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    120 Cielo Ave Ridgecrest, CA 93555

    • Commercial real estate
    • 9.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2637225
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 120 Cielo Ave

    Lot size
    9.22 lot acres
    Property type
    Commercial real estate
    APN
    510-020-03

    Description

    Exceptional 9.22-acre residential land parcel in Ridgecrest, California, is available for $1,600,000. This fee-simple property, located at 120 W Cielo Ave (APN 510-020-03), boasts a projected net operating income (NOI) of $870,800 and a pro-forma cap rate of 54.43%. Zoned Estate 3, the land presents significant development potential. Conceptual plans include a 20-lot single-family home subdivision (1600 sq ft homes with 800 sq ft casitas, projected $1.50/sq ft monthly rent), or a higher-density townhome development of up to 80 units (1000 sq ft units, projected $1.65/sq ft monthly rent). The property's location in the College Heights neighborhood offers convenient access to asphalt roads and perimeter utilities. Comparable new homes in the area sell for $350,000 to $550,000. Ridgecrest's robust development pipeline, including proposed apartment complexes, a new hotel, and a casino, further enhances the investment potential. This leveled lot presents a rare opportunity for significant returns in a growing California market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ridgecrest
    County
    Kern
    State
    California
    Longitude
    -117.67031631225
    Latitude
    35.584405879134

    Comparable in this City

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      Ridgecrest Land Development Opportunity

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      Ridgecrest Retail Land - $135K

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      0.14 Acres

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      0.14-acre lot, central Ridgecrest location.
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    • $2,950,000
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      Red Rock: Ridgecrest Multifamily Land

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      625 SF

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    • New
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      1,800 SF

      Remodeled Duplex in Ridgecrest

      Newly remodeled, fully occupied duplex with income potential in Ridgecrest.
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    Similar Nearby for Sale

    • $1,500,000

      Ridgecrest Land Development Opportunity

      75-Lot Subdivision, Prime Location
      0 Kendall Ave, Ridgecrest, CA 93555
      View Details
    • $135,000

      Ridgecrest Retail Land - $135K

      Prime corner lot, shovel-ready, utilities in place.
      395 Ridgecrest Blvd, Ridgecrest, CA 93555
      View Details
    • Contact for pricing
      0.14 Acres

      Ridgecrest Residential Land - $22,500

      0.14-acre lot, central Ridgecrest location.
      1024 Langley Ave, Ridgecrest, CA 93555
      View Details
    • $2,950,000
      13.30 Acres

      Red Rock: Ridgecrest Multifamily Land

      13.3-Acre Entitled Multifamily Site
      850 Downs St, Ridgecrest, CA 93555
      View Details
    • Contact for pricing
      625 SF

      Ridgecrest Multifamily Property with Courtyards

      Ridgecrest apartments with mature trees, serene courtyards, and pool.
      405 Rick Ct, Ridgecrest, CA 93555
      View Details
    • New
      $339,900
      1,800 SF

      Remodeled Duplex in Ridgecrest

      Newly remodeled, fully occupied duplex with income potential in Ridgecrest.
      123 Richmond 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.
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      4 SF

      Prime Corner Land for Lease

      Corner land available for lease, build to suit opportunity.
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    • $1,000 /Mo

      Commercial Lot For Rent

      Half-acre commercial lot suitable for various business ventures.
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    • $1.00 SF/Yr
      1,670 SF

      Ridgecrest Office Space Available

      Office space for rent in Ridgecrest, CA.
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      Fully Leased Office Building

      Office building in Ridgecrest, CA, currently 100% leased.
      909 W Inyokern Rd, Ridgecrest, CA 93555
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      7,500 SF

      Ridgecrest Retail Space Available

      7,500 SF retail space for lease in Ridgecrest, CA.
      104 Nancy Ave, Ridgecrest, CA 93555
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    120 Cielo Ave
    Ridgecrest, CA 93555
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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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