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    Corner Commercial Land For Sale Title is generated by Realmo AI

    12345 NW Bear Valley Road, Victorville, CA 92392

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    Picture of Commercial land at 12345 NW Bear Valley Road, Victorville, CA
    For Sale
    $1,300,000

    Commercial Sale - Victorville, CA

    Property size:
    327,571 SF
    Price / SF:
    $3/SF
    Added:
    May 1, 2024
    Days on Market:
    761
    Last Refresh:
    May 31 at 6:06 pm

    Property Features for 12345 NW Bear Valley Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C and mixed
    Standard status
    Active
    APN
    3095012190000
    Size
    327,571 SF

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jacqueline Pouratian

    Listing agent Jacqueline Pouratian License #00625871

    Listing office J.P. & Associate 325 N. Oakhurst Dr.#503, LOS ANGELES, CA

    Listing date May 1, 2024

    MLS# HD24085655 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial corner land with high visibility: Approx. 400 feet frontage on Bear Valley Rd. and 640 feet on Cobalt St.
    • Located on Bear Valley Road, the main commercial corridor and most travelled thoroughfare in Victorville.
    • Strategic location halfway between I‑15 and Highway 395.
    • Located within 1 mile of a large affluent residential neighborhood with a median household income over $91,260.
    • Flat land ready for development.
    • Zoned commercial and mixed use (check with the City of Victorville).

    Overview

    This commercial corner land offers approximately 400 feet of frontage on Bear Valley Road and 640 feet on Cobalt Street. The flat land is ready for development and is situated halfway between I-15 and Highway 395. The location is within 1 mile of a large affluent residential neighborhood where the median household income is over $91,260. The property is zoned for commercial and mixed-use purposes; interested parties should verify permitted uses with the City of Victorville. Bear Valley Road serves as the main commercial corridor and primary arterial thoroughfare in Victorville, connecting the cities of Victorville and Hesperia, as well as the town of Apple Valley, with Interstate 15. This 120-foot wide boulevard extends from Apple Valley to I-15 and then to Highway 395 and beyond. A free 3 to 5 year ground lease is an option, also for sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Pharmacy Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.37327
    Latitude
    34.470565

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial corner land ready for development in Victorville, CA.
    Where is this commercial land located?
    The property is located at 12345 NW Bear Valley Road Victorville, CA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Prime commercial corner land with high visibility: Approx. 400 feet frontage on Bear Valley Rd. and 640 feet on Cobalt St.; Located on Bear Valley Road, the main commercial corridor and most travelled thoroughfare in Victorville.; Strategic location halfway between I‑15 and Highway 395.
    (213) 393-9980
    We can help!
    Listing Contact
    Jacqueline Pouratian
    Real Estate License ID: 00625871
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    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
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    12345 NW Bear Valley Road, Victorville, CA 92392
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