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    0 Nyack Rd, Phelan, CA 92371

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    Property summary
    AI-generated overview

    This ±18-acre parcel in Phelan, California, presents a unique investment opportunity within a rapidly growing region. Zoned R-1, this land is perfectly suited for various residential developments, including market-rate housing, age-qualified housing, and build-for-rent (BFR) communities. The projected home prices are anticipated to fall below FHA limits, making it an attractive option for a wide range of buyers. The property's strategic location offers significant advantages. It's situated near the Southern California Logistics Airport (SCLA), benefiting from the area's expanding job market. Furthermore, the proximity to the planned High Desert Corridor (HDC) – which will connect Victorville to the Antelope Valley – and the future BNSF Barstow International Gateway project (a 4,500-acre integrated rail facility creating thousands of jobs) ensures long-term growth potential. The development also benefits from the secured funding for the Brightline High Speed Train Terminal, linking Las Vegas to the Victor Valley and Rancho Cucamonga. The property's APN is 3134-021-01, and its address is Nyack Rd, Victorville, CA 92371. This exceptional location, combined with the favorable zoning and projected affordability, makes this land a compelling investment for developers seeking to capitalize on the region's burgeoning residential market. The property is surrounded by new communities currently under construction, indicating strong market demand.

    Property profile
    Verified
    Property type Land
    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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