9
Map
49357 W. Avenue D
About This Property
The property features a flat lot measuring approximately 363,859 sq. ft. (8.36 acres), zoned LCA25, offering a wide range of potential uses. A former warehouse/manufacturing structure remains on-site; however, it has experienced severe wind damage and is unsafe to enter. Power is available in the street, and the land includes an old, non-operational well (seller has no information regarding its condition or capacity).
Surrounded by rolling hillsides, open farmland, and pristine high-desert landscape, this location provides both privacy and accessibility. With direct frontage near Highway 138 and broad future-use flexibility under the LCA25 zoning, this parcel is ideal for buyers seeking a project site, storage yard, agricultural use, or long-term investment potential.
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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 |
|---|---|---|---|
| Jan 23, 2026 | Price Decreased |
$199,000
↓ $81K
(28.9%) | |
| Price Decreased | |||
| Dec 19, 2025 | Listed by Frazier Mt.Real Estate | $280,000 | |
| Listed by Frazier Mt.Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017