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    Prime Commercial Land, Ridgecrest CA Title is generated by Realmo AI

    343-351-01 E Bowman Rd, Ridgecrest, CA 93555

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    Claim this Listing
    For Sale
    $1,495,000

    LAND - Ridgecrest, CA

    Lot size:
    18.52 Acres
    Added:
    Jul 5, 2023
    Days on Market:
    1064
    Last Refresh:
    Jun 2 at 4:06 pm

    Property Features for 343-351-01 E Bowman Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Genearl Commercial
    Standard status
    Active
    APN
    343-351-01,343-351-0
    Lot size
    18.52 Acres

    We can help!

    Listing Contact
    Clint Freeman
    Clint Freeman

    Listing agent Clint Freeman License #01395515

    Listing office RidgecrestCaHomes 401 Christopher Court, Ridgecrest, CA

    Listing date Jul 5, 2023

    MLS# 2604513 Listing URL

    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

    • 18+ acres zoned commercial, ideal for various developments.
    • High visibility location east of Super Walmart with a signaled intersection nearby.
    • Utilities available in the street: electric, water, and gas; street lights already installed.
    • Located in Ridgecrest, bordering the China Lake Naval Weapons Center (NAWS).
    • High traffic count of 28,900 and a 5‑mile population of 31,787, indicating strong market potential.
    • Serves a large retail market area of 68,778 stretching from Reno, NV to California City.

    Overview

    This commercial land, spanning over 18 acres, is east of the Super Walmart in Ridgecrest, CA. Zoned for commercial use, it presents a location suitable for an apartment complex, a high-density shopping center, retail spaces, or service stores. The property benefits from high visibility and proximity to a signaled intersection to the west. Essential utilities, including electric, water, and gas, are available in the street. Street lights are already installed. The area is projected for expanded retail shopping and high-end residential neighborhoods. Ridgecrest borders the China Lake Naval Weapons Center (NAWS), a primary weapons development and test center for the U.S. Navy. The city anticipates growth with NAWS continually hiring engineers for new projects. Ridgecrest features major retail outlets, a large hospital, hotels, and award-winning schools. The area supports a comparatively high-income demographic despite its rural setting and is home to Cerro Coso Community College. The 5-mile population is 31,787, with 12,496 households. Traffic count is 28,900. The potential retail market area encompasses 68,778 individuals, with a service area extending from Reno, NV, to California City. The area is designed to grow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ridgecrest
    County
    Kern
    State
    California
    Longitude
    -117.662493
    Latitude
    35.6059262

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    FAQs

    What type of property is this?
    Commercial land - 18+ acres, commercially zoned, high visibility, utilities available.
    Where is this commercial land located?
    The property is located at 343-351-01 E Bowman Rd Ridgecrest, CA.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: 18+ acres zoned commercial, ideal for various developments.; High visibility location east of Super Walmart with a signaled intersection nearby.; Utilities available in the street: electric, water, and gas; street lights already installed.
    (760) 382-1082
    We can help!
    Listing Contact
    Clint Freeman
    Clint Freeman
    Real Estate License ID: 01395515
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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.

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