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    Johnson Rd Apple Valley, CA 92307

    For Sale
    $149,990

    Prime 2.5-acre residential multi-family lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.5-acre parcel, located in Apple Valley, California (APN 0472-302-12), presents a remarkable investment opportunity. Zoned RM (Residential Multi-Family), this property allows for the development of 2 to 20 units per net acre, catering to the growing demand for housing in the area. Strategically situated southwest of the high-traffic intersection of Dale Evans Parkway and Johnson Road, the land benefits from excellent visibility and accessibility. Its proximity to Interstate-15 and Stoddard Wells Road ensures convenient access to Southern California. The surrounding area is experiencing significant growth, with major retailers like Walmart and Big Lots establishing distribution centers nearby. Further enhancing its potential, the Brightline West High-Speed Rail System is planned for the Victor Valley region, with a proposed station just a few miles away, off Dale Evans Parkway and the Interstate-15 freeway exit. A December 8, 2023, press release from Brightline announced the project received $3 billion in funding. This prime location, coupled with the potential for substantial development, makes this a compelling investment opportunity. The asking price is $149,990. The property is privately owned and located at Johnson Rd, Apple Valley, CA 92307. The property's latitude and longitude coordinates are 34.60103341676013 and -117.2119859794809 respectively.

    Property Features for 0 Johnson Rd

    General Information

    Property type
    Land
    Lot Size
    108,900 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.21198597948
    Latitude
    34.60103341676

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    FAQs

    What type of property is this?
    Land - Prime 2.5-acre residential multi-family lot.
    Where is this land located?
    The property is located at Johnson Rd Apple Valley, CA.
    What is the asking price?
    The asking price for this property is $149,990.
    (760) 242-6059
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    Johnson Rd Apple Valley, CA 92307
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    Realmo Value Estimation

    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.

    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.

    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
    Johnson Rd Apple Valley, CA 92307
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