Lucerne Valley Commercial Land
For Sale
$419,000
32405 State Highway 18, Lucerne Valley, CA 92356
2-acre commercial land with three rented residential buildings.
Property Size1,676 SF
Lot Size2.00 Acres
Price / SF$250
Days on Market613
Property Features for 32405 State Highway 18
General Information
Standard status
Active
Size
1,676 SF
Lot size
2.00 Acres
Listing Agency:
Ana Real Estate
1
Listed By:
An Thi Nguyen · License #00847066
1
Source:
Exprealty
Added: Nov 27, 2024
Changed: Jul 6
Last Checked: Jul 31 at 7:01PM
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 Ana Real Estate
Investment Insights
Based on property information with market context.
This 2-acre commercial property in downtown Lucerne Valley includes three separate buildings with sizes of 1,676 square feet, 936 square feet, and 740 square feet. All buildings are currently rented out as residential units. The property features its own well, and water is also available from a water company on the street. All utilities are available. The zoning is LV/CR - Rural Commercial.
Key Highlights
- 2‑acre downtown commercial property.
- Three separate buildings (1676sf, 936sf, 740sf) offer diverse rental opportunities.
- All buildings currently rented as residential properties, providing immediate income.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $17.16 |
| − Vacancy | −$1.8k | −$1.06 |
| EGI | $27.0k | $16.10 |
| − OpEx | −$12.1k | −$7.24 |
| NOI | $14.8k | $8.85 |
1,676 SF · lease $17.16/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$212.0K
$185.5K – $247.3K
NOI $14,837 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.5K
$309.3K – $412.5K
NOI $24,747 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 92356, CA
6,050
Population
3,053
Households
2
Avg Household Size
45
Median Age
15%
College-Educated
77%
High-School Grad
365.6 sq mi
ZIP Area
17
Density / Sq Mi
$46,625
Median Household Income
$33,144
Median Earnings
$1,138
Median Rent
$239,100
Median Home Value
Market
Properties on Market for Commercial land in San Bernardino County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2-acre commercial land with three rented residential buildings.
Where is this commercial land located?
The property is located at 32405 State Highway 18 Lucerne Valley, CA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 2‑acre downtown commercial property.; Three separate buildings (1676sf, 936sf, 740sf) offer diverse rental opportunities.; All buildings currently rented as residential properties, providing immediate income.
