Sibbett Ranch
Redwood Valley, CA | Offered at $2,395,000 | KEVINMPROPERTIES.COM Presented By Kevin McDonald
Sibbett Ranch Pr o f i t ab l e Vi n eyar d Op p o r t u n i t y
An incredible opportunity to take advantage of above average historic yields with contracts in place and multiple abundant water sources. Offered at $2,395,000 KEVINMPROPERTIES.COM
Kevin McDonald Sales Associate DRE# 01944953 Sotheby's International Realty Wine Country Office kevin.mcdonald@sothebys.realty 707.391.3382 | KEVINMPROPERTIES.COM
While information in this Memorandum has been obtained from reliable sources, it is not guaranteed to be accurate or complete. Prospective Parties are encouraged to investigate all information and details contained within for accuracy.
Sibbett Ranch Abundant water and a history of quality farming practices make the Sibbett Ranch a productive and profitable vineyard asset. Located with central proximity to Highway 101 in Mendocino County, the approximately 90-acre offering is flanked by the West Fork of the Russian River. The vineyard is comprised of roughly 60 acres, planted to Merlot and Chardonnay. The vineyard has shown a historic 15-year average yield of 7 tons per acre. Availability of water from multiple sources, including an lined off-stream reservoir, state licensed water right on Forsythe Creek, productive ag well, district ag water and perfected riparian rights from the West Fork of the Russian River, have been instrumental in maintaining yields through recent drought years. Existing fruit contracts, create built-in profit. Ag support structures include a shop and pump house. Split zoning and multiple legal parcels, offer additional development opportunities. The Sibbett Ranch is a complete and well-rounded farming operation, poised for continued profitability.
Property Details -
8000 N East Rd. Redwood Valley, CA 95470
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Assessor Parcel Numbers 166-040-01-00, 163-210-11-00, 166-010-02-00, 166-010-01-00, 166-040-02-00 and 165-100-07-00.
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Total Acreage is 90.5 +/ - Acres
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61.17 +/ - Acres Planted to Vineyard
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Sustainably Certified Under Lodi Rules Program
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29.68 +/ - Acres of Riparian and Surplus Land
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AG 40 Zoning (Agricultural 40-acre minimum parcel size zoning) and RR2 Zoning (Rural Residential 2-acre minimum parcel size zoning)
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22-Acre Foot Lined Off-Stream Reservoir
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West Fork Russian River and Forsythe Creek Frontage
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Riparian and Appropriative Water Rights
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6,500 Square Foot Ag Support Shop
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Pump House
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Close Proximity to HWY 101 and HWY 20
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PG&E Power
While information in this Memorandum has been obtained from reliable sources, it is not guaranteed to be accurate or complete. Prospective Parties are encouraged to investigate all information and details contained within for accuracy.
Vineyard The vineyard at the Sibbett Ranch was planted in the fall of 1997 by the current ownership. The ranch includes 61.17 +/- total acres under vine, with 39.64 +/acres planted to Chardonnay and 21.53 +/- acres planted to Melort. The vineyard shares two distinct soil profiles. Pinole Loam is present on the eastern edges of the ranch, creating the ideal profile for the Merlot Blocks. Closer to the River and the confluence of the two waterways, shallow Feliz Loam over alluvial deposits create a perfect medium for the Chardonnay. The clones were sourced from Duarte Nursery. The Chardonnay is planted on a combination of 5BB and 110R Rootstalk, and the Merlot is planted soley on 5BB Rootstock. Modern vineyard spacing of 8' X 6' and 8' X 7' can be found throughout the vineyard. Vertical Shoot Positioning (VSP) trellis system, with unilateral and bi-lateral cordon training accommodates modern mechanical farming practices. Drip irrigation is utilized, as well as overhead sprinklers for frost protection. The Sibbett Ranch touts a 15-year average of 7 tons per acre. The fruit is currently under contract with Duckhorn and Bogle Vineyards. With two years remaining on the existing contracts, a new owner is well positioned for success. Additional vineyard information can be found on the following pages.
While information in this Memorandum has been obtained from reliable sources, it is not guaranteed to be accurate or complete. Prospective Parties are encouraged to investigate all information and details contained within for accuracy.
Vineyard Blocks Block
Variet al
Clone
Spacing
Vine Count
Acres
B
Merlot
3
8'X6'
3,506
3.86
C
Merlot
3
8'X6'
3,968
4.37
D
Merlot
3
8'X6'
7,809
8.60
E
Merlot
3
8'X6'
3,430
3.78
F
Merlot
3
8'X6'
831
0.92
H
Chardonnay
76
8'X6'
2,903
3.20
I
Chardonnay
76
8'X6'
3,423
3.77
J
Chardonnay
76
8'X6'
3,974
4.38
K
Chardonnay
4
8'X7'
3,901
5.02
L
Chardonnay
4
8'X7'
3,373
4.34
M
Chardonnay
4
8'X7'
5,284
6.79
N
Chardonnay
4
8'X7'
8,261
10.62
O
Chardonnay
4
8'X7'
1,007
1.29
P
Chardonnay
4
8'X7'
178
0.23
Tot al
51,84 8
61.17
H
I
B
J
K
C
P N
L D
O M E While information in this Memorandum has been obtained from reliable sources, it is not guaranteed to be accurate or complete. Prospective Parties are encouraged to investigate all information and details contained within for accuracy.
