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Property profile & analytics
OFF-MARKET
Commercial real estate

40667 Summerset Rd Newberry Springs, CA 92365

Individually Owned 10-yr Hold
Property ID
US10-1457710
Property summary
AI-generated overview

This ±4.73-acre agricultural property in Newberry Springs, California, presents a unique investment opportunity. Located conveniently near Interstate 15 and Interstate 40, this land offers easy access to major transportation routes. The property features existing electric service and an adjudicated well, although it requires a pressure pump. A well installation company estimates that a comparable system would cost approximately $48,000 to install today. The property is roughly 2.6 miles north of I-40, 5 miles south of I-15, and 10.3 miles west of paved Mineola Road. Septic and propane are not currently available on the site. Zoned for agricultural use, this land offers potential for various development options, making it ideal for investors or owner-users seeking a versatile property in a strategic location. The parcel's APN is 0515-092-02-0000. Buyers are responsible for conducting their own due diligence. Asking price is $40,000.

Property profile
Verified
Property type Commercial real estate
APN 0515-092-02-0000
UPID US10-1457710
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cheryl V Jackson · 10 yrs held
Cheryl V Jackson
since 2016
1 recorded transaction
2016
$8,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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