Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rice Ave Pine Mountain Club, CA 93505
    Back to Search
    Property profile & analytics

    Rice Ave, Pine Mountain Club, CA 93505

    View on Map
    • Land
    • 12.03 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Rice Ave

    Lot size
    12.03 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This 12.03-acre property in California City, Kern County, CA (APN 274-140-13-00-6), presents a unique opportunity for various uses. Located on Rice Ave, approximately three miles east of Highway 395 and north of Kramer Junction, this land offers convenient access to Southern California. Zoned Residential Agricultural (RA), it allows for a blend of residential and agricultural activities. Permitted uses include single-family dwellings, mobile homes, stables, corrals, livestock keeping, and nurseries/greenhouses. Additional conditional uses may be possible, including electric substations, festivals, and recreational camps. The asking price is $19,990, making it an attractive investment at a low price per square foot. This property is situated in a growing area, offering significant potential for future development and appreciation. The property's location near major transportation routes provides excellent accessibility. This versatile land is perfect for those seeking a personal ranch or recreation area. Don't miss this chance to own a piece of California's expanding landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pine Mountain Club
    County
    Kern
    State
    California
    Longitude
    -117.739
    Latitude
    35.2086

    Comparable in this City

    • Value Estimation by Request
      23.05 Acres

      Columbia St

      Farms
      0 Columbia St, California City, CA 93505
      View Details
    • Value Estimation by Request
      14.62 Acres

      53 & California City Blvd

      Farms
      53 & California City Blvd, California City, CA 93505
      View Details
    • Value Estimation by Request
      0.25 Acres

      19660 98Th St

      Land
      19660 98Th St, California City, CA 93505
      View Details
    • Value Estimation by Request
      0.17 Acres

      85th St Heather Ave

      Land
      85th St Heather Ave, California City, CA 93505
      View Details
    • Value Estimation by Request

      21806206 Yerba Blvd

      Land
      21806206 Yerba Blvd, California City, CA 93505
      View Details
    • Value Estimation by Request
      0.21 Acres

      Yerba Blvd

      Land
      0 Yerba Blvd, California City, CA 93505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,800 SF

      Turnkey Cannabis Cultivation Facility

      Licensed cannabis cultivation facility for sale in California City.
      7901 Moss Ave, California City, CA 93505
      View Details
    • $1,000,420
      10.00 Acres

      California City Cannabis Zone Land

      10 acres in Area 420 Cannabis Zone.
      Neuralia Rd& Mendiburu, California City, CA 93505
      View Details
    • Contact for pricing
      5.00 Acres

      5-Acre Lot Zoned M1

      Large 5-acre lot zoned M1 in California City.
      Leticia Ave, California City, CA 93505
      View Details
    • $1,000,000
      39.18 Acres

      California City Land For Sale

      39.18 acres of M1 zoned land in California City.
      Gant Rd, California City, CA 93505
      View Details
    • $100,420
      10.00 Acres

      Cannabis Zone Land Opportunity

      M1 zoned land near cannabis developments with potential for ROI.
      Lindbergh & Neuralia Rd, California City, CA 93505
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      1,200 SF

      California City Industrial Cannabis Zone

      M1-zoned warehouse units suitable for cannabis operations.
      22510 Curtiss Pl, California City, CA 93505
      View Details
    • $2,016 /Mo
      1,344 SF

      California City Industrial Cannabis Zone

      M1-zoned property suitable for cannabis operations in California City.
      22510 Curtiss Pl, California City, CA 93505
      View Details
    • $3,000 /Mo
      2,000 SF

      California City Industrial Cannabis Zone

      M1-zoned industrial property suitable for cannabis operations for rent.
      22510 Curtiss Pl, California City, CA 93505
      View Details
    • $825 /Mo

      California City Commercial Space Available

      Commercial space for lease in California City, California.
      8525 California City Blvd, California City, CA 93505
      View Details
    • $12,800 /Mo

      22245 Mitchell Blvd, California City, CA 93505

      Warehouses
      22245 Mitchell Blvd, California City, CA 93505
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Rice Ave
    Pine Mountain Club, CA 93505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Rice Ave, Pine Mountain Club, CA, 93505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!