Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ridgecrest Infill Lot For Sale Title is generated by Realmo AI

    1024 W Langley Ave, Ridgecrest, CA 93555

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    0.14 AC infill lot near businesses and amenities.

    Type:Land
    Lot size:
    0.14 Acres
    Added:
    Oct 9, 2024
    Days on Market:
    606
    Last Refresh:
    May 12 at 10:12 pm

    Property Features for 1024 W Langley Ave

    General Information

    Standard status
    Active
    Lot size
    0.14 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jared Ennis
    Jared Ennis

    Listing agent Jared Ennis License #CA

    Listing office C21 Commercial

    Listing date Oct 9, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of C21 Commercial

    HighLights

    • Seller financing available with only 10% down.
    • Located in central Ridgecrest near businesses, developments, Kerr McGee Youth Sports Complex, and Faller Elementary School.
    • Utilities available: Sewer, Natural Gas, Water (Indian Wells Valley Water District), and electric pole on property.
    • Paved road frontage and easy access to Highway 395 (1.2 miles).
    • Surrounded by newer homes (2020 & 2021 construction) indicating pride of ownership in the area.
    • Close proximity to Ridgecrest Plaza Shopping Center and retail amenities.

    Overview

    This is a 0.14 AC (6,105 SF) infill lot located in central Ridgecrest, situated near existing businesses and developments. It is within walking distance of the Kerr McGee Youth Sports Complex and Faller Elementary School. The lot is located between two homes constructed in 2020 and 2021. The property features paved road frontage from the south. An electric pole is located on the northern rear edge of the property. Sewer and natural gas are available. Water is available via the Indian Wells Valley Water District. A walking path is located within the neighborhood. The property is easily accessible from Upjohn Avenue and is within 1.2 miles of Highway 395. It is also minutes from Ridgecrest Plaza Shopping Center and various retail amenities.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Spa & Massage Center Building Supply Gym & Fitness Center Daycare Center Auto Repair Shop Kitchen & Bath Showroom Big Box & Wholesale Store Department Store Hotel & Motel Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgecrest
    County
    Kern
    State
    California
    Longitude
    -117.6909964
    Latitude
    35.6137825

    Nearby Similar for Sale

    • $1,200,000
      11,694 SF

      Former Bank Building in Ridgecrest

      Prime commercial property in central Ridgecrest, suitable for various uses.
      101 W Ridgecrest Blvd, Ridgecrest, CA 93555
      View Details
    • $375,000
      2,700 SF

      Industrial Building with Storage Space

      2,700 sq ft industrial building with additional storage.
      1014 Kyle Ct, Ridgecrest, CA 93555
      View Details
    • $395,000
      3,266 SF

      Ridgecrest Triplex with Garage

      Three-unit property in Northwest Ridgecrest with garages and updated features.
      1000 Perdew Ave, Ridgecrest, CA 93555
      View Details
    • $560,000
      2,580 SF

      Ridgecrest Triplex: Income Potential

      Modern triplex in Ridgecrest Heights with strong income potential.
      915 W Dolphin Ave, Ridgecrest, CA 93555
      View Details
    • $249,000
      1,672 SF

      Ridgecrest Income-Producing Duplex For Sale

      Income-producing duplex in a strong rental market near Naval base.
      640 Commercial Ave, Ridgecrest, CA 93555
      View Details
    • $339,900
      1,800 SF

      Remodeled Duplex in Ridgecrest

      Newly remodeled, fully occupied duplex with income potential.
      123 Richmond, Ridgecrest, CA 93555
      View Details
    • $199,950
      1,802 SF

      Duplex with Indoor Laundry Rooms

      Two-unit duplex offers indoor laundry with extra storage and back patios, with one unit updated and the other vacated.
      736 Commercial, Ridgecrest, CA 93555
      View Details
    • $375,000
      2,553 SF

      Ridgecrest Triplex: Income Potential

      Income-producing triplex in Ridgecrest with strong rental performance.
      200` W Robertson, Ridgecrest, CA 93555
      View Details
    • $300,000
      2,379 SF

      Fully Leased Ridgecrest Triplex

      Triplex with strong rental history, fully leased, great investment.
      602 Commercial Ave, Ridgecrest, CA 93555
      View Details
    • $89,000

      Ridgecrest Commercial Land Opportunity

      0.7 acres of commercial land on Ridgecrest Blvd for sale.
      Ridgecrest Blvd., Ridgecrest, CA 93555
      View Details
    • $159,950

      Ridgecrest Commercial Properties For Sale

      Three prime commercial properties available in the heart of Ridgecrest.
      1411, 1421 & 1433 N. Downs Street, Ridgecrest, CA 93555
      View Details
    • $389,000
      3,900 SF

      Ridgecrest Commercial Building For Sale

      Commercial building on China Lake Blvd, close to China Lake.
      1501 N China Lake, Ridgecrest, CA 93555
      View Details

    FAQs

    What type of property is this?
    Land - 0.14 AC infill lot near businesses and amenities.
    Where is this land located?
    The property is located at 1024 W Langley Ave Ridgecrest, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Seller financing available with only 10% down.; Located in central Ridgecrest near businesses, developments, Kerr McGee Youth Sports Complex, and Faller Elementary School.; Utilities available: Sewer, Natural Gas, Water (Indian Wells Valley Water District), and electric pole on property.
    (559) 359-4035 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jared Ennis
    Jared Ennis
    Real Estate License ID: CA
    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

    Thank You for Inquiry
    1024 W Langley Ave, Ridgecrest, CA 93555
    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!