Historic Yields Year
Tons Chardonnay
Tons Merlot
Tons Per Acre Chardonnay
Tons Per Acre Merl ot
2008
218.01
180.36
5.49
8.22
2009
286.00
160.50
7.20
7.32
2010
371.78
177.49
9.36
8.09
2011
171.06
143.00
4.31
6.52
2012
319.34
211.82
8.04
9.65
2013
331.28
195.86
8.34
8.93
2014
294.54
162.14
7.42
7.39
2015
243.87
177.02
6.14
8.07
2016
292.63
213.26
9.88
9.72
2017
316.69
189.18
7.97
8.62
2018
343.99
190.13
.8.66
8.67
2019
297.84
178.44
7.50
5.86
2020
295.25
172.35
7.43
5.66
2021* *
130.99
86.66
3.30
3.96
2022* *
198.19
129.18
4.99
5.91
2023
283.02
131.57
7.14
6.11
Chardonnay 16-Year Average Tons
Merlot 16-Year Average Tons
274 .65
168.69
Chardonnay 16-Year Average Tons Per Acre
Merlot 16-Year Average Tons Per Acre
7.0 7
7.4 2
* * Statewide enforced water curtailment
While information in this Memorandum has been obtained from reliable sources, it is not guaranteed to be accurate or complete. Prospective Parties are encouraged to investigate all information and details contained within for accuracy.
Financial Considerations Income Chardonnay
$411,975
Gross Revenue
$ 64 8.14 1
Tot al Expense
($ 351,0 65.88)
274.65 Tons @ $1,500* Vineyard Prof it Merlot
$ 297,0 75.12
$236,166 Taxes
168.69 Tons @ $1,400* Gross Revenue
$ 64 8,14 1
Expense Dump Fees
$231.76
Electricity
$12,168.57
Equipment Repair
$7,978.96
Fees and Licensing
$1,184.39
Gas and Diesel
$14,705.75
General
$323.01
Payroll Taxes Estimate
($41,660.45)
Property Taxes Estimate* *
($21,000.00) Net Prof it
$ 234 ,4 14 .67
Investment Opportunity
Harvest Expense
$26,360.98
Insurance
$14,664.57
Irrigation Water
$3,412.26
Legal Fees
$652.00
A solid history of profitability and the ability to depreciate the asset, make the Sibbett
Ranch Supplies
$9,417.88
Ranch an attractive investment opportunity.
Spray and Fertalizer
$35,163.51
Cultivation (Labor)
$4,775.50
Equipment Repair (Labor)
$8,559.00
General (Labor)
$12,502.50
Harvest (Labor)
$10,417.00
Irrigation (Labor)
$14,486.00
Pruning (Labor)
$26,639.79
Spray (Labor)
$8,763.00
Vine Care (Labor)
$77,499.00
The Sibbett Ranch provides an investment opportunity to generate a 10% return on invested capital. Even in the current interest rate environment, consistent yields and existing contracts deliver sufficient income to service debt and still deliver stable returns.
The Sibbet Ranch has been farmed by the current ownership since planted and expenses are based off of actual expenses for the 2022 growing season. * Income has been determined by applying 15-year average yields to the current contract prices for the fruit, at $1,500 for the Chardonnay and $1,400 for the Merlot. * * Property Taxes are based on a purchase at asking price with an estimated Williamson Act Discount applied.
Tot al Expense
$ 351,0 65.88 While information in this Memorandum has been obtained from reliable sources, it is not guaranteed to be accurate or complete. Prospective Parties are encouraged to investigate all information and details contained within for accuracy.
Water and Water Rights Water goes hand in hand with quality and yields in most farming operations. With the ever present
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threat of drought and water curtailment in California, availability of water has never been more important. The current ownership of the Sibbett Ranch has gone through great lengths to ensure
delivering 500 Gallons Per Minute. Charter Membership -
multiple quality water sources are available. The ranch includes four reliable sources of water capable of sustaining farming operations through less than abundant water years.
Redwood Valley Water District Agricultural Water Service with Four Inch Main and Valve, State Approved Storage Permit to store water in the off-stream lined reservoir with 22-acre foot capacity
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State Approved Riparian Water Rights to pump from the West Fork of the Russian River throughout the entire year, conditioned upon flow rates of 95 cubic feet per second from USGS flow meter. California Fish and Wildlife 1600 permit for diversion site
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State Licensed Appropriative Water Right from Forsythe Creek
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Agricultural Well, approximatley 180' deep and producing 100 to 150 gallons per minute
Aerial Map
While information in this Memorandum has been obtained from reliable sources, it is not guaranteed to be accurate or complete. Prospective Parties are encouraged to investigate all information and details contained within for accuracy.
Location: Redwood Valley, CA
Redwood Valley
Redwood Valley is a bucolic community, located roughly 2 hours north of the Bay Area on the Highway 101 corridor in Mendocino County. Originally settled by Italian and Finnish Imagrants, the valley lends itself well to agricultural activities. For nearly 100 years, wine grapes have been grown locally, mainly reds varietals, such as Zinfandel and Cabernet Sauvignon. The slightly higher elevation of the valley and cooling coastal gaps, can lead to a slightly cooler and advantageous growing conditions for many crops in comparison to the warmer and nearby Ukiah Valley. Redwood Valley is made up of smaller rural parcels, combined with large ranches. Its proximity to Highway 101, the services of Ukiah and beautiful natural surroundings make it an ideal place to call home in Northern California.
While information in this Memorandum has been obtained from reliable sources, it is not guaranteed to be accurate or complete. Prospective Parties are encouraged to investigate all information and details contained within for accuracy.
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