Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5940 Mariposa Rd Oak Hills, CA 92344-9002
    Back to Search
    Property profile & analytics

    5940 Mariposa Rd, Oak Hills, CA 92344-9002

    View on Map
    • Commercial land
    • 1.30 lot acres
    Off-Market
    Last Sale Dec 29, 2021
    $350,000
    Property ID
    US10-1464380
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 5940 Mariposa Rd

    Lot size
    1.30 lot acres
    Property type
    Commercial land
    APN
    0357-065-04-0000
    APU
    357065040000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2021 — Gerald Busch Otto David De Jesus Recinos Intrafamily Transfer · related —
    Mar 5, 2020 — Otto D De Jesus Recinos Anabella Juarez Quit Claim Deed —
    Aug 25, 2017 $350,000 Anabella Juarez Oak Hills Contractors INC Grant Deed $50k · Oak Hills Contractors INC
    Aug 10, 2015 $125,000 Oak Hills Contractors INC Stevens C A Family Trust Grant Deed $90k · Stevens C A Family Trust (pt)
    Aug 10, 2015 — Stevens,c A Family Trust Three Sisters Land & Mining Co Quit Claim Deed —
    — — Stevens Trust — Deed Of Trust · related $60k · Desert Community Bank
    — — Stevens Trust — Deed Of Trust · related $80k · Desert Community Bank
    — — Stevens Trust — Deed Of Trust · related $80k · Desert Community Bank
    — — Anabella R Juarez — Deed Of Trust · related $800k · Martha Correa
    — — Anabella Juarez — Deed Of Trust · related $125k · Gerald A Busch

    Description

    This exceptional 3.07-acre commercial land parcel presents a unique investment opportunity in Oak Hills, California. Strategically located at the top of the Cajon Pass, this property boasts unparalleled visibility from Interstate 15, experiencing daily traffic exceeding 150,000 vehicles. Situated just south of Oak Hill Road and the I-15 off-ramp, this high-traffic location ensures maximum exposure for any commercial venture. The property, encompassing two lots (APN 0357-065-03 & 04), is zoned for Regional Commercial use, offering a wide range of development possibilities. Previously the site of the historic Summit Inn, the land is already graded and equipped with readily available water and power connections, significantly reducing development costs and timelines. This prime location, combined with its convenient access and infrastructure, makes it an ideal site for a variety of commercial uses, promising significant return on investment. The asking price is $1,843,290. Don't miss this chance to acquire a highly visible and well-positioned commercial property in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Hills
    County
    San Bernardino
    State
    California
    Longitude
    -117.436
    Latitude
    34.3582
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,755
    $223,686
    $0.00
    $223,686
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.54 Acres

      Finch Ct

      VACANT COMMERCIAL LAND
      Finch Ct, Hesperia, CA 92344
      View Details
    • Value Estimation by Request
      0.48 Acres

      Main St

      VACANT COMMERCIAL LAND
      Main St, Hesperia, CA 92344
      View Details
    • Value Estimation by Request
      2.29 Acres

      Bolina St

      VACANT COMMERCIAL LAND
      Bolina St, Hesperia, CA 92344
      View Details
    • Value Estimation by Request
      4.63 Acres

      Phelan Rd

      VACANT COMMERCIAL LAND
      Phelan Rd, Hesperia, CA 92344
      View Details
    • Value Estimation
      $9,920,000
      8.87 Acres

      Hwy 395

      VACANT COMMERCIAL LAND
      Hwy 395, Hesperia, CA 92344
      View Details
    • Value Estimation by Request
      2.92 Acres

      10757 Jenny St

      VACANT COMMERCIAL LAND
      10757 Jenny St, Oak Hills, CA 92344
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Corner Lot For Sale

      13.7 acre corner lot suitable for commercial development.
      101 Phelan Rd, Phelan, CA 92344
      View Details
    • $1,250,000

      Prime Commercial Land Opportunity

      3+ acres of commercial land with high visibility.
      5940 Mariposa Rd, Hesperia, CA 92344
      View Details
    • Contact for pricing

      Commercial Land on Ranchero Road

      Commercial land available after Ranchero Road widening project completion.
      Swc Of Ranchero Rd & Escondido Rd, Hesperia, CA 92344
      View Details
    • Contact for pricing
      4,138,000 SF

      95 Acres Freeway Exposure Land

      95 acres of land with major freeway exposure.
      SW Of Caliente Rd And Ranchero Rd, Hesperia, CA 92344
      View Details
    • Contact for pricing
      217,800 SF

      Commercial Land on Ranchero Road

      5 acres of commercial land with freeway access.
      SW Of Kourie Way And Ranchero Rd, Hesperia, CA 92344
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Travel-Oriented Development Site Available

      Six acre commercial land for rent near Interstate 15.
      US-395 & 3 Flags Ct, Hesperia, CA 92344
      View Details
    • Contact for pricing
      6 SF

      Travel-Oriented Development Site Available

      6 AC development site near 15 FWY and US-395.
      US-395 & 3 Flags Ct, Hesperia, CA 92344
      View Details
    • Contact for pricing
      1,108,000 SF

      Hesperia Warehouse with Dock Doors

      Large industrial building featuring dock high and grade level doors.
      NE Of Mesa Linda St And Poplar St, Hesperia, CA 92344
      View Details
    • Contact for pricing
      414,700 SF

      Distribution Warehouse with I-15 Access

      Class A distribution warehouse with excellent I-15 access.
      Nwc Of Poplar And Mesa Linda, Hesperia, CA 92344
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5940 Mariposa Rd
    Oak Hills, CA 92344-9002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5940 Mariposa Rd, Oak Hills, CA, 92344
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!