Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bannock Rd Oro Grande, CA 92368

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Bannock Rd Oro Grande, CA 92368

    View on Map
    • Land
    • 57.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Bannock Rd

    Lot size
    57.79 lot acres
    Property type
    Land

    Description

    This exceptional offering presents a unique opportunity to acquire nearly 60 acres of contiguous land in Oro Grande, California. Comprising three parcels (APN 0470-061-58, 60, and 61), this expansive property is zoned RL (Rural Living), allowing for a variety of uses. The land is ideally suited for those seeking to establish a private ranch, recreational area, or develop a residential property. With the potential for at least one unit per parcel, the possibilities are vast. The property boasts a secluded location, offering peace and quiet while remaining conveniently close to amenities. It's less than a mile from utility lines, providing options for both on-grid and off-grid living. Enjoy stunning western views from this gently rising terrain. The location is also within easy reach of Historic Route 66, Silver Lakes Golf Course and Lake community, and Interstate 15. A significant advantage is the inclusion of mineral rights for coal, oil, oil shale, gas, phosphate, sodium, and other mineral deposits. This is a truly remarkable opportunity to own a substantial piece of land in a desirable Southern California location. The asking price is $79,990. Don't miss out on this rare chance to create your own desert getaway or develop a unique property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oro Grande
    County
    San Bernardino
    State
    California
    Longitude
    -117.339
    Latitude
    34.6929

    Comparable in this City

    • Value Estimation by Request
      2.50 Acres

      Powerline Rd

      Land • 2.50 Acres
      0 Powerline Rd, Victorville, CA 92368
      View Details
    • Value Estimation by Request
      640.00 Acres

      Silver Mtn Rd

      Land • 640.00 Acres
      0 Silver Mtn Rd, Oro Grande, CA 92368
      View Details
    • Value Estimation by Request
      20.31 Acres

      15321 Walton Rd

      Land • 20.31 Acres
      15321 Walton Rd, Oro Grande, CA 92368
      View Details
    • Value Estimation by Request

      Silver Mtn Rd

      Land
      0 Silver Mtn Rd, Oro Grande, CA 92368
      View Details
    • Value Estimation by Request
      1,215 SF

      19684 National Trl Hwy

      APARTMENT HOUSE (5+ UNITS) • 1,215 SF
      19684 National Trl Hwy, Oro Grande, CA 92368-9601
      View Details
    • Value Estimation by Request
      20.00 Acres

      Oro Grande, CA 92368

      MINING, MINERAL, QUARRIES • 20.00 Acres
      Oro Grande, CA 92368
      View Details

    Similar Nearby for Sale

    • $190,000
      2,134,440.00 Acres

      Expansive Land Parcel in Oro Grande

      49 acres in Oro Grande, CA, ideal for investment.
      Bryman Lot 05 Rd, Oro Grande, CA 92368
      View Details
    • Contact for pricing
      217,800.00 Acres

      5-Acre Lot in Oro Grande

      Unincorporated San Bernardino County land near Silver Lakes and Highway 66.
      0469-052-24-0000, Oro Grande, CA 92368
      View Details
    • Contact for pricing
      217,800.00 Acres

      Land in Growing Rural Zone

      Land in Oro Grande, build your house or invest.
      Oro Grande, CA 92368
      View Details
    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.
    Bannock Rd
    Oro Grande, CA 92368
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!