Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Iconic Pearsonville Racetrack Opportunity Title is generated by Realmo AI

    236 Pearson, Pearsonville, CA 93527

    View on Map
    Claim this Listing
    New
    For Sale
    $1,600,000

    COMMERCIAL - Pearsonville, CA

    Property size:
    14,400 SF
    Lot size:
    72.90 Acres
    Price / SF:
    $111/SF
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 2:06 pm

    Property Features for 236 Pearson

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Multi-Commercial & Open S
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    037-190-21-00, 037-1
    Size
    14,400 SF
    Lot size
    72.90 Acres

    Building Details

    Year built
    1994
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Christine Lyster

    Listing agent Christine Lyster License #01884903

    Listing office Keller Williams Realty 723 N China Lake Blvd., Ridgecrest, CA

    Listing date May 29, 2026

    MLS# 2608523

    Copyright © 2026 Southern Sierra MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 72.90 acres of commercially zoned land with Highway 395 frontage.
    • 14,400 sqft metal building with two bathrooms and two industrial roll‑up loading doors.
    • Exceptional visibility and accessibility on Highway 395.
    • Endless potential for business, recreation, industrial use, events, tourism, or future development.
    • Fully fenced property.
    • Iconic Pearsonville Racetrack with a long‑standing local history and heritage.

    Overview

    This offering presents a rare opportunity to own the iconic Pearsonville Racetrack, a landmark in the Indian Wells Valley. The property, known to locals, travelers, racers, and desert enthusiasts, is positioned along Highway 395. The bulk-sale offering includes 72.90 acres of commercially zoned and open land, suitable for business, recreation, industrial use, events, tourism, or future development. The property features a 14,400 sqft metal building, complete with two bathrooms and two industrial roll-up loading doors, with infrastructure to support large-scale operations. The property is fully fenced and offers visibility and accessibility from a major California highway connecting Southern California to the Eastern Sierra. Pearsonville Racetrack represents decades of memories, tradition, and local heritage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Race tracks

    Map

    City
    Pearsonville
    County
    Kern
    State
    California
    Longitude
    -117.8719688
    Latitude
    35.803702

    Nearby Similar for Sale

    • $330,000

      Pearsonville Desert Land Parcel

      Expansive desert land parcel in Pearsonville, California.
      Pearson Road, Pearsonville, CA 93527
      View Details
    • $330,000

      Expansive Desert Land Parcel

      110.93 acres in Pearsonville, CA, ideal for recreation.
      Pearson Rd, Pearsonville, CA 93527
      View Details
    • $672,700

      Pearsonville Vacant Land Opportunity

      217-acre vacant land suitable for solar farm or cannabis cultivation.
      0000 Highway 395, Pearsonville, CA 93545
      View Details
    • $129,000

      28.33 Acres with Billboard Income

      28.33 acres with income-producing billboards and cannabis potential.
      11 Sterling Rd, Pearsonville, CA 93527
      View Details

    FAQs

    What type of property is this?
    Race track - 72.9 acres with 14,400 sqft building on Highway 395.
    Where is this race track located?
    The property is located at 236 Pearson Pearsonville, CA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 72.90 acres of commercially zoned land with Highway 395 frontage.; 14,400 sqft metal building with two bathrooms and two industrial roll‑up loading doors.; Exceptional visibility and accessibility on Highway 395.
    (760) 793-4124
    We can help!
    Listing Contact
    Christine Lyster
    Real Estate License ID: 01884903
    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

    Thank You for Inquiry
    236 Pearson, Pearsonville, CA 93527
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!