Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Phelan Land Parcel For Sale Title is generated by Realmo AI

    12956 Sheep Creek Road, Phelan, CA 92371

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 12956 Sheep Creek Road, Phelan, CA
    For Sale
    $450,000

    Land/Lot - Phelan, CA

    Lot size:
    1,742,400.00 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    113
    Last Refresh:
    May 26 at 7:06 pm

    Property Features for 12956 Sheep Creek Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RL
    Exterior features
    Community Features Included: Biking, Mountainous, Stable(s), Rural
    Standard status
    Active
    APN
    3098081020000
    Lot size
    1,742,400.00 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    Stable(s)

    We can help!

    Listing Contact
    Jim Suh

    Listing agent Jim Suh License #01081452

    Listing office Lucky Realty 10223 Phelan Rd., Oak Hills, CA

    Listing date Feb 2, 2026

    MLS# HD26024386 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 40‑acre parcel
    • Potential for subdivision
    • Waterline access on Sheep Creek Rd
    • Located in Snow Line School District
    • Rural setting
    • Suitable for stables

    Overview

    This large parcel of land is located in Phelan, California. The property spans 40 acres and is zoned RL. The waterline is located on Sheep Creek Road. The property is located within the Snow Line School District. The property can be used as one large parcel or subdivided to build multiple homes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Gym & Fitness Center Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phelan
    County
    San Bernardino
    State
    California
    Longitude
    -117.5734549
    Latitude
    34.4794141

    Nearby Similar for Sale

    • $399,000

      Phelan Commercial Land Opportunity

      2.54-acre commercial parcel in a high-growth corridor.
      4340 Phelan Rd #A-D Street, Phelan, CA 92371
      View Details
    • $300,000

      Commercially Zoned Land in Phelan

      5.67 acres of commercially zoned land in Phelan, CA.
      4044 Nielson Road, Phelan, CA 92371
      View Details
    • $2,698,000

      Phelan Land with Highway Frontage

      Nearly 142 acres in Phelan with Highway 138 frontage.
      5916 Hwy 138, Phelan, CA 92371
      View Details
    • $210,000

      Phelan Build-Ready 4-Acre Parcel

      Rare, fenced 4-acre parcel ready for your dream home.
      11149 Wilson Ranch, Phelan, CA 92371
      View Details
    • $1,299,000

      Undeveloped Land in Phelan, CA

      125.95 acres of undeveloped land in Phelan, California.
      0 Mesquite Street, Phelan, CA 92371
      View Details
    • $100,000

      Flat Land Ready to Build

      2.3 acres of flat land near Sheep Creek Road.
      17 Danbury, Phelan, CA 92371
      View Details
    • $75,000

      Phelan Commercial Land with Utilities

      Two-acre commercial land parcel with underground electricity in Phelan, CA.
      0 Mango, Phelan, CA 92371
      View Details
    • $230,000

      Phelan Land with Development Potential

      10-acre investment property in a growing Phelan community.
      0 Del Rosa Road, Phelan, CA 92371
      View Details
    • $125,000

      Phelan Land with Mountain Views

      5 acre corner lot with utilities and mountain views.
      8350 Cedar, Phelan, CA 92371
      View Details
    • $234,900

      Phelan Vacant Land with Solar

      Nearly 20 acres in Phelan with paid-off solar panels.
      15803 Paramount, Phelan, CA 92371
      View Details
    • $75,000

      Phelan Vacant Land Opportunity

      2.274 acres of vacant land in Phelan, CA.
      0 Bonanza, Phelan, CA 92371
      View Details
    • $225,000

      Expansive Land Parcel in Phelan

      Large Phelan parcel with development potential and mountain views.
      2025 Dos Palmas, Phelan, CA 92371
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large 40-acre parcel in Phelan, California, for residential development.
    Where is this residential land & home lot located?
    The property is located at 12956 Sheep Creek Road Phelan, CA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Large 40‑acre parcel; Potential for subdivision; Waterline access on Sheep Creek Rd
    (760) 880-1004
    We can help!
    Listing Contact
    Jim Suh
    Real Estate License ID: 01081452
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12956 Sheep Creek Road, Phelan, CA 92371
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!