40667 Summerset Rd Newberry Springs, CA 92365
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.