9035 Sheep Creek RdPhelan, CA 92371

Property Details for 9035 Sheep Creek Rd

Year built

1987

Construction

WOOD FRAME

Lot size

2.10 AC

Property size (Sq ft)

1,225 SF

Property type

Office properties

Property subtype

Other office properties

APN

3066-321-04-0000

APU

3066321040000

Description

This 1,200 square foot office building, situated on a spacious 1.82-acre lot at 9035 Sheep Creek Road in Phelan, CA, presents a compelling investment opportunity. The property, currently utilized as a real estate office since 1987, boasts a General Commercial zoning designation, allowing for diverse uses including retail. The building's infrastructure includes natural gas hookup, providing cost-effective utility access. The substantial lot size offers significant expansion potential or ample parking. This versatile property is ideally suited for a variety of commercial ventures, benefiting from its established history and flexible zoning. The seller is open to financing options, potentially carrying a note with a substantial down payment, making this an attractive proposition for qualified buyers. The property's location in Phelan, CA offers access to a growing community and presents a strong foundation for future growth and profitability. Serious inquiries are encouraged to explore this unique opportunity further. The property is priced at $749,000.

• CAP approach

  CAP return

  Valuation

  6%

  $304,160

  6.5%

  $280,763

  7%

  $260,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $200,310

  Geo Method

  $232,946

• Alternative Use

  Use

  Valuation

  Residential

  $348,146

  Hospitality

  $318,900

  Educational

  $265,321

  Medical

  $274,446

  Retail

  $412,722

Location Insight

City

Phelan

County

San Bernardino

State

California

Latitude

34.414

Longitude

-117.572

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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