Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    263-196-02 Steensen St Lake Isabella, CA 93240

    Sponsored
    For Sale
    Contact for pricing

    Single Family Lot - Lake Isabella, CA

    Lot size:
    0.20 Acres
    Days on Market:
    61
    Last Refresh:
    Jan 31 at 11:06 pm

    Property Features for 263-196-02 Steensen St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    APN
    263-196-02
    Exterior features
    Corner Lot, View of Mountains
    Lot size
    0.20 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rebecca L. Starr-Harris

    SOUTHERN SIERRA PROPERTIES (760) 376-4485

    Listing agent Rebecca L. Starr-Harris (760) 376-4485 License #01891918

    Listing date Dec 2, 2025

    MLS# 2607817 Listing URL

    Copyright © 2026 Southern Sierra MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lake Isabella Corner Lot

    This corner lot in Lake Isabella offers mountain views. The unimproved parcel provides a setting with paved road access. It is located minutes from local schools, shopping, dining, and other essentials. This lot is suitable for building a getaway, an investment property, or a future home in the Kern River Valley. The lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lake Isabella
    County
    Kern
    State
    California
    Longitude
    -118.4778736
    Latitude
    35.6103381

    Nearby Similar for Sale

    • $185,000
      2,000 SF

      Versatile Commercial Property with Highway Frontage

      High-visibility commercial property in Mountain Mesa with income-generating potential.
      12604 Mountain Mesa Rd, Lake Isabella, CA 93240
      View Details
    • New
      $197,000
      1,400 SF

      Lake Isabella Commercial Live/Work Opportunity

      C2-zoned commercial property with retail frontage and separate residence.
      3925 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • $319,000
      1,725 SF

      Lake Isabella Commercial Live/Work Property

      C-2 zoned commercial property with live/work setup and highway visibility.
      3700 Suhre St, Lake Isabella, CA 93240
      View Details
    • $315,000
      1,470 SF

      Lake Isabella Commercial Property For Sale

      Prime commercial property in Lake Isabella, business ready and like new.
      12304 Mountain Mesa Rd, Lake Isabella, CA 93240
      View Details
    • $325,000
      1,760 SF

      Lake Isabella Commercial Building For Sale

      Modern, custom-built office building with versatile C2 zoning and expansion potential.
      3700 Golden Spur St, Lake Isabella, CA 93240
      View Details
    • $1,350,000
      2.90 Acres

      Historic Lake Isabella Motel Opportunity

      17-unit motel with owner's quarters, pool, and expansion potential.
      400 Ca-155, Lake Isabella, CA 93240
      View Details
    • $135,000
      3,200 SF

      Lake Isabella Commercial Building For Sale

      Four-unit commercial building with versatile usage potential in a growing community.
      12600 Mountain Mesa Rd, Lake Isabella, CA 93240
      View Details
    • $199,000
      1,200 SF

      Retail Building on Lake Isabella

      Retail building for sale with boulevard frontage and parking.
      5416 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • $82,500
      1,464 SF

      Turn-Key Home with Mountain Views

      Immaculate 2-bedroom home with mountain views, close to Lake Isabella.
      2807 Erskine Creek Rd, Lake Isabella, CA 93240
      View Details
    • $319,000

      Commercial Property with Live/Work Setup

      C-2 zoned commercial property with live/work setup and highway visibility.
      3700 Suhre St, Lake Isabella, CA 93240
      View Details
    • $1,498,000
      3,500 SF

      Lake Isabella Motel For Sale

      17-room motel with potential for redevelopment on 2.9 acres.
      400 155 Hw, Lake Isabella, CA 93240
      View Details
    • $354,995

      Lake Isabella Commercial Opportunity

      Restaurant and bar with high visibility on Lake Isabella Blvd.
      3700 Lake Isabella Blvd, Lake Isabella, CA 93205
      View Details

    FAQs

    What type of property is this?
    Land - Corner lot with mountain views, ideal for building.
    Where is this land located?
    The property is located at 263-196-02 Steensen St Lake Isabella, CA.
    What is the asking price?
    The asking price for this property is $13,000.
    What are key features of this property?
    This property features: - Desirable corner lot location.; - **Enjoy beautiful mountain views.**; - Paved road access.
    (760) 417-0947
    Request Owner's contact information
    263-196-02 Steensen St Lake Isabella, CA 93240
    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.
    263-196-02 Steensen St
    Lake Isabella, CA 93240
    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
    263-196-02 Steensen St Lake Isabella, CA 93240
    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

    We can help!
    Listing Contact
    Rebecca L. Starr-Harris
    Real Estate License ID: 01891918
    (760) 417-0947
    Learn more
    Google sign-in failed. Please try again or use another login method.