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Property profile & analytics
OFF-MARKET
Land

0 Choco Rd Apple Valley, CA 92307

55.21 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 55.21 ac (2,404,948 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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