Sign Up Successful!
You now have access to more from Realmo!
    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

    24121 Lilac Rd Willits, CA 95490

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Wooded, sunny residential lot near amenities and recreational activities.

    Property Features for 24121 Lilac Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Clint Hanks
    Source: Corcoran

    Listing Agent: Clint Hanks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Brooktrails

    This residential lot, located in Brooktrails, offers a combination of wooded areas and sun exposure. The property is situated within a short distance of hiking trails, a golf course, and fishing opportunities. It is also conveniently located just a few minutes from town, where various services are available. Power is accessible at the lot line. Water and sewer hook-ups are available; prospective buyers should consult the Brooktrails Community Services District website for information on fees and Brooktrails Development Standards.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Accounting Firm Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Willits
    County
    Mendocino
    State
    California
    Longitude
    -123.3867876
    Latitude
    39.4307951

    Nearby Similar for Sale

    • $879,000
      1,248 SF

      Highway Frontage Industrial Opportunity

      Expansive property with high visibility, utilities, and potential income.
      1800 West Ca-20, Willits, CA 95490
      View Details
    • $275,000
      2,900 SF

      Willits Commercial Property on Main

      Commercial property on Main Street in historic downtown Willits.
      242 S Main St, Willits, CA 95490
      View Details
    • New
      $599,000
      4,704 SF

      Willits Multi-Unit Investment Opportunity

      Six-unit apartment complex near downtown Willits with steady rental income.
      2148 Primrose Dr, Willits, CA 95490
      View Details
    • $349,000
      1,685 SF

      Turnkey Clinic Building on Main

      Turnkey chiropractic clinic building in Willits with prime highway frontage.
      1225 S Main St, Willits, CA 95490
      View Details
    • $850,000
      5,134 SF

      Willits Mixed-Use Income Opportunity

      Two buildings with business, liquor license, and income potential.
      244 S Main St, Willits, CA 95490
      View Details
    • Contact for pricing

      Commercial Units in Mendocino County

      Commercial units for lease with warehouse and office spaces.
      1250-1270 Blosser Ln, Willits, CA 95490
      View Details
    • $319,900
      0.15 Acres

      Downtown Willits Retail Investment

      Fully Leased Retail/Office Building
      41 Mendocino Ave, Willits, CA 95490
      View Details
    • $275,000
      2,900 SF

      Willits Main Street Retail Space

      Prime Downtown Location, High Visibility
      242 Main St, Willits, CA 95490
      View Details
    • $325,000
      0.19 Acres

      Downtown Willits Mixed-Use Gem

      Prime Willits location, 6000 sq ft, endless potential.
      330 Main St, Willits, CA 95490
      View Details
    • $319,900
      2,400 SF

      Willits Downtown Retail/Office

      Prime Downtown Willits investment. Three leased units.
      41 Mendocino Ave, Willits, CA 95490
      View Details
    • $11,900,000

      Redwood Meadows Apartments

      101-Unit Value-Add Multifamily in Willits, CA
      1475 Baechtel Rd, Willits, CA 95490
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded, sunny residential lot near amenities and recreational activities.
    Where is this residential land & home lot located?
    The property is located at 24121 Lilac Rd Willits, CA.
    What are key features of this property?
    This property features: - Wooded and sunny residential lot, ready for building.; - Power available at the lot line.; - Water and sewer hookups available.
    4626514
    Request Owner's contact information
    24121 Lilac Rd Willits, CA 95490
    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.
    24121 Lilac Rd
    Willits, CA 95490
    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
    24121 Lilac Rd Willits, CA 95490
    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

    We can help!
    Listing Contact
    Clint Hanks
    4626514
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.