0 Choco Rd Apple Valley, CA 92307
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.