Established Car Lot, Prime Location, High Visibility
Property size:
870 SF
Description
Added:
Feb 3, 2025
Days on Market:
338
This exceptional retail property, located at 15120 Palmdale Road in Victorville, CA, presents a unique investment opportunity. Boasting a highly visible location just half a mile from Interstate 15, this 870 square foot building has served as a well-established car lot for 29 years. The property benefits from a newly installed signalized intersection, maximizing exposure to the high traffic volume on Palmdale Road. The 0.57-acre lot (25,000 square feet) features chain link fencing, providing ample space and security. The building itself includes two private offices, a spacious sales floor/office area, a reception area, restroom, break room, and a storage/utility room. Excellent ingress and egress are facilitated by two driveways, and nighttime visibility is enhanced by box pole lights and a large lighted pylon sign. The property's strategic location on State Route 18, a major artery connecting Interstate 15 and US Highway 395, ensures access to Hesperia, Adelanto, and Victorville, as well as San Bernardino, Riverside, and San Diego counties. Surrounding businesses include numerous automotive dealerships (CarXchange, Sunland Ford, Victorville Hyundai & Mazda), major retailers (Walmart, Walgreens, CVS, O'Reilly Auto Parts, AutoZone, Les Schwab, Starbucks, Del Taco, Taco Bell, McDonald's, Subway), and other retail establishments and gas stations. A 5-year NNN lease is available at $4,000 per month, with an $8,000 security deposit and a 5-year option. This property offers significant potential for continued success in a thriving commercial area.
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15120 Rd Victorville, CA 92392
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Realmo Value Estimation
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.
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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.
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.
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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15120 Rd Victorville, CA 92392
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15120 Rd, Victorville, CA
Gina Schene
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Gina Schene
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