$12,950,000
4873 Gladding Rd, Lincoln, CA 95648
Fall Run Ranch — 3,135± Acre Legacy Ranch with Water Rights
3 Bed · 2 Bath · 2,750 Sq Ft
A working agricultural estate with water, infrastructure, and conservation protection.
3
Beds
2
Baths
2,750
Sq Ft
1920
Built
3,135 acres
Lot
No attached garage; multiple equipment barns and storage buildings
Garage
About 4873 Gladding Rd
Fall Run Ranch is a rare, operable legacy property offered in its entirety — approximately 3,135 acres of productive land located north of Lincoln, California, with a substantial water package and operational infrastructure. Listed at $12,950,000, the ranch features 6.75 CFS of Nevada Irrigation District irrigation rights, nearly 2.5 miles of year‑round Raccoon Creek frontage, and three year‑round storage ponds that support waterfowl habitat and stockwater needs. The foothill topography, restored pastures, and vernal-pool habitats form a landscape that has been actively managed and improved for long‑term ranching.
The improvements are significant for a property of this scale: multiple barns and feeding barns, corrals and loading chutes, an equipment barn with dual roll-up doors, and an electrified shop with concrete floors for maintenance and storage. The listing references four homes on the property; the MLS main residence is recorded as a comfortable 3 bedroom / 2 bath house (≈2,750 sf, originally built 1920) and is supported by outbuildings and fenced pastures designed for livestock operations.
A recorded conservation easement secures the ranch as an open, working agricultural property while allowing 57.14 acres of designated building envelopes, including 20 acres planned for a potential boutique livestock processing facility. Recent stewardship work includes extensive riparian fencing, removal of diversions from Raccoon Creek, development of off‑creek stockwater facilities, and conversion of a defunct orchard back to natural pasture — actions that improve water quality and grazing management while enhancing long-term ecological value.
Location-wise, Fall Run Ranch balances remoteness and accessibility: it sits roughly 1.65 miles north of Lincoln Regional Airport and is about a 45‑minute drive to central Sacramento. For buyers seeking a long-term agricultural investment, an operational ranch with immediate production potential, or a conservation-forward legacy property, Fall Run Ranch stands out as a singular offering in Placer County.
Home Highlights
Property Features
Interior Features
- Primary residence: 3 beds, 2 baths, ~2,750 SF (per MLS)
- Historic farmhouse character with practical living spaces (updates unknown — verify)
- Multiple additional residences on the property (four homes referenced in listing)
Exterior & Lot
- Approximately 3,135 acres (136,560,600 sq ft)
- 6.75 CFS Nevada Irrigation District water rights
- ~2.5 miles of year-round Raccoon Creek frontage
- Three year-round storage ponds; vernal pool habitats
- Multiple barns, feed structures, electrified shop with concrete floor, equipment sheds, corrals and loading chutes
Location & Neighborhood
- 1.65 miles to Lincoln Regional Airport
- ~45-minute drive to Sacramento
- Surrounded by ranches, open space, and low-density residential tracts
- Placer County jurisdiction; agricultural zoning with a conservation easement
Walkability & Recreation
- Walkability Rating: 12/100
- Immediate access to private ranch trails and creek corridors
- Nearby regional recreation: hunting, fishing, birding, and equestrian activities
Neighborhood & Location
This parcel sits in a rural, agricultural section north of Lincoln characterized by large ranches, seasonal wetlands and riparian corridors. The nearby Lincoln Regional Airport and the downtown Lincoln services are within easy driving distance, while the surrounding area remains predominantly open space and working agricultural parcels.
Market Insights
Large ranch and agricultural land in Placer County trade on water rights, infrastructure, and easement status rather than strictly per-acre comparables. The Lincoln area continues to see population growth as exurban demand increases; however, a recorded conservation easement constrains subdivision upside and narrows the buyer pool to operators, conservation buyers, and specialty investors. Median single-family prices in Lincoln have been modestly appreciating (low-single digits annually) but ranch values are driven by scarcity of water-secured parcels. Expect a specialized marketing process to reach qualified ranch operators and institutional buyers. Price reflects the premium for an established water package, substantial improvements, and protected land status.
Nearby Schools
Twelve Bridges Elementary
Elementary · ≈6 mi
Twelve Bridges Middle School
Middle · ≈6-8 mi
Lincoln High School
High · ≈7-9 mi
Walkability & Recreation
Exceptional access to on-site creek corridors, ponds and open pasture for hunting, birding, equestrian and fishing activities; regional outdoor recreation within short drive.
Investment Highlights
- Extensive water package: **6.75 CFS** of Nevada Irrigation District supply and three year-round ponds.
- Significant permanent water feature: ~2.5 miles of year‑round Raccoon Creek frontage.
- Operational infrastructure: multiple barns, feed barns, equipment barn with roll-up doors, electrified shop, corrals, loading chutes.
- Conservation easement with **57.14 acres** of building envelopes preserves agricultural use while allowing strategic building
- Proximity to Lincoln Regional Airport (~1.65 miles) and Sacramento (~45 min) — balance of remoteness and access
Key Findings
- Property size: approximately **3,135 acres** (136,560,600 sq ft).
- List price: **$12,950,000**; MLS AVM ~**$12.56M**.
- Main residence on file: **3 bed / 2 bath / 2,750 sf** (built 1920).
- Multiple agricultural improvements and four homes reported; full inventory should be verified during inspection.
- Conservation easement restricts subdivision but allows defined building envelopes including a 20‑acre parcel for a processing facility.
Things to Consider
- Conservation easement terms and restrictive covenants may limit future development and highest-and-best-use options.
- Water rights take priority in valuation — verify water delivery contracts, historical usage, and any liens or encumbrances.
- Large asset with niche buyer pool — liquidity may be limited and time-on-market extended for full-price offers.
- Operational readiness depends on condition of equipment, fencing, and buildings — capital expenditures may be required.
Opportunity Analysis
Acquire a protected, income-capable agricultural estate with significant water rights and operational infrastructure that preserves long-term scarcity value in a fast-growing Placer County market. Ideal for an operator, conservation-minded buyer, or investor seeking land with durable natural capital.
Potential Use Scenarios
- For owner-operator: continue livestock/agricultural operations while leveraging building envelopes for operational improvements (processing facility).
- For investor: evaluate conservation and environmental credit programs, lease potential for hunting/eco-tourism, or long-term hold for land appreciation constrained by easement.
- Negotiate contingencies tied to verification of water rights, easement allowances, and title/environmental matters.
Risk Factors
- Easement-imposed limitations on subdivision or non-agricultural uses.
- Potential seasonal and regulatory restrictions around vernal pools and riparian zones.
- Market illiquidity for large ranch parcels.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$11500K
Midpoint
$12650K
High
$13800K
$4709/SF estimated price per square foot
Estimate anchored to the MLS list price of **$12,950,000** and the AVM. Adjusted for acreage (3,135± acres), water rights (6.75 CFS), conservation easement constraints, and on-site operational improvements. No live comp search performed; values are directional.
As of 2026-03-13
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Placer County, including Lincoln, has been one of the faster growing counties in the Sacramento region. Growth pressure increases land value, but conservation easement limits residential subdivision potential.
Nearby Points of Interest
- Lincoln Regional Airport (≈1.65 mi)
- Downtown Lincoln (≈6-8 mi)
Large agricultural landscape with year-round creek, multiple ponds, and proximity to Lincoln Regional Airport. Regional access to Sacramento (~45-minute drive) and the greater Sacramento employment market.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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