0 Summit Valley Road
About This Property
The property is located near Silverwood, a major planned community anticipated to introduce approximately 16,000 homes to the surrounding area. This significant residential growth may create long-term demand for neighborhood retail, dining, storage, recreational-vehicle services, and other commercial uses serving future residents and regional travelers.
A conceptual site plan illustrates a potential mixed-commercial development totaling approximately 218,253 square feet across 14 proposed structures. The concept includes retail buildings, a convenience store, three drive-thru restaurants, three approximately 38,500-square-foot retail warehouse buildings, three RV-storage buildings, and caretaker quarters. The size and configuration of the property may also provide flexibility for phased development, investment, or long-term land-banking strategies.
Electrical service is reported adjacent to the property, with water identified through a well/County Service Area 70-J, propane for gas service, and communications through Frontier/Verizon. All utility availability and capacity should be independently verified.
With its large acreage, regional access, conceptual development framework, and proximity to planned residential growth, this property presents a distinctive opportunity for developers and investors seeking a strategic position in the path of High Desert expansion.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2026 | Listed by Lee & Associates | $3,200,000 | |
| Listed by Lee & Associates | |||
| Jan 15, 2025 | Sold | ||
| Sold | |||
| Jan 2, 2025 | In contract | - | |
| In contract | |||
| Nov 8, 2024 | Price Decreased |
$44,999
↓ $10K
(18.2%) | |
| Price Decreased | |||
| Oct 20, 2024 | Price Decreased |
$54,999
↓ $10K
(15.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017