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 Market113
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: Aug 16
Last Checked: Aug 31 at 6:54PM
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.
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
$57,698
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
3.43%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Questions? Ask Rey
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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.
