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

    40667 Summerset Rd Newberry Springs, CA 92365

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1457710
    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 40667 Summerset Rd

    Property type
    Commercial real estate
    APN
    0515-092-02-0000

    Description

    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.

    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
    Newberry Springs
    County
    San Bernardino
    State
    California
    Longitude
    -116.773201
    Latitude
    34.8824929

    Comparable in this City

    • $44,000
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      40 Acres Newberry Springs Land

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      5.00 Acres

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      Affordable 5-acre parcel, ideal for ranch or recreation.
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    • $200,000
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      Newberry Springs Land with Financing

      10+ acres near I-40 with flexible zoning and owner financing.
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      839,836.00 Acres

      19+ Acres Mojave Land Opportunity

      19+ acre lot near Route 66, ideal for residential/agricultural use.
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    • $299,000
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      80 Acres with Pistachio Grove

      Two parcels with pistachio trees, wells, and greenhouse potential.
      42797 Navajo, Newberry Springs, CA 92365
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      4.76 Acres

      Newberry Springs Land: 4.76 Acres

      Prime vacant land, ideal for farming. Near I-15.
      0 Harvard Rd, Newberry Springs, CA 92365
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    Similar Nearby for Sale

    • Contact for pricing
      5.00 Acres

      Newberry Springs 5-Acre Land

      Affordable 5-acre parcel, ideal for ranch or recreation.
      0 Kiloran St, Newberry Springs, CA 92365
      View Details
    • $200,000
      470,448.00 Acres

      Newberry Springs Land with Financing

      10+ acres near I-40 with flexible zoning and owner financing.
      31312 Fort Cady Rd, Newberry Springs, CA 92365
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    • Contact for pricing
      839,836.00 Acres

      19+ Acres Mojave Land Opportunity

      19+ acre lot near Route 66, ideal for residential/agricultural use.
      33501 Condor Rd, Newberry Springs, CA 92365
      View Details
    • $44,000
      40.00 Acres

      40 Acres Newberry Springs Land

      Prime Agricultural & Residential Land
      0 Tovar Rd, Newberry Springs, CA 92365
      View Details
    • $299,000
      3,484,800.00 Acres

      80 Acres with Pistachio Grove

      Two parcels with pistachio trees, wells, and greenhouse potential.
      42797 Navajo, Newberry Springs, CA 92365
      View Details
    • $55,000
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      Prime Newberry Springs Commercial Land

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    40667 Summerset Rd
    Newberry Springs, CA 92365
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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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