Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Highway 138 And Oasis Road Pinon Hills, CA 92372

    View on Map
    Claim this Listing
    Picture of Commercial land at Highway 138 And Oasis Road, Pinon Hills, CA
    For Sale
    $419,900

    LAND - Pinon Hills, CA

    Lot size:
    15.14 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    98
    Last Refresh:
    Apr 30 at 5:06 pm

    Property Features for Highway 138 And Oasis Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PH/CG
    Standard status
    Active
    APN
    3067-091-15
    Lot size
    15.14 Acres

    Utilities

    Sewer type
    None

    We can help!

    Listing Contact
    James Baker
    James Baker

    Listing agent James Baker License #00975357

    Listing office James Baker Realty, Inc. 41715 Stratford Circle, Palmdale, CA

    Listing date Jan 22, 2026

    MLS# 26000817 Listing URL

    Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pinon Hills Commercial Land Opportunity

    This 15.14-acre commercial land is located at the northeast corner of Highway 138 and Oasis Road in Pinon Hills, CA. The property is zoned PH/CG (Pinion Hills/General Commercial). The zoning requires a minimum of 5 acres with a floor-to-area ratio of 0.50/1. The site features paved frontage on three sides. Potential uses, subject to minor, conditional, or special use permits, include a recycling center, mini storage, adult business, equestrian facility, fitness center, places of worship, schools, sports facility, theater, auto/vehicle sales, bar/tavern, building/landscape material sales, convenience store, grocery store, manufactured home/boat/RV sales, nightclub, restaurant, cafe, coffee shop, service station, second-hand store, pawn shop, cemetery, child care center, equipment rental, office/professional services, lodging/motel/hotel, swap meet, auction yard, and broadcasting. The property offers visibility and traffic from Highway 138.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pinon Hills
    County
    San Bernardino
    State
    California
    Longitude
    -117.641763
    Latitude
    34.440198

    Nearby Similar for Sale

    • $44,999

      Pinon Hills Land Opportunity

      2.5 acres of desert land with mountain views.
      2 Wintergreen Rd, Pinon Hills, CA 92372
      View Details
    • $44,999

      Pinon Hills Land Opportunity

      2.5 acres of desert land with mountain views.
      1 Wintergreen, Pinon Hills, CA 92372
      View Details
    • $120,000

      Pinon Hills Land with Views

      Residential land with utilities and panoramic views.
      0 Sunnyslope, Pinon Hills, CA 92372
      View Details
    • $420,000

      Expansive Land Parcel in Pinon Hills

      40-acre parcel in Pinon Hills with development potential.
      2525 Goss, Pinon Hills, CA 92372
      View Details
    • $375,000

      20-Acre Vacant Land Parcel

      20-acre vacant lot in Pinon Hills with mountain and desert views.
      0 Hwy 138 Lot 02, Pinon Hills, CA 92372
      View Details
    • $464,000

      Pinon Hills Vacant Land Parcel

      29.25-acre vacant lot with mountain and desert views.
      0 Hwy 138 Lot 06, Pinon Hills, CA 92372
      View Details
    • $75,000

      Pinon Hills 10-Acre Parcel

      10-acre residential land in Pinon Hills, build your dream home.
      0 Evergreen, Pinon Hills, CA 92372
      View Details
    • $95,000

      Pinon Hills Vacant Land

      2.1 acres of residential land with mountain and city views.
      Valley Ct, Pinon Hills, CA 92372
      View Details
    • $130,000

      40 Acres in Pinon Hills

      40 acres of land with development potential in San Bernardino.
      0 Minero Rd, Pinon Hills, CA 92372
      View Details
    • $80,000

      Pinon Hills Corner Lot

      1.56 acre corner lot with mountain and desert views.
      0 Mountain Road, Pinon Hills, CA 92372
      View Details
    • $80,000

      Vacant Land in Pinon Hills

      2.4 acres of vacant land in a growing desert community.
      0 Mountain, Pinon Hills, CA 92372
      View Details
    • $150,000

      Pinon Hills Land For Sale

      9.17 acre lot with existing mobile home.
      12452 Golden View, Pinon Hills, CA 92372
      View Details

    FAQs

    What type of property is this?
    Commercial land - 15.14 acres of commercial land at Highway 138.
    Where is this commercial land located?
    The property is located at Highway 138 And Oasis Road Pinon Hills, CA.
    What is the asking price?
    The asking price for this property is $419,900.
    What are key features of this property?
    This property features: 15.14 Acres of Land on Prime NE Corner of HWY 138 and Oasis Road; Zoned PH/CG (Pinion Hills/General Commercial) - Rare Zoning Opportunity; Extensive Paved Frontage on Three Sides
    (661) 816-3395
    We can help!
    Listing Contact
    James Baker
    James Baker
    Real Estate License ID: 00975357
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!