Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16490 Walnut Street Hesperia, CA 92345

    View on Map
    Claim this Listing
    For Lease
    $1.10 SF/Yr $550/Mo (calc)

    Commercial Lease - Hesperia, CA

    Property size:
    6,000 SF
    Added:
    May 24, 2023
    Days on Market:
    1065
    Last Refresh:
    Apr 22 at 7:06 am

    Property Features for 16490 Walnut Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    NC
    Standard status
    Active
    APN
    0413072160000
    Size
    6,000 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Architectural style
    Other

    We can help!

    Listing Contact
    Gustavo Macias
    Gustavo Macias

    Listing agent Gustavo Macias License #01758792

    Listing office Coldwell Banker Commercial Rea 12138 Industrial Blvd, #100, Victorville, CA

    Listing date May 24, 2023

    MLS# HD23087838 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.

    Overview

    Hesperia Commercial Space with Storage

    Located just off Hesperia Rd and Walnut St, this multi-unit office building, known as Walnut West Plaza, offers high visibility and ample parking. Suite A features approximately 6000 square feet of move-in ready office space, complemented by an additional 2000 square feet of storage on the second floor accessible via roll-up doors. The office area includes a reception area, three private offices, a meeting room, three bathrooms, and a kitchenette. The property also features a climate-controlled warehouse space with 18-foot ceilings, encompassing approximately 3600 square feet. This commercial space is suitable for various businesses, including air conditioning companies, professional offices, insurance services, loan mortgage providers, service companies, and medical suppliers. The property is located in Hesperia, San Bernardino County, California, with zoning designated as NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Finest of the Wheat Community ... Church Foo Dogs Martial ... Training Center Cubit Engineering Land Surveyor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.303081
    Latitude
    34.42093

    Nearby Similar for Lease

    • Contact for pricing

      Hesperia Commercial Space I-15 Frontage

      Showroom-style suite with I-15 visibility in Hesperia, CA.
      12033 Mariposa, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Hesperia Mixed-Use Commercial Space

      Adaptable 1,000 SF space suitable for retail or office.
      14920 Main St Unit #3, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Turnkey Bakery/Cafe Space Available

      Fully equipped commercial space ideal for bakery or cafe.
      14920 Main St Unit #2, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Hesperia Warehouse and Office Space

      Commercial lease featuring warehouse and office space with freeway frontage.
      11768 Mariposa Road, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Freeway Frontage Showroom/Office/Retail Space

      High-exposure commercial lease with freeway frontage and flexible layout.
      12033 Mariposa, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Prime Hesperia Retail Space Available

      High-traffic location perfect for retail, service, or restaurant businesses.
      14875 Main Street #105, Hesperia, CA 92345
      View Details
    • $1.35/mo

      Versatile Retail/Office Space Available

      Adaptable retail/office space in a high-traffic Hesperia location.
      12052 Hesperia Rd., Suite 5, Hesperia, CA 92345
      View Details
    • $0.20/mo

      Trucking Yard and Service Shop

      Trucking yard and service shop on 6.37 acres available.
      12135 Scarbrough Court, Hesperia, CA 92344
      View Details
    • Contact for pricing

      Office Building for Lease

      Office building with recent updates available for lease.
      15885 Bear Vly, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Industrial Condo Complex For Lease

      Multi-tenant industrial condo complex featuring office and warehouse space.
      17229 Lemon St C3, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Clock Tower Professional Center Office

      Small office suites for lease in Hesperia, California.
      16501 Walnut St 3, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Hesperia Office Space For Rent

      Well-appointed office space in Hesperia's active commercial corridor.
      12601 Jacaranda Ave, Hesperia, CA 92395
      View Details

    FAQs

    What type of property is this?
    Strip mall - Multi-unit building with office, warehouse, and storage space.
    Where is this strip mall located?
    The property is located at 16490 Walnut Street Hesperia, CA.
    What is the lease rate?
    The lease rate is $1.10 SF/Yr.
    What are key features of this property?
    This property features: Highly visible location off Hesperia Rd and Walnut St.; Large space: +-6000sf office space plus 2000sf storage.; Climate‑controlled warehouse with 18' ceilings (approximately +-3600sf).
    (626) 523-1730
    We can help!
    Listing Contact
    Gustavo Macias
    Gustavo Macias
    Real Estate License ID: 01758792
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!