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    Property profile & analytics

    17950 State Highway 120 Groveland, CA 95305

    • Specialty properties
    • 2,888 SF
    • 4.20 lot acres
    For Sale
    View listing
    $475,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 17950 State Highway 120

    Lot size
    4.20 lot acres
    Property size
    2,888 SF
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 4.2-acre commercial property in Big Oak Flat, CA, boasts 2,888 square feet and prime highway frontage on State Highway 120. Currently generating rental income from two existing homes ($900/month each, month-to-month tenancy), this property presents a unique opportunity. One home is a site-built structure, while the other is a manufactured home. The property's strategic location directly across from the upcoming "Yonder Yosemite" development significantly enhances its future potential. This single APN parcel includes two addresses: 17950 and 17960 State Highway 120. The existing rental income can help offset development costs, making this a compelling investment opportunity with significant upside. The property is easily accessible, situated past the local post office. This mixed-use zoning allows for diverse development possibilities, capitalizing on the high traffic count and proximity to Yosemite National Park. The asking price is $475,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Groveland
    County
    TUOLUMNE
    State
    California
    Longitude
    -120.253
    Latitude
    37.8245

    Comparable in this City

    • Value Estimation
      $2,360,000
      0.89 Acres

      11470 Frontage Rd

      VACANT COMMERCIAL LAND • 0.89 Acres
      11470 Frontage Rd, Big Oak Flat, CA 95305
      View Details
    • Value Estimation
      $1,400,000
      5.00 Acres

      Big Oak Flat, CA 95305

      INDUSTRIAL - VACANT LAND • 5.00 Acres
      Big Oak Flat, CA 95305
      View Details
    • Value Estimation
      $750,000
      3,341 SF

      17470 State Hwy 120

      COMMERCIAL (GENERAL) • 3,341 SF
      17470 State Hwy 120, Big Oak Flat, CA 95305
      View Details
    • Value Estimation by Request
      1,624 SF

      17850 State Hwy 120

      COMMERCIAL (GENERAL) • 1,624 SF
      17850 State Hwy 120, Big Oak Flat, CA 95305
      View Details
    • Value Estimation by Request
      2,316 SF

      17401 State Hwy 120

      COMMERCIAL (GENERAL) • 2,316 SF
      17401 State Hwy 120, Big Oak Flat, CA 95305
      View Details
    • Value Estimation
      $2,370,000
      2.78 Acres

      11445 Frontage Rd

      VACANT COMMERCIAL LAND • 2.78 Acres
      11445 Frontage Rd, Big Oak Flat, CA 95305
      View Details
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    17950 State Highway 120
    Groveland, CA 95305
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    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
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