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    Property profile & analytics

    Ridgecrest, CA 93555

    • Commercial real estate
    • 21,344 SF
    • 0.49 lot acres
    For Sale
    View listing
    $1,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details

    Lot size
    0.49 lot acres
    Property size
    21,344 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.49-acre commercial lot in Ridgecrest, CA, presents a remarkable opportunity for entrepreneurs and businesses seeking a strategic location to thrive. Boasting a generous 21,344 square feet of space, this vacant lot is zoned for commercial use, offering versatility for a wide range of business ventures. Its strategic positioning ensures high visibility and accessibility, maximizing exposure to potential customers. The property's location within a growing community guarantees a strong foundation for future growth and success. This is an ideal site for businesses seeking ample space and a prominent presence. The lot's potential is further enhanced by the owner's commitment to installing a custom fence tailored to the tenant's specific needs. This turnkey solution eliminates the hassle and expense of site preparation, allowing businesses to focus on their core operations. Don't miss this chance to establish your business in a vibrant and rapidly developing area. This half-acre lot offers the perfect blend of space, visibility, and convenience, making it an exceptional investment for any forward-thinking enterprise. The asking price is $1000. Contact us today to explore the possibilities and secure this prime commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridgecrest
    County
    Kern
    State
    California
    Longitude
    -117.664
    Latitude
    35.6225

    Comparable in this City

    • Value Estimation by Request
      0.31 Acres

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      2,700 SF

      1500 Inyo St

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      7,500 SF

      1025 R Cir

      SHOW ROOM, WAREHOUSE • 7,500 SF
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      0.31 Acres

      4449 Johnston Ave

      COMMERCIAL (GENERAL) • 0.31 Acres
      4449 Johnston Ave, Ridgecrest, CA 93555-8307
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    • Value Estimation by Request
      18.27 Acres

      Bowman Rd

      Land • 18.27 Acres
      0 Bowman Rd, Ridgecrest, CA 93555
      View Details
    • Value Estimation
      $1,335,000
      15,000 SF

      737 Ridgecrest Blvd

      SHOW ROOM, WAREHOUSE • 15,000 SF
      737 Ridgecrest Blvd, Ridgecrest, CA 93555-4020
      View Details

    Similar Nearby for Sale

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      21,344 SF

      Ridgecrest Commercial Lot For Lease

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      0.15 Acres

      Residential Lot in Ridgecrest Heights

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    Similar Nearby for Lease

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      417,305 SF

      Ridgecrest Land for Lease

      9.58 acres of land available for ground lease.
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    • Contact for pricing

      Fully Leased Office Building

      Office building in Ridgecrest, CA, currently 100% leased.
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      7,500 SF

      Ridgecrest Retail Space Available

      7,500 SF retail space for lease in Ridgecrest, CA.
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    • $1.00 SF/Yr
      1,670 SF

      Ridgecrest Office Space Available

      Office space for rent in Ridgecrest, CA.
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      Retail Space in Ridgecrest

      Retail space available for lease in Ridgecrest, California.
      1140 College Heights Blvd, Ridgecrest, CA 93555
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    • Contact for pricing
      4,400 SF

      Retail Space in Ridgecrest

      Retail space available for lease in Ridgecrest, CA.
      College Heights Blvd, Ridgecrest, CA 93555
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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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