Mojave Hotel with Development
16352 Sierra Highway Mojave, CA 93501
16352 Sierra Highway, Mojave, CA, 93501
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For Sale
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Hotel property with redevelopment potential near Mojave Air & Spaceport.
Property Size9,527 SF
Price / SF$176.34
Days on Market67
Property Features for 16352 Sierra Highway
General Information
- Standard status
- Active
- Size
- 9,527 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1990
Listing Agency
RE/MAX TriCity Realty
Listed by
ASOK AGARWAL · License #01128935
Source
Crexi
Added: May 12 Checked: Jul 17 at 12:38 pm
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
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.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.9k | $15.00 |
| − Vacancy | −$21.4k | −$2.25 |
| EGI | $121.5k | $12.75 |
| − OpEx | −$63.8k | −$6.69 |
| NOI | $57.7k | $6.06 |
9,527 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Americas Best Value ...
Hotel & Motel
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FAQs
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.
