeter foundation and composition roof and split air conditioning unit. It features a large great room and covered back porch facing the west. The 22’ x 26’ detached garage has covered breezeway leading to the home. This home also has roof mounted solar array plus battery backup. The upstairs bedroom with potential bathroom is unfinished. The home will require some updating.

Guest House: At the farm headquarters is a 624 sqft home, 1 bedroom and 1 bathroom. It has a concrete perimeter foundation, composition roof with propane appliances and split air conditioning unit. The home has partial wrap-around decking with raised garden beds towards the back of the house.

Outbuildings: Shop: 30’ x 60’, 1,800 sqft., metal siding and roof, wood frame, concrete floor, with (2) rollup doors, various work benches and 110 power. Equipment-Hay Barn: 45’ x 98’, 4,410 sqft., metal siding with north face open, metal roof, wood framing, gravel floor. Fuel Shed: 14’ x 21’, 294 sqft., metal siding and roof, wood frame, concrete flooring, two fuel tanks and work benches. Horse Facilities: Several wood framed shelters with fenced turnouts.

Lease: Commencing on January 1, 2015, an experienced local almond grower leased the farmland and developed the almond orchard, drilled 1 of 2 irrigation wells and installed the ground mount solar array. Tenant pays orchard cultural costs plus property taxes on Tenant installed improvements. Tenant pays Landlord 12% of gross almond sales. The initial lease term continues to and including December 31, 2039. Tenant has five (5) separate and consecutive options to extend the term of the lease, each such option be for and extended term of one (1) year.

Crop: Seller’s 12% Landlord’s share of the 2026 almond crop is included in the sale provided escrow closes prior to July 1, 2026.

First Refusal: Per lease terms, Tenant has both the Right of First Offer and First Refusal and First Right of Refusal. At this time, Tenant has not indicated any interest to purchase the property. Upon Landlord notice to Tenant of a Bonafide Purchase Offer, Tenant shall have twenty (20) days to match that offer.

Mineral Rights: Oil, gas and minerals rights owned by Seller are included in the sale.

Depreciation: Improvements such as the trees, wells, irrigation systems, farm buildings, and solar array’s, may offer deprecation advantages to a prospective Buyer.

Comments: This opportunity is well suited for a Buyer seeking to diversify their investments by purchasing quality farmland planted to producing almonds with good well water and leased by an experienced local farmer.

Listing Price: $1,735,000, cash to Seller

Showing: Do not disturb Occupants. Showing appointments required with 24 hours’ notice. Listing Broker must accompany all showings.