Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mariposa Land with River View Title is generated by Realmo AI

    2397 Parmabelle, Mariposa, CA 95338

    View on Map
    Claim this Listing
    New
    For Sale
    $109,000

    LAND - Mariposa, CA

    Type:Single Family Residence
    Lot size:
    1.39 Acres
    Added:
    May 26, 2026
    Days on Market:
    6
    Last Refresh:
    May 31 at 9:06 pm

    Property Features for 2397 Parmabelle

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    015302005
    Lot size
    1.39 Acres

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Rene Christenson
    Rene Christenson

    Listing agent Rene Christenson License #01443089

    Listing office Century 21 Ditton Realty 40307 Highway 41, CA

    Listing date May 26, 2026

    MLS# 649439 Listing URL

    Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.39+/- acre parcel in the desirable Ponderosa Basin community.
    • Overlooking the scenic East Fork of the Chowchilla River.
    • Serene setting with towering pine trees and majestic oaks.
    • Close proximity to hiking trails and 4WD roads.
    • Conveniently located near the historic town of Mariposa for shopping and dining.
    • Easy access to Yosemite National Park and surrounding recreation areas.

    Overview

    This 1.39+/- acre parcel is located in the Ponderosa Basin community. The property overlooks the East Fork of the Chowchilla River. Towering pine trees and majestic oaks are present on the land. The location is suitable for a mountain retreat, vacation getaway, or full-time residence. Nearby hiking trails and 4WD roads provide opportunities for outdoor activities in the Sierra foothills and surrounding wilderness. The historic town of Mariposa, offering local shopping, dining, and Gold Rush history, is located nearby. Yosemite National Park and surrounding recreation areas are within easy reach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Hotel & Motel (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mariposa
    County
    Mariposa
    State
    California
    Longitude
    -119.735304
    Latitude
    37.468162

    Nearby Similar for Sale

    • $2,300,000

      1532-Acre Ranch Near Yosemite Airport

      Unique aviation-access ranch near Yosemite with open meadows and panoramic views.
      1532 CYA Road -Acres, Mariposa, CA 95338
      View Details
    • $849,500
      4,500 SF

      Versatile Multi-Tenant Commercial Property

      Income-producing property with retail, office, or service use potential.
      5024 State Highway 140, Mariposa, CA 95338
      View Details
    • $599,000
      2,772 SF

      Highway Frontage Office Building

      Office building with highway frontage in historic Mariposa, California.
      5079 State Highway 140, Mariposa, CA 95338
      View Details
    • $595,000

      Yosemite's Edge: 51-Acre Wilderness

      51 acres near Yosemite with infrastructure and panoramic views.
      5314 Wilderness View Drive, Mariposa, CA 95338
      View Details
    • $129,900

      Sierra Foothill Land Near Yosemite

      8.88 acres near Yosemite, ready for development.
      4260 Burl Drive, Mariposa, CA 95338
      View Details
    • $185,000

      Mariposa Land Ready For Home

      5.3-acre parcel with utilities, garden, and outbuildings near Yosemite.
      3279 Quail Run Road, Mariposa, CA 95338
      View Details
    • $329,000
      1 SF

      Highway 49 Commercial Land Opportunity

      2.31-acre commercial lot with utilities and development potential.
      5348 State Highway 49, Mariposa, CA 95338
      View Details
    • $499,000

      Large Acreage with Mountain Views

      617.86+/- acres with stunning mountain top views near Yosemite.
      6894 State Highway 49 N, Mariposa, CA 95338
      View Details
    • $399,000
      1,104 SF

      Commercial Land in Mariposa

      2.25 acres with general commercial zoning and utilities.
      4975 Miller, Mariposa, CA 95338
      View Details
    • $55,000

      Mariposa Buildsite with Public Water

      0.41-acre buildsite with public water near Yosemite.
      7083 Hites Cove Rd, Mariposa, CA 95338
      View Details
    • $1,199,000

      Sierra Foothill Legacy Property

      471-acre property near Yosemite with creek, pond, and meadows.
      471 Hwy 49N Ac -, Mariposa, CA 95338
      View Details
    • $150,000

      Scenic Land in Sierra Foothills

      18.08 acres with mountain views near Yosemite.
      18 Unassigned Usona Rd., Mariposa, CA 95338
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.39 acre parcel with scenic views near Yosemite.
    Where is this residential land & home lot located?
    The property is located at 2397 Parmabelle Mariposa, CA.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: 1.39+/- acre parcel in the desirable Ponderosa Basin community.; Overlooking the scenic East Fork of the Chowchilla River.; Serene setting with towering pine trees and majestic oaks.
    (559) 683-7653
    We can help!
    Listing Contact
    Rene Christenson
    Rene Christenson
    Real Estate License ID: 01443089
    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
    2397 Parmabelle, Mariposa, CA 95338
    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!