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

    18351 Olov Rd Sonora, CA 95370

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $264,000

    Land in Sonora with potential for dream home construction.

    Added:
    Jun 19, 2025
    Days on Market:
    287
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 18351 Olov Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    TERRI ALLISON

    Listing agent TERRI ALLISON

    Listing office RE/MAX GOLD

    Listing date Jun 19, 2025

    Source Corcoran

    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 GOLD

    Overview

    Sonora Land with Breathtaking Views

    This property features over three acres of land located in Sonora. The site is situated in a desirable area and offers views. The property is suitable for residential construction, allowing for the development of a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop HVAC Service Storage Facility Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sonora
    County
    Tuolumne
    State
    California
    Longitude
    -120.345
    Latitude
    37.9583

    Nearby Similar for Sale

    • $120,000

      Prime Commercial Land in Sonora

      1.87 acres of commercial land in a growing area.
      20556 Columbia WAY, Sonora, CA 95370
      View Details
    • $1,188,000
      9,000 SF

      9,000 SF Building on 2.78 Acres

      9,000 SF building on 2.78 acres with development potential.
      20858 Mechanical Drive, Sonora, CA 95370
      View Details
    • $699,000
      4,000 SF

      High Visibility Commercial Building

      Versatile commercial building on Tuolumne Road with high-traffic exposure.
      14326 Tuolumne Rd, Sonora, CA 95370
      View Details
    • $1,350,000
      9,348 SF

      Sonora Office Buildings For Sale

      Three buildings with versatile spaces near Highway 49 and Downtown Sonora.
      21663 Brian Lane, Sonora, CA 95370
      View Details
    • $675,000
      4,731 SF

      Multi-Use Property with Commercial Kitchen

      Updated home and shop with certified commercial kitchen.
      13676 Tuolumne Rd, Sonora, CA 95370
      View Details
    • $149,000
      1,246 SF

      New Home in 55+ Community

      New 1,246 sqft home in Sonora's Cascade Estates.
      18330 Wards Ferry Road 25, Sonora, CA 95370
      View Details
    • $1,820,000
      4,872 SF

      Veterinary Property on Mono Way

      Veterinary clinic with boarding and equine services on 1.43 acres.
      14401 Mono Way, Sonora, CA 95370
      View Details
    • $725,000

      Prime Commercial Land in Sonora

      Highly visible parcel in Sonora's busy commercial corridor.
      1255 Mono Way, Sonora, CA 95370
      View Details
    • $799,000
      6,256 SF

      Downtown Sonora Commercial Building

      Commercial building with private parking in downtown Sonora, California.
      Shepherd Street, Sonora, CA 95370
      View Details
    • $599,000

      Land Parcel Near Sonora

      Land parcel suitable for homebuilders and developers.
      20000 Jamestown Rd, SONORA, CA 95321
      View Details
    • $1,150,000

      Sonora MHP Near Yosemite Park

      13-unit mobile home park with development parcel near Yosemite.
      21581 Phoenix Lake Rd, Sonora, CA 95370
      View Details
    • $899,000
      4,943 SF

      Well-Maintained 5-Plex Near Downtown Sonora

      Newer 5-unit apartment building in a desirable location.
      13079 Beckwith RD, SONORA, CA 95370
      View Details

    FAQs

    What type of property is this?
    Land - Land in Sonora with potential for dream home construction.
    Where is this land located?
    The property is located at 18351 Olov Rd Sonora, CA.
    What is the asking price?
    The asking price for this property is $264,000.
    What are key features of this property?
    This property features: Breathtaking views.; Three plus acres of land.; Located in the nicest area of Sonora.
    We can help!
    Listing Contact
    TERRI ALLISON
    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!