Single-Family Home with Updated
For Sale
$240,000
15957 K, Mojave, CA 93501
Mojave, CA
Property Size1,026 SF
Lot Size0.19 Acres
Price / SF$233.92
Days on Market92
Property Features for 15957 K
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Laundry Room, Bathroom 1, Bedroom 1, Kitchen, Bedroom 2
Fireplace
1
Lot features
Lot 6500-9999, Rectangular Lot, Level
Elementary school district
ABC Unified
Middle school district
ABC Unified
High school district
ABC Unified
Directions
14 FWY (Sierra Hwy) -north/ Cerro Gordo-east to K/ south to home.
Subdivision
MOJV - Mojave
Standard status
Active
APN
23621104009
Size
1,026 SF
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Evaporative Cooling
Water source
Public
Building Details
Year built
1914
Floors in Building
1
Number of units
1
Flooring type
Laminate
Listing Agency:
Century 21 Doug Anderson · Century 21 Real Estate
(661) 945-4521
Listed By:
Kirk Swirczynski · License #01280425
(661) 945-4521
Added: May 22
Changed: Aug 19
Last Checked: Aug 21 at 6:06PM
MLS# SR26111752
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-family home offers updated dual-pane windows, new flooring, and a remodeled bathroom that is in progress. The property is positioned for flexible use, with zoning that allows for commercial uses.
Located in Mojave, the home is described as a potential starter home or rental in the town near services. Buyers should verify all intended uses and zoning requirements with the appropriate local authorities prior to purchase.
Located in Mojave, the home is described as a potential starter home or rental in the town near services. Buyers should verify all intended uses and zoning requirements with the appropriate local authorities prior to purchase.
Key Highlights
- Year built 1914 with 2 bedrooms, kitchen, laundry room, and 1 bathroom
- Zoned for commercial uses
- Dual‑pane windows updated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,820
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$236,400
$236.4K
Cap Rate 7%
$168,857
$168.9K
Cap Rate 9%
$131,333
$131.3K
Market Conditions
NOI Build-Up for 1,026 SF
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.
Gross rent
$22.2K $21.60/SF
− Vacancy
−$671 −$0.65/SF
EGI
$21.5K $20.95/SF
− OpEx
−$9.7K −$9.43/SF
NOI
$11.8K $11.52/SF
Area
Kern County, CA
Vacancy
3.03%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$236,400
Cap Rate 7%
$168,857
Cap Rate 9%
$131,333
Alternative Uses
Best Use
Apartment 5plus
$168.9K
$147.8K – $197.0K
NOI $11,820 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$219.2K
$191.8K – $255.7K
NOI $15,343 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 93501, CA
5,772
Population
2,416
Households
2.4
Avg Household Size
35
Median Age
7%
College-Educated
74%
High-School Grad
222.0 sq mi
ZIP Area
26
Density / Sq Mi
$55,372
Median Household Income
$37,500
Median Earnings
$1,175
Median Rent
$183,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Single-family home in Mojave with updated dual-pane windows, new flooring, and a bathroom remodel in progress.
Where is this single family property located?
The property is located at 15957 K Mojave, CA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Year built 1914 with 2 bedrooms, kitchen, laundry room, and 1 bathroom; Zoned for commercial uses; Dual‑pane windows updated
