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    Entitled Cannabis/Industrial Development Site Title is generated by Realmo AI

    11769 Auburn Avenue Adelanto CA, Adelanto, CA 92301

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    5-acre RTI-entitled development site for cannabis/industrial use.

    Type:Land
    Lot size:
    5.00 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    151
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 11769 Auburn Avenue Adelanto CA

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres
    Property subtype
    Land

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    Listing Contact
    Eric Girod

    Listing agent Eric Girod License #CA 00872949

    Listing office Eric Girod

    Listing date Jan 5, 2026

    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 Eric Girod

    HighLights

    • Fully entitled 5‑acre development site approved for a 79,808 SF cannabis/industrial facility.
    • Utilities (water, sewer, power) are already in place along the property frontage on Auburn Avenue.
    • Approved for phased construction, with Phase I including site preparation, building footings, utility lines, underground infrastructure, head house, and a 47,808 SF greenhouse.
    • Located just east of Highway 395 on Auburn Avenue, providing excellent regional access and visibility.
    • Buildings are permitted for a wide range of industrial uses beyond cannabis cultivation, providing flexibility.
    • Proposed 11.81‑acre Travel Center project planned immediately west of the property.

    Overview

    This 5-acre development site is located within the City of Adelanto’s #1 Priority Cannabis/Industrial Airport Development District. The property is zoned for industrial and cannabis uses and is entitled for a 79,808 SF cannabis cultivation / industrial facility. Situated just east of Highway 395 on Auburn Avenue, the site offers regional access and visibility. Public water, sewer, and power are located along the property’s frontage on Auburn Avenue. The development is approved for phased construction. Phase I includes site preparation, building footings, utility lines, and underground infrastructure, along with construction of a head house and a single-story greenhouse with grow areas and a ventilation chamber totaling 47,808 SF, supported by 37 on-site parking spaces. Phase I also includes off-site access and street improvements, on-site paving, loading areas, trash enclosures, landscaping, and all required access improvements, including ADA-compliant parking. Phase II includes additional site work and infrastructure, and the construction of a second head house and a single-story greenhouse totaling 32,000 SF, with 30 on-site parking spaces, including accessible parking. A recently proposed 11.81-acre Travel Center project is planned immediately west of the property. The proposed development includes a gas station and convenience store, a 3,400 SF restaurant, 10,500 SF of retail space, a 16,702 SF supermarket, an automated car wash, and a 68,054 SF, three-story hotel, along with multiple driveways on Auburn Avenue and substantial additional parking. The buildings are permitted for a wide range of industrial uses beyond cannabis cultivation. Auburn Avenue has recently been paved from Highway 395 to Adelanto Road.
    Location Intelligence

    Current Use by Public Records

    Cannabis Properties

    Suggested Use

    Restaurant Department Store Pet Store & Service Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Adelanto
    County
    San Bernardino
    State
    California
    Longitude
    -117.6037648
    Latitude
    34.5941857

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    FAQs

    What type of property is this?
    Industrial land - 5-acre RTI-entitled development site for cannabis/industrial use.
    Where is this industrial land located?
    The property is located at 11769 Auburn Avenue Adelanto CA Adelanto, CA.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: Fully entitled 5‑acre development site approved for a 79,808 SF cannabis/industrial facility.; Utilities (water, sewer, power) are already in place along the property frontage on Auburn Avenue.; Approved for phased construction, with Phase I including site preparation, building footings, utility lines, underground infrastructure, head house, and a 47,808 SF greenhouse.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Girod
    Real Estate License ID: CA 00872949
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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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    11769 Auburn Avenue, Adelanto, CA, Adelanto, CA 92301
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