Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mojave Land Parcel Investment Opportunity Title is generated by Realmo AI

    58 20th Street West, Mojave, CA 93501

    View on Map
    Claim this Listing
    For Sale
    $55,000

    Four adjoining parcels near Highway 58, Mojave Spaceport.

    Type:Lots and Land
    Lot size:
    10.00 Acres
    Added:
    Jan 28, 2024
    Days on Market:
    860
    Last Refresh:
    Mar 13 at 10:56 am

    Property Features for 58 20th Street West

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Lots and Land

    We can help!

    Listing Contact
    Ann Trussell
    Ann Trussell

    Listing agent Ann Trussell License #01101515

    Listing office HomeBased Realty

    Listing date Jan 28, 2024

    Source Compass

    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 HomeBased Realty

    HighLights

    • Four adjoining parcels totaling 10 acres.
    • Buildable, flat, and level land.
    • Investment potential at the end of Highway 58.
    • Easy access.
    • Includes parcels 235‑353‑14, 235‑353‑18, 235‑353‑24.
    • Located east of Mojave Spaceport and new solar fields.

    Overview

    This sale includes four adjoining parcels totaling 2.5 acres, spanning from 20th Street West to 23rd Street West. The property is located east of Mojave Spaceport and new solar fields, offering a clean area with easy access at the end of Highway 58. The land is flat, level, and buildable, presenting a potential investment opportunity. The parcel numbers included in the sale are 235-353-14, 235-353-18, and 235-353-24.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mojave
    County
    Kern
    State
    California
    Longitude
    -118.167554
    Latitude
    34.941021

    Nearby Similar for Sale

    • $2,211,625
      17,693 SF

      Mojave Industrial Warehouse with Offices

      17,693 SF M-2 warehouse with offices near railroad tracks.
      17012 Roper Street, Mojave, CA 93501
      View Details
    • $650,000
      3,863 SF

      Mojave Multifamily Investment Opportunity

      Eight-unit residential income property in Mojave, California, near Highway 14.
      16039 L Street, Mojave, CA 93501
      View Details
    • $350,000
      2,861 SF

      Mojave Commercial Property For Sale

      Multi-residential property, previously a place of worship, for sale.
      2069 Inyo Street, Mojave, CA 93501
      View Details
    • $650,000
      3,863 SF

      Mojave Multifamily Investment Opportunity

      Eight-unit residential income property with strong rental and value-add potential.
      16039 L, Mojave, CA 93501
      View Details
    • $85,000

      Mojave Land with Development Potential

      20.32 acres near Highway 14, ideal for investment.
      0 Trotter Avenue, Mojave, CA 93501
      View Details
    • $35,000

      Mojave Land Near Space Port

      1.84-acre light industrial land near Mojave Air and Space Port.
      20th St E, Mojave, CA 93501
      View Details
    • $800,000

      Mojave Land Parcel For Sale

      40.38 acres of land in Mojave, California.
      14200 Rutan Road, Mojave, CA 93501
      View Details
    • $18,888

      Mojave Commercial Land Opportunity

      2.42 acres of commercial land in Mojave, California.
      34621455000 Gibbs Avenue, Mojave, CA 93501
      View Details
    • $305,000
      1,056 SF

      Remodeled Mojave Duplex For Sale

      Remodeled duplex with expansion potential on a large lot.
      15820 N Street, Mojave, CA 93501
      View Details
    • $50,000

      Mojave Light Industrial Land

      10 acres of light industrial land near Mojave Air & Space Port.
      2000 E N/O Denise Ave, Mojave, CA 93501
      View Details
    • $500,000

      Productive Land in Mojave, CA

      20.32 acres of agricultural land with fruit trees.
      Sierra Hwy, Mojave, CA 93501
      View Details
    • $135,000

      Mojave Industrial Land For Sale

      2.5-acre industrial land parcel in Mojave, California.
      1 Lone Butte Rd, Mojave, CA 93501
      View Details

    FAQs

    What type of property is this?
    Land - Four adjoining parcels near Highway 58, Mojave Spaceport.
    Where is this land located?
    The property is located at 58 20th Street West Mojave, CA.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Four adjoining parcels totaling 10 acres.; Buildable, flat, and level land.; Investment potential at the end of Highway 58.
    (661) 713-2358
    We can help!
    Listing Contact
    Ann Trussell
    Ann Trussell
    Real Estate License ID: 01101515
    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
    58 20th Street West, Mojave, CA 93501
    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!