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    The Largest CRE Database in the US with Over 1 Million Listings

    Mark Mihalik, Yucca Valley, CA

    License ID: 02033510
    The Glen Realty
    Association
    Joshua Tree Gateway Association Of Realtors

    Contact details

    Phone:
    (760) 365-3328
    Office Address:
    7343 Avalon Ave, Yucca Valley, CA, 92284

    Performance

    Listings
    13

    Listings

    For Sale (13)

    View map
    • $235,000

      Land For Sale

      Land available for purchase.
      62570 Turtle Rd, Joshua Tree, CA 92252
      View Details
    • $739,000

      Land For Sale

      Land available for sale.
      1961 Vis Palisades Dr, Palm Springs, CA 92262
      View Details
    • $45,000

      Yucca Valley Land For Sale

      Land available in Yucca Valley, California.
      57215 Buena Vista Dr, Yucca Valley, CA 92284
      View Details
    • $48,750

      Land For Sale

      Land available for sale.
      12 Casa Loma Rd, Desert Hot Springs, CA 92240
      View Details
    • $64,899

      Land For Sale

      Land available for sale.
      1234 Ivanhoe Dr, Yucca Valley, CA 92284
      View Details
    • $30,900

      5-Acre Land Near Joshua Tree

      Expansive land near Marine Base and Joshua Tree National Park.
      1234 Decker, 29 Palms, CA 92277
      View Details
    • $51,900

      Land For Sale

      Land available for sale.
      72979 Valle Vista Rd, Twentynine Palms, CA 92277
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      1234 Buena Vista Dr, Twentynine Palms, CA 92277
      View Details
    • Contact for pricing

      Land Near Joshua Tree Park

      2.15-acre property near Marine Base and Joshua Tree National Park.
      1234 Encanto Dr, 29 Palms, CA 92277
      View Details
    • Contact for pricing

      California Desert Land Opportunity

      10-acre desert parcel with utilities available.
      1234 El Paseo Dr, Twentynine Palms, CA 92277
      View Details
    • Contact for pricing

      California Desert Land Opportunity

      10-acre desert parcel for sale in California.
      1234 Taco Dr, 29 Palms, CA 92277
      View Details
    • $46,900

      10 Acres Mojave Desert Land

      Two parcels totaling 10 acres in 29 Palms, CA.
      1142 Samarkand Dr, 29 Palms, CA 92277
      View Details
    • $79,500

      Land for Sale

      Land available for sale.
      1102 Samarkland Dr, 29 Palms, CA 92277
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Mark Mihalik, Yucca Valley, CA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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