Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land with Existing Well Title is generated by Realmo AI

    1 Jolon, Lockwood, CA 93932

    View on Map
    Claim this Listing
    For Sale
    $425,000

    9+ acre commercial land with well in Lockwood, California.

    Type:Commercial
    Lot size:
    9.00 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 10 at 9:15 am

    Property Features for 1 Jolon

    General Information

    Standard status
    Active
    Lot size
    9.00 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Timothy Ellis

    Listing agent Timothy Ellis License #01152831

    Listing office Oak Shores Realty

    Listing date Apr 10, 2026

    Source Elliman

    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 Oak Shores Realty

    HighLights

    • Over 9 acres of usable commercial land
    • Includes an already installed well, providing a reliable water source
    • Located in the heart of Lockwood, CA, at the corner of Jolon Rd and Interlake Rd
    • Presents an extraordinary opportunity for entrepreneurs with endless possibilities
    • Close proximity to Lake Nacimiento and San Antonio Lake
    • Near the historic Fort Hunter Liggett

    Overview

    This commercial property, situated at the corner of Jolon Road and Interlake Road in Lockwood, California, features over 9 acres of usable land. The property includes an installed well, providing a reliable water source. Nearby attractions include Lake Nacimiento, San Antonio Lake, and Fort Hunter Liggett. The location has a walk score of 0, indicating car dependence, and a bike score of 22, suggesting it is somewhat bikeable. This property presents opportunities for entrepreneurs.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lockwood
    County
    Monterey
    State
    California
    Longitude
    -121.0959907
    Latitude
    35.9087271

    Nearby Similar for Sale

    • $425,000
      30,000 SF

      Lockwood Commercial Land with Well

      9+ acre commercial property with well in Lockwood, California.
      1 Jolon, Lockwood, CA 93932
      View Details
    • $375,000

      161 Acres in Lockwood Valley

      161 acres near Lake San Antonio, suitable for homesteading.
      105 Paulsen Road, Lockwood, CA 94326
      View Details
    • $730,000

      144 Acre Ranch in Lockwood

      Beautiful 144 acre ranch with great potential.
      62700 Lockwood San Lucas, Lockwood, CA 93930
      View Details
    • $699,000

      Lockwood Recreational Ranch Opportunity

      480-acre ranch near Lake San Antonio, Monterey County.
      0 Jolon Road, Lockwood, CA 93932
      View Details
    • $890,000

      Expansive Lockwood Land with BLM Access

      322 acres in Lockwood Valley with recreational opportunities and building potential.
      67034 Paulsen, Lockwood, CA 93932
      View Details
    • $890,000

      Expansive Lockwood Valley Acreage

      322 acres in Lockwood Valley with recreational opportunities.
      67034 Paulsen, Lockwood, CA 93932
      View Details
    • $730,000

      144 Acre Ranch with Potential

      Beautiful 144-acre ranch ideal for country living.
      62700 Lockwood San Lucas, Lockwood, CA 93930
      View Details
    • $730,000

      144 Acre Ranch with Potential

      Beautiful 144-acre ranch with rolling hills and open meadows.
      62700 Lockwood San Lucas, Lockwood, CA 93930
      View Details
    • $525,000

      160 Acres in Lockwood, CA

      160-acre estate with potential for vineyard or equestrian retreat.
      0 Lockwood Road, Lockwood, CA 93932
      View Details
    • $499,000

      Expansive Lockwood Acreage for Sale

      160-acre property near Williams Hill Recreational Area with farmland.
      0 Giau Road, Lockwood, CA 93932
      View Details
    • $235,000

      160 Acres in Lockwood, CA

      160-acre recreational land with development potential near Lockwood community.
      160 NE Lockwood San Ardo Road, Lockwood, CA 93932
      View Details
    • $890,000

      Expansive Lockwood Valley Land Parcel

      322 acres of versatile land near recreation and amenities.
      67034 Paulsen, Lockwood, CA 93932
      View Details

    FAQs

    What type of property is this?
    Commercial land - 9+ acre commercial land with well in Lockwood, California.
    Where is this commercial land located?
    The property is located at 1 Jolon Lockwood, CA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Over 9 acres of usable commercial land; Includes an already installed well, providing a reliable water source; Located in the heart of Lockwood, CA, at the corner of Jolon Rd and Interlake Rd
    (951) 392-9179
    We can help!
    Listing Contact
    Timothy Ellis
    Real Estate License ID: 01152831
    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
    1 Jolon, Lockwood, CA 93932
    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!