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    Industrial Land Near Future Development Title is generated by Realmo AI

    Glendon Rd, Apple Valley, CA 92307

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    Two 30-acre parcels near planned industrial and commercial developments.

    Type:Land
    Lot size:
    30.00 Acres
    Added:
    Sep 23, 2024
    Days on Market:
    618
    Last Refresh:
    May 12 at 9:41 pm

    Property Features for Glendon Rd

    General Information

    Standard status
    Active
    Lot size
    30.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Tony Scafidi

    Listing agent Tony Scafidi License #CA 01887228

    Listing office Rigel Capital Inc.

    Listing date Sep 23, 2024

    Source Crexi

    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 Rigel Capital Inc.

    HighLights

    • High visibility from I‑15 freeway
    • Close proximity (±1/2 mile) to Brightline Las Vegas High Speed train development
    • Ideal for industrial use due to location and neighboring properties
    • Located near major planned industrial and commercial developments
    • Potential for significant land value increase upon commencement of nearby projects
    • Two ±30 acre parcels, with option to purchase individually

    Overview

    Two parcels, each approximately 30 acres, are available for sale and may be purchased together or separately. The land is located near the northeast corner of Glendon Road and Comanche Road, approximately 1/2 mile east of Dale Evans Parkway. The property is situated north of the Town of Apple Valley, in close proximity to the planned Brightline Las Vegas High-Speed train development spanning approximately 300 acres. While currently zoned Rural Residential, the location is ideal for industrial use, given the neighboring properties in Apple Valley and its proximity to the I-15 freeway. Several large industrial and commercial developments are planned in the immediate area. A new travel center is planned by Loves, along with approximately 2,520,000 square feet of industrial warehouse space located 4 miles southwest of this property. An additional approximately 4,502,419 square feet of industrial warehouse space is planned in the Industrial Park District, approximately 2 miles south of the property. The seller also has an additional approximately 20 acres listed approximately 1/2 mile south, if interested.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.203091
    Latitude
    34.646002

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    FAQs

    What type of property is this?
    Industrial land - Two 30-acre parcels near planned industrial and commercial developments.
    Where is this industrial land located?
    The property is located at Glendon Rd Apple Valley, CA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: High visibility from I‑15 freeway; Close proximity (±1/2 mile) to Brightline Las Vegas High Speed train development; Ideal for industrial use due to location and neighboring properties
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tony Scafidi
    Real Estate License ID: CA 01887228
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    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
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