Add Listing
    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

    4292 Davis Ranch Road Phelan, CA 92371

    View on Map
    Claim this Listing
    For Sale
    $1,547,000

    Land/Lot - Phelan, CA

    Lot size:
    5,224,586.40 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 24 at 6:06 pm

    Property Features for 4292 Davis Ranch Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RC
    Exterior features
    Community Features Included: Horse Trails, Biking, Hiking, Blm/National Forest, Suburban
    Standard status
    Active
    APN
    0351121240000
    Lot size
    5,224,586.40 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Sturdevant

    Listing agent John Sturdevant License #01193545

    Listing office Regency Real Estate Brokers 25950 Acero Ste 100, Mission Viejo, CA

    Listing date Mar 5, 2026

    MLS# OC26048689 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.

    Overview

    Phelan Land with National Forest Access

    This 119.94-acre land parcel, formerly the Davis Ranch established in 1919, is located north of Highway 138 and west of I-15, behind the "Mormon Rocks" in West Cajon Valley, Phelan, San Bernardino County. The property offers privacy and access to over 2,000 acres of National Forest. The seller indicates the land previously accommodated 4 homes and a clubhouse, and featured a 235-foot deep well with a 1.5 hp pump, yielding a 20 to 25 gallon per minute flow with an 8" casing and an 80-foot water table. The seller also states water rights extend to over 2,000 acres of National Park watershed in the canyon north of the Ranch. Power access is available, with visible power lines crossing the property. The current zoning is RC, allowing for a variety of uses as defined by the County of San Bernardino. The parcel includes numbers 035112125 (55 Acres), 035112124 (47.5 Acres), 035112135 (8.99 Acres), and 035112134 (8.45 Acres).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Phelan
    County
    San Bernardino
    State
    California
    Longitude
    -117.509
    Latitude
    34.4336

    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
    • $49,999

      Residential Lot in Phelan, CA

      2.5 acre residential lot for sale in San Bernardino County.
      Olivera Road, 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
    • $149,900

      Phelan Land Ready to Develop

      Five acres of flat, fenced land with utilities available.
      6982 South 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
    • $249,900

      Phelan Vacant Land with Solar

      Nearly 20 acres in Phelan with paid-off solar panels.
      15803 Paramount, Phelan, CA 92371
      View Details
    • $219,900

      Phelan Land with River Access

      9-acre Phelan property with commercial zoning and river access.
      5202 La Mesa Road, Phelan, CA 92371
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 119.94 acres near Hwy 138 with potential water rights.
    Where is this agricultural land / farmland located?
    The property is located at 4292 Davis Ranch Road Phelan, CA.
    What is the asking price?
    The asking price for this property is $1,547,000.
    What are key features of this property?
    This property features: 119.94 Acres adjacent to 2,000+ acres of National Forest with deeded access to Hwy 138, offering privacy and recreational opportunities.; Established Ranch (former Davis Ranch, est. 1919) with potential for restoration/development.; Existing Well (235 ft deep, 1.5 hp pump, 20‑25 GPM flow) and water rights to 2,000+ acres of National Park watershed.
    (949) 584-5619
    We can help!
    Listing Contact
    John Sturdevant
    Real Estate License ID: 01193545
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!