15321 Walton Rd Oro Grande, CA 92368
Exceptional opportunity to acquire 20.31 acres of level commercial land in Oro Grande, California. Located at 15321 Walton Road (APN 0469211080000), this property currently boasts Light Industrial zoning within the San Bernardino County. However, a significant development is underway: the City of Victorville's recent General Plan update will eliminate the Desert Gateway Specific Plan and rezone this land to Heavy Industrial, expected later this year (buyer to verify with the City of Victorville). This presents substantial upside potential for future development. The property features a chain link fence and utilities (water and power) stubbed to the site (buyer to verify). The asking price is $574,500, translating to a land value of $884,703 per square foot. This prime location offers investors a unique chance to capitalize on the anticipated zoning change and the burgeoning industrial sector in the area. Serious inquiries only.
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
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Property description
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.