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    11328-11374 Bartlett Ave, Adelanto, CA 92301

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    For Sale
    $985,000

    Package of three buildings with six office/retail units, fully occupied and currently generating over $100,000 gross annually.

    Type:Commercial
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 3:28 am

    Property Features for 11328-11374 Bartlett Ave

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    John Connolly

    Listing agent John Connolly

    Listing office CPI Capital Properties

    Listing date Jun 4, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CPI Capital Properties

    HighLights

    • Commercial income package in Adelanto, CA: three buildings on a 20,500 SF lot with five office/retail units total.
    • All units are fully occupied at 100% occupancy, with over $100,000 in gross annual income.
    • 11328 Bartlett Ave includes two structures: four 2,444 SF office/retail units and a 2,088 SF single unit (tax/business service office).
    • 11374 Bartlett Ave third building includes a 1,125 SF single unit occupied by a counseling office.
    • Frontage on high‑traffic Bartlett Ave and about one block from Hwy 395; close to Interstate‑15 for access to Southern CA.

    Overview

    This for-sale package includes three buildings developed on a 20,500-square-foot lot, offering a total of six office/retail units. The configuration includes two structures at 11328 Bartlett Ave and one building at 11374 Bartlett Ave. At 11328 Bartlett Ave, the first building is split into four units totaling 2,444 square feet and is fully occupied by healthcare/dental tenants, and a second unit totals 2,088 square feet and is fully occupied by a tax/business service office. At 11374 Bartlett Ave, the third building is one unit totaling 1,125 square feet and is fully occupied by a counseling office. Combined, the properties provide 5,657 square feet of rentable space.

    The site is positioned in the heart of Adelanto’s business district, with one block access to Hwy 395 and close proximity to Interstate-15. It also has frontage along Bartlett Ave, with high levels of daily drive-by traffic noted in the remarks.

    For investors or owner-operators seeking an income-producing, stabilized setup, this package is currently 100% occupied across all units and is described as generating over $100,000 in gross annual income. The remarks also cite local infrastructure improvements tied to the Bartlett Ave rehabilitation project and additional regional industrial and manufacturing activity.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Adelanto
    County
    San Bernardino
    State
    California
    Longitude
    -117.4171861
    Latitude
    34.5794636

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    FAQs

    What type of property is this?
    Office building - Package of three buildings with six office/retail units, fully occupied and currently generating over $100,000 gross annually.
    Where is this office building located?
    The property is located at 11328-11374 Bartlett Ave Adelanto, CA.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: Commercial income package in Adelanto, CA: three buildings on a 20,500 SF lot with five office/retail units total.; All units are fully occupied at 100% occupancy, with over $100,000 in gross annual income.; 11328 Bartlett Ave includes two structures: four 2,444 SF office/retail units and a 2,088 SF single unit (tax/business service office).
    (760) 951-5242
    We can help!
    Listing Contact
    John Connolly
    Learn More
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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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    11328-11374 Bartlett Ave, Adelanto, CA 92301
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