Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Monache St Ridgecrest, CA 93555
    Back to Search
    Property profile & analytics

    Monache St, Ridgecrest, CA 93555

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

    Current Use by Public Records

    • Land

    Property Details for 0 Monache St

    Property type
    Land

    Description

    This exceptional opportunity presents six prime residential building lots nestled in Ridgecrest, California. The property, encompassing parcels 508-151-05, 508-151-06, 508-151-07, 508-151-10, 508-151-11, and 508-151-12, offers a unique blend of size and convenience. Four of these lots boast a generous .75 acres each, while the remaining two offer even more space at .98 acres apiece. Conveniently located on South Monache Street in Kern County, these lots provide ready access to water utilities. Their desirable location offers proximity to the city of Ridgecrest and the China Lake Naval Weapons Center, making them an attractive investment for builders and developers alike. The high desert setting provides stunning views of the nearby Sierra Nevada Mountains. This is a rare chance to acquire multiple buildable lots in a sought-after area, perfect for residential development. The asking price for all six lots is $150,000. The property is zoned Estate (.5). The lots are privately owned and are currently for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridgecrest
    County
    Kern
    State
    California
    Longitude
    -117.704
    Latitude
    35.5897

    Comparable in this City

    • Value Estimation by Request

      Kendall Ave

      Land
      0 Kendall Ave, Ridgecrest, CA 93555
      View Details
    • Value Estimation by Request
      2.50 Acres

      Bowman Rd

      Land
      0 Bowman Rd, Ridgecrest, CA 93555
      View Details
    • Value Estimation by Request

      395 Ridgecrest Blvd

      Land
      395 Ridgecrest Blvd, Ridgecrest, CA 93555
      View Details
    • Value Estimation by Request
      13.30 Acres

      850 Downs St

      Land
      850 Downs St, Ridgecrest, CA 93555
      View Details
    • Value Estimation by Request
      0.11 Acres

      Autumn Ave

      Land
      0 Autumn Ave, Ridgecrest, CA 93555
      View Details
    • Value Estimation by Request

      Kendall Ave

      Land
      0 Kendall Ave, Ridgecrest, CA 93555
      View Details

    Similar Nearby for Sale

    • $74,950

      Land For Sale

      Land available in Ridgecrest, CA.
      1433 N Downs St, Ridgecrest, CA 93555
      View Details
    • Contact for pricing
      89,298.00 Acres

      Ridgecrest Land For Sale

      2.05 acre lot offering privacy and convenience in Ridgecrest.
      1 Bowman Rd, Ridgecrest, CA 93555
      View Details
    • Contact for pricing
      2.00 Acres

      Ridgecrest Land For Future Development

      Land in Ridgecrest, CA, suitable for future development.
      352-161-14 Alford, Ridgecrest, CA 93555
      View Details
    • Contact for pricing
      Pending

      Ridgecrest Land: Build, Invest, Hold

      5+ acre Ridgecrest land for building or investment.
      Clodt Rd, Ridgecrest, CA 93555
      View Details
    • Contact for pricing
      Pending

      Ridgecrest Land: Build, Invest, Hold

      2.5-acre plot in Ridgecrest, CA with mountain views.
      Clodt Rd, Ridgecrest, CA 93555
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      417,305 SF

      Ridgecrest Land for Lease

      9.58 acres of land available for ground lease.
      E Rader Ave, Ridgecrest, CA 93555
      View Details
    • Contact for pricing

      Retail Space at The Oasis

      Experiential retail site coming soon to Ridgecrest, California.
      S China Lake Blvd, Ridgecrest, CA 93555
      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.
    Monache St
    Ridgecrest, CA 93555
    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
    Monache St, Ridgecrest, CA, 93555
    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!