Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Choco Rd Apple Valley, CA 92307

    Property Lookup

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

    Choco Rd Apple Valley, CA 92307

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

    Current Use by Public Records

    • Land

    Property Details for 0 Choco Rd

    Lot size
    55.21 lot acres
    Property type
    Land

    Description

    This exceptional 55.21-acre commercial land parcel in Apple Valley, CA (APN 0472351440000), presents a unique investment opportunity. Located at 0 Choco Rd., 92307, this property boasts stunning views and is situated on a paved road for convenient access. Priced at $3,295,000 ($59,681/acre), it offers significant potential. The land is already approved for 93 residential lots, supported by a Tentative Tract Map (20304). Extensive due diligence has already been completed, saving significant time and expense for the buyer. This includes a comprehensive suite of reports and plans, valued at over $762,000, encompassing biological studies (including Joshua Tree assessment and updates), blasting log data, improvement plans, conditions of approval, cultural resource assessment, geotechnical report, noise study, street improvement plans, grading and erosion plans, sewer plans, storm drain plans, and water plans. Utilities are readily available on-site. This turnkey opportunity combines prime location, approved development plans, and substantial pre-existing studies, making it an ideal investment for developers seeking a streamlined path to project realization. The property's location in San Bernardino County, California, offers further advantages.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.235
    Latitude
    34.5569

    Comparable in this City

    • Value Estimation by Request
      30.00 Acres

      Wild Wash Rd

      Land • 30.00 Acres
      0 Wild Wash Rd, Apple Valley, CA 92307
      View Details
    • Value Estimation by Request

      Cahuilla Rd

      Land
      0 Cahuilla Rd, Apple Valley, CA 92307
      View Details
    • Value Estimation by Request
      38.79 Acres

      18 Hwy

      Land • 38.79 Acres
      18 Hwy, Apple Valley, CA 92307
      View Details
    • Value Estimation by Request
      4.50 Acres

      Pumalo Ave Apple Vly

      Land • 4.50 Acres
      0 Pumalo Ave Apple Vly, Apple Valley, CA 92307
      View Details
    • Value Estimation by Request
      8.51 Acres

      Central Rd

      Land • 8.51 Acres
      0 Central Rd, Apple Valley, CA 92307
      View Details
    • Value Estimation by Request
      20.00 Acres

      Central Rd

      Land • 20.00 Acres
      0 Central Rd, Apple Valley, CA 92307
      View Details

    Similar Nearby for Sale

    • $400,000
      871,200.00 Acres

      20 Acres of Usable Land

      20 acres in Apple Valley, ideal for custom estate.
      Laguna Seca Dr, Apple Valley, CA 92307
      View Details
    • Contact for pricing

      Land Near Apple Valley Airport

      Land with easy access to I-15 and future high-speed train.
      Gustine St, Apple Valley, CA 92307
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land for Lease

      High-traffic commercial land available for lease in Apple Valley.
      18 And Navajo Rd, Apple Valley, CA 92307
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Apple Valley

      Retail property available for lease in Apple Valley, California.
      13631 Navajo Rd, Apple Valley, CA 92307
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Victorville, California.
      Seq Mojave & I-15, Victorville, CA 92307
      View Details
    • Contact for pricing

      Apple Valley Office Space Available

      Two-story office building near St. Mary’s Medical Center.
      15099 Kamana Rd, Apple Valley, CA 92307
      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.
    Choco Rd
    Apple Valley, CA 92307
    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!