Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    16937 Walnut St Hesperia, CA 92345

    Sponsored
    For Sale
    $1,399,000

    Commercial Sale - Hesperia, CA

    Property size:
    7,863 SF
    Days on Market:
    1
    Last Refresh:
    Feb 7 at 9:06 pm

    Property Features for 16937 Walnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0410172300000
    Size
    7,863 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Architectural style
    Other

    We can help!

    Listing Contact
    Kimberly Jarrard

    Re/Max Freedom (760) 887-1122

    Listing agent Kimberly Jarrard (760) 488-6471 License #01840446

    Listing date Feb 7, 2026

    MLS# HD26028592 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.

    Learn more

    Property Insight Report

    Overview

    Hesperia Commercial Shopping Center

    This commercial shopping center, totaling 7,863 square feet, is situated on Walnut Street in Hesperia, California. The property benefits from its location within an established commercial corridor, offering good visibility and access. A large parking lot provides ample parking space. The property is located near major roadways, residential neighborhoods, and local businesses, contributing to steady traffic and strong tenant demand in the area. The property is suited for a potential restaurant, service businesses, church, professional users, or other creative ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pastimes Antique Mall Home Decor Store Posh Paws Grooming ... Pet Grooming Service Blondie's Studio Salon Hair Salon Jimmy's High Desert ... Barber Shop Industrial Ink Tattoo & Piercing Shop

    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.

    Similar Places Nearby

    ROSE PLAZA, Coin Cloud Bitcoin ATM, Hickorytree Plaza, CoinMover Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.2944708
    Latitude
    34.4187923

    Nearby Similar for Sale

    • $3,800,000
      4,704 SF

      Premier Equestrian and Event Facility

      30+ acre equestrian facility with conditional use permit for racing.
      9983 Choiceana Ave, Hesperia, CA 92345
      View Details
    • $949,999
      3,200 SF

      Hesperia Commercial Property For Sale

      3,200 sq ft commercial property suitable for various business uses.
      9179 G Ave, Hesperia, CA 92345
      View Details
    • $9,500,000
      3,500 SF

      Iconic Fuel Center Opportunity

      High-traffic fuel center with convenience store and expansion potential.
      6000 Mariposa Rd, Hesperia, CA 92344
      View Details
    • $535,000
      1,416 SF

      Hesperia Duplex: Income Opportunity

      Well-maintained Hesperia duplex with income potential and remodeled features.
      16209 Juniper St, Hesperia, CA 92345
      View Details
    • $528,000
      10,454 SF

      Freestanding Office Building in Hesperia

      Well-maintained office building with ample parking in Hesperia, California.
      16000 Yucca St, Hesperia, CA 92345
      View Details
    • $475,000
      1,680 SF

      Updated Duplex with Garages

      Updated duplex with garages, great investment opportunity in Hesperia, CA.
      16476 Olive St, Hesperia, CA 92345
      View Details
    • $950,000
      1,110 SF

      Retail Property on Bear Valley

      Commercial property for sale with frontage on Bear Valley Road.
      17085 Bear Valley Rd, Hesperia, CA 92345
      View Details
    • $475,000
      1,728 SF

      Hesperia Commercial Building on Main

      Standalone 1,728 SF commercial building on 0.35 acres.
      14377 Main St, Hesperia, CA 92345
      View Details
    • $450,000
      4,600 SF

      Commercial Building in Hesperia, CA

      Commercial building with potential for multiple units in Hesperia.
      16221 Yucca St, Hesperia, CA 92345
      View Details
    • $395,000
      2,000 SF

      Hesperia Commercial Building For Sale

      2,000 sq. ft. commercial building in Hesperia, CA.
      16083 Main St, Hesperia, CA 92345
      View Details
    • $1,599,999

      Hesperia Industrial Investment Opportunity

      Seven-unit industrial property in Hesperia's industrial hub, fully occupied.
      11129 G Ave, Hesperia, CA 92345
      View Details
    • $6,720,000
      15,120 SF

      Walgreens NNN Lease Opportunity

      Single-tenant Walgreens with a new 5-year lease extension.
      17051 Bear Valley Rd, Hesperia, CA 92345
      View Details

    FAQs

    What type of property is this?
    Shopping center - 7,863 SF shopping center in established commercial corridor.
    Where is this shopping center located?
    The property is located at 16937 Walnut St Hesperia, CA.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - High-visibility location on Walnut Street in an established commercial corridor.; - Large parking lot with ample parking.; - 7,863± square foot commercial shopping center.
    (760) 488-6471
    Request Owner's contact information
    16937 Walnut St Hesperia, CA 92345
    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.
    16937 Walnut St
    Hesperia, CA 92345
    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
    16937 Walnut St Hesperia, CA 92345
    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

    We can help!
    Listing Contact
    Kimberly Jarrard
    Real Estate License ID: 01840446
    (760) 488-6471
    Learn more
    Google sign-in failed. Please try again or use another login method.