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    Medical Office Space Near Hospital Title is generated by Realmo AI

    18092 Wika, Apple Valley, CA 92307

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    For Lease
    $2,000/Mo $17 SF/Yr (calc)

    Commercial Lease - Apple Valley, CA

    Property size:
    1,400 SF
    Added:
    Apr 9, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 18092 Wika

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    0473462130000
    Size
    1,400 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Architectural style
    Other

    We can help!

    Listing Contact
    Gina Cerchio
    Gina Cerchio

    Listing agent Gina Cerchio License #01969150

    Listing office First Team Real Estate 15545 Bear Valley Rd. Suite A, Newport Beach, CA

    Listing date Apr 9, 2026

    MLS# OC26075890 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 location near St. Mary Medical Center, ideal for medical practices
    • High visibility with excellent Highway 18 frontage
    • Well‑suited layout with 3 exam rooms with sinks, plus a fourth patient room
    • Gross lease with select utilities included, simplifying operating expenses
    • Flexible landlord offering interior paint and reasonable improvements
    • Spacious waiting area, reception window, and large administrative area

    Overview

    This commercial space is located in close proximity to St. Mary Medical Center. The property benefits from high visibility due to its frontage on Highway 18. The layout is suited for medical use, but other professional uses may be considered. The suite features three exam rooms with sinks, a fourth patient room, and two restrooms. It also includes a spacious waiting area with a reception window and a large administrative workspace featuring cabinetry and counter space. A secondary entrance behind the administrating area adds convenience for staff and operations. The space is approximately 1400 square feet. The landlord is offering interior paint and reasonable improvements, with willingness to discuss cost-sharing on more extensive upgrades. The lease is a gross lease, with the owner covering select utilities. There is one reserved parking spot, and client parking is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aria Medical Billing Medical Billing Service Damiani Stephen M ... Physician Interventional Radiation Oncology ... Medical Clinic SAMAN SHAFAAT TALAB Physician Chiropractic Institute of High ... Alternative Medicine Practice

    Suggested Use

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

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

    Similar Places Nearby

    • Apple Valley Animal Hospital — 18107 CA-18, Apple Valley, CA 92307
    • Tess Clark — 18107 CA-18, Apple Valley, CA 92307
    • Andrea Sherman — 18107 CA-18, Apple Valley, CA 92307
    • Eryn Dinisi — 18107 CA-18, Apple Valley, CA 92307
    • Real Joseph DVM — 18107 Outer Hwy 18 S, Apple Valley, CA 92307

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.2694354
    Latitude
    34.5409822

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    FAQs

    What type of property is this?
    Medical Office Space - High-visibility office space ideal for medical or professional use.
    Where is this medical office space located?
    The property is located at 18092 Wika Apple Valley, CA.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Prime location near St. Mary Medical Center, ideal for medical practices; High visibility with excellent Highway 18 frontage; Well‑suited layout with **3 exam rooms with sinks**, plus a fourth patient room
    (949) 426-1932
    We can help!
    Listing Contact
    Gina Cerchio
    Gina Cerchio
    Real Estate License ID: 01969150
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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.

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