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    Chamberlain Way Retail Center Spaces Title is generated by Realmo AI

    11424 Chamberlaine Way, Adelanto, CA 92301

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    Retail and medical spaces available for lease in Adelanto.

    Type:Retail
    Property size:
    1,720 SF
    Lot size:
    3.99 Acres
    Added:
    Mar 30, 2020
    Days on Market:
    2234
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 11424 Chamberlaine Way

    General Information

    Standard status
    Active
    Size
    1,720 SF
    Lot size
    3.99 Acres
    Property subtype
    Retail

    Spaces For Lease

    at 11424 Chamberlaine Way Contact us

    Suite 4 $1.00 /Mo

    Size
    800 SF
    Type
    Retail
    Rent $1.00 psf + NNN (0.35 psf).
    Contact us

    Suite 8 & 9 $1.15 /Mo

    Size
    1,720 SF
    Type
    Retail
    Rent $1.15 psf + NNN (0.35 psf).
    Contact us

    We can help!

    Listing Contact
    Paul Tan

    Listing agent Paul Tan License #CA 01841921

    Listing office MGR Real Estate

    Listing date Mar 30, 2020

    Source Crexi

    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 MGR Real Estate

    HighLights

    • Located at the NWC corner of HWY 395 and Chamberlaine Way in Adelanto.
    • Anchored by a Convenience Store & gas station, features a freestanding restaurant/drive thru.
    • Turn key medical space available (Suite 8 & 9, 1,720 sf) with 5 exam rooms, 4 offices, nurses station, hazardous waste storage, 2 toilets & store room.
    • Retail In‑line spaces available (Suite 4 & 5), 800 sf each, maximum contiguous 1,600 sf.
    • Located in an underserved retail market.
    • Good tenant mix including Convenience Store, Raul's Mexican Restaurant, Saul's Fresh Produce and Family Services of San Bernardino.

    Overview

    Retail in-line spaces are available for lease at the Chamberlain Way Retail Center in Adelanto. Suite 4 offers 800 square feet, and Suite 5 also provides 800 square feet, with a maximum contiguous space of 1,600 square feet. Additionally, there is a turn-key medical space available for lease, comprising Suites 8 and 9, totaling 1,720 square feet. This medical space includes 5 exam rooms, 4 offices, a nurses' station area, a hazardous waste storage area, 2 toilets, and a storeroom. The Retail Center is a multi-tenant property consisting of approximately 14,312 square feet, situated on the northwest corner of Highway 395 and Chamberlaine Way in Adelanto, located on a 3.998-acre lot. Anchored by a convenience store and gas station, the property also features a freestanding restaurant with a drive-thru. It serves the Adelanto area, which is considered an underserved retail market, and has a tenant mix that includes a convenience store, Raul's Mexican Restaurant, Saul's Fresh Produce, and Family Services of San Bernardino.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Adelanto
    County
    San Bernardino
    State
    California
    Longitude
    -117.4159191
    Latitude
    34.5869772

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    FAQs

    What type of property is this?
    Retail space - Retail and medical spaces available for lease in Adelanto.
    Where is this retail space located?
    The property is located at 11424 Chamberlaine Way Adelanto, CA.
    What are key features of this property?
    This property features: Located at the NWC corner of HWY 395 and Chamberlaine Way in Adelanto.; Anchored by a Convenience Store & gas station, features a freestanding restaurant/drive thru.; Turn key medical space available (Suite 8 & 9, 1,720 sf) with 5 exam rooms, 4 offices, nurses station, hazardous waste storage, 2 toilets & store room.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Tan
    Real Estate License ID: CA 01841921
    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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