Mojave Hotel with Development
For Sale
Contact for pricing
16352 Sierra Highway, Mojave, CA 93501
Hotel property with redevelopment potential near Mojave Air & Spaceport.
Property Size9,527 SF
Price / SF$176.34
Days on Market159
Property Features for 16352 Sierra Highway
General Information
Standard status
Active
Size
9,527 SF
Total Parking Spaces
23
Property subtype
Hospitality
Zoning
C-2 PD HF
Building Details
Year Built
1990
Year Renovated
2001
Stories
2
Units
28
Listing Agency:
RE/MAX TriCity Realty
Listed By:
ASOK AGARWAL · License #01128935
Source:
Crexi
Added: May 12
Changed: Oct 3
Last Checked: Oct 16 at 7:57AM
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 RE/MAX TriCity Realty
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Investment Insights
Based on property information with market context.
Originally constructed in 1990, this property offers potential for updated reuse or continued hotel functionality. The site includes a swimming pool, high-speed internet, public Wi-Fi, and outdoor patio areas. There are 23 parking spaces available. The property is zoned C-2, allowing for potential value-add strategies, including renovation or conversion to serve specialized lodging needs. Its location provides direct connectivity to major highways, Mojave Air & Space Port, and solar power developments across Kern County. The property size is 9527 square feet. This asset offers investors the chance to capture consistent demand from regional infrastructure and employment projects while leveraging an optimal location.
Key Highlights
- Optimal location with direct connectivity to major highways, Mojave Air & Space Port, and Solar Power developments across Kern County.
- Zoned C‑2, allowing for potential value‑add strategies, including renovation or conversion to specialized lodging.
- 23 parking spaces, ensuring convenience for guests and operational flexibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,698
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,960
$1.2M
Cap Rate 7%
$824,257
$824.3K
Cap Rate 9%
$641,089
$641.1K
Market Conditions
NOI Build-Up for 9,527 SF
Gross rent
$142.9K $15.00/SF
− Vacancy
−$21.4K −$2.25/SF
EGI
$121.5K $12.75/SF
− OpEx
−$63.8K −$6.69/SF
NOI
$57.7K $6.06/SF
Area
Kern County, CA
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,960
Cap Rate 7%
$824,257
Cap Rate 9%
$641,089
Alternative Uses
Best Use
Hotel Hospitality
$824.3K
$721.2K – $961.6K
NOI $57,698 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.04M
$1.78M – $2.37M
NOI $142,467 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
212
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
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Frequently Asked Questions
What type of property is this?
Hotel - Hotel property with redevelopment potential near Mojave Air & Spaceport.
Where is this hotel located?
The property is located at 16352 Sierra Highway Mojave, CA.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Optimal location with direct connectivity to major highways, Mojave Air & Space Port, and Solar Power developments across Kern County.; Zoned C‑2, allowing for potential value‑add strategies, including renovation or conversion to specialized lodging.; 23 parking spaces, ensuring convenience for guests and operational flexibility.
