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Property profile

5900 Hwy Phelan, CA 92371

OFF-MARKET
Land
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162,696 SF 37.35 ac lot

Property summary

AI-generated overview

This exceptional investment opportunity presents a substantial multifamily property situated on a sprawling 37.35-acre lot in Phelan, California. The property, located at 5900 Hwy 18, boasts a significant 162,696 square feet of building space. The asking price is $1,400,000, translating to a price per square foot of $0.86. The property is zoned Ph/Sd-Com, offering considerable potential for various commercial and residential uses. Its prime Highway 18 location provides excellent visibility and accessibility. The property's substantial size and zoning present a unique opportunity for investors seeking a large-scale project with significant upside potential. The Assessor's Parcel Number (APN) is 310156102. This multifamily property in San Bernardino County, CA, zip code 92371, presents a compelling investment prospect due to its size, location, and zoning flexibility. Further due diligence is recommended to fully assess the property's potential and to verify all information. The geographic coordinates are 34.5067685 latitude and -117.5322349 longitude.

Property profile

Verified
Property type Land
Total area 162,696 SF
Lot 37.35 ac (1,626,966 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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