16937 Walnut Street Hesperia, CA 92345
COMMERCIAL - Hesperia, CA
- Added:
- Feb 7, 2026
- Days on Market:
- 156
- Last Refresh:
- Jul 13 at 12:06 pm
Property Features for 16937 Walnut Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0410172300000
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1988
Listing agent Kimberly Jarrard License #01840446 (760) 887-1122
Listing office RE/MAX FREEDOM 6562 Caliente Road Suite 106, HESPERIA, CA (760) 488-6471
Listing date Feb 7, 2026
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.
Investment Insights
Based on property information with market context.
Located at 16937 Walnut Street in Hesperia, California, the center is described as being in the heart of the community, with convenient access to major roadways. The surrounding area includes nearby residential neighborhoods and local businesses, supporting a broad range of neighborhood-oriented retail and service needs.
The tenanting and operating concept can be flexible. The property is presented as a fit for uses such as restaurant, service businesses, a church, or professional users, as well as other creative ventures aligned with neighborhood retail demand. For buyers and operators seeking a straightforward retail center with on-site parking and a location on a commercial corridor, this asset provides a practical platform to develop a modern mix of storefront and service-oriented space.
Key Highlights
- 7,863+/- SF commercial shopping center on Walnut Street in Hesperia
- Large parking lot with ample parking
- Central air cooling
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.2k | $14.40 |
| − Vacancy | −$6.6k | −$0.84 |
| EGI | $106.7k | $13.56 |
| − OpEx | −$32.0k | −$4.07 |
| NOI | $74.7k | $9.50 |
Alternative Uses
Property Analytics
Current Use by Public Records
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