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16252 Olema Road
About This Property
Prime 5.05 acres on the west side of Olema Rd. between Cuyama Rd. and Pala Ln., just outside Apple Valley and 3 miles from Apple Valley Airport and major future industrial growth. Zoned single-family residential, the property offers flat terrain, mountain views, and possible subdivision potential. Newer homes are already in the area. Utilities water and Electricity are near/to the site (buyer to verify).
Don't miss this investment opportunity-submit all offers today.
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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 |
|---|---|---|---|
| Nov 25, 2025 | Listed by RE/MAX FREEDOM | $100,000 | |
| Listed by RE/MAX FREEDOM | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017