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Property profile

16 Peace Valley Rd Lebec, CA 93243

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Gorman, CA. Encompassing two parcels totaling 3.24 acres, this property boasts unparalleled visibility due to its corner lot location directly adjacent to an I-5 freeway off-ramp. One parcel enjoys high visibility from the off-ramp, while the second parcel sits across from established businesses including McDonald's, a Shell gas station, and Gorman Elementary School. This strategic positioning makes it ideal for a variety of commercial ventures, such as fast food restaurants, retail centers, or recreation-related businesses. However, prospective buyers should independently verify permitted uses with the city and county. Utilities, including water and power, are available at one parcel and easily accessible at the second. The property's location offers significant advantages, with close proximity to major recreational areas like Hungry Valley State Vehicular Recreation Area, featuring 19,000 acres and over 130 miles of trails. Additional nearby attractions include Pyramid Lakes Recreation Area, Vista del Lago Visitor Center, Outlets at Tejon, Quail Lakes, and Fort Tejon State Historical Park. Furthermore, the significant planned residential development by the Tejon Ranch Company, encompassing approximately 35,000 single-family and multi-family homes, promises substantial future growth and increased demand in the area. The asking price for this exceptional property is $3,500,000. The address is 16 Peace Valley Rd, Gorman, CA 93243.

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

Location

16 Peace Valley Rd Lebec, CA 93243
Lebec metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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