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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    22919 Lazy Z Ln Sonora, CA 95370

    • Commercial real estate
    • 3.66 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2327603
    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 22919 Lazy Z Ln

    Lot size
    3.66 lot acres
    Property type
    Commercial real estate

    Description

    This 3.66-acre commercial land parcel in Sonora, California, presents a unique opportunity for development. Located at 22919 Lazy Z Ln, 95370, this property boasts a convenient location in the desirable Lower Twain Harte area, offering easy access to paved Lazy Z Lane. Utilities are readily available with power and water at the roadside, eliminating significant upfront infrastructure costs. The land itself is a wooded haven, featuring mature Black Oak, Cedar, and Pine trees, creating a picturesque setting. An existing building pad is already in place, simplifying the construction process. The property also includes established ATV trails, perfect for recreational use. Abundant firewood is available on the land. This location provides proximity to numerous recreational opportunities, including Dodge Ridge, Pinecrest Lake, Yosemite National Park, and Sonora Pass, making it an attractive investment for those seeking a blend of commercial potential and outdoor recreation. The property is situated in Tuolumne County and offers a tranquil setting while remaining close to the amenities of Sonora. This is an exceptional opportunity to acquire a build-ready commercial lot in a highly sought-after location.

    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
    Sonora
    County
    Tuolumne
    State
    California
    Longitude
    -120.2612227
    Latitude
    38.0379191

    Comparable in this City

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      Sonora Commercial Property - $580K

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      Sonora Commercial Property

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    Similar Nearby for Sale

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      10 Acres in Sonora

      10 acres of land, close to downtown Sonora.
      11480 Racetrack Rd, Sonora, CA 95370
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      Woodland Lot with Mountain Views

      Private lot with mountain views in a lush woodland setting.
      17320 Mount Everest Ct, Sonora, CA 95370
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    • $389,000
      30.00 Acres

      30 Acres of Mining Land

      30 acres of mining land in a rich gold reserve.
      21901 Marcus Ln, Sonora, CA 95370
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    • $1,200,000
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      Sonora Commercial Land - $1.2M

      Prime 1.58-acre commercial parcel in Sonora, CA.
      0 Parcel B Mono Way, Sonora, CA 95370
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    • $580,000
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      Sonora Commercial Property - $580K

      Versatile Commercial Building, High Rental Potential
      598 Washington St, Sonora, CA 95370
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      Sonora Commercial Property

      Prime Commercial Space, High Visibility
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    Similar Nearby for Lease

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      2,300 SF

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      Prime Sonora location, 2300 sq ft office space
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      3,000 SF

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      2,340 SF

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    • $12 SF/Yr
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      Sonora Warehouse: 2,200 SF Available

      Spacious warehouse, ideal for various uses. Prime East Sonora location.
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    22919 Lazy Z Ln
    Sonora, CA 95370
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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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