Open-Layout Flex
11650 I Ave, Hesperia, CA 92345
For Sale
$675,000
Cubicle workstations, open floor areas and two multi-stall restrooms provide a range of interior configurations.
Property Size5,400 SF
Lot Size0.41 Acres
Price / SF$122
Days on Market50
Property Features for 11650 I Ave
General Information
Standard status
Size
Lot size
Additional Details
Road Access
Amenities
office cubicles
broad open spaces
two multi-stall restrooms
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Castillo Realty
Listed By:
Guadalupe Lechuga · License CA #01194720
(310) 503-4265
Source:
Myfabuloushome
Added: Sep 26
Changed: Nov 9
Last Checked: Oct 7 at 3:34PM
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 Castillo Realty
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Investment Insights
Based on property information with market context.
This 1982 flex-space property combines office cubicles with broad open areas and two multi-stall restrooms. Paved parking is provided on site, and the parcel covers 0.41 acres. The property is located at 11650 I Ave in Hesperia.
Key Highlights
- Flexible interior combines cubicle workstations and open floor areas
- Two multi‑stall restrooms
- 0.41‑acre parcel with paved on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,111
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,220
$1.0M
Cap Rate 7%
$744,443
$744.4K
Cap Rate 9%
$579,011
$579.0K
Market Conditions
NOI Build-Up for 5,488 SF
Gross rent
$79.0K $14.40/SF
− Vacancy
−$4.6K −$0.84/SF
EGI
$74.4K $13.56/SF
− OpEx
−$22.3K −$4.07/SF
NOI
$52.1K $9.50/SF
Area
Hesperia, CA
Vacancy
5.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,220
Cap Rate 7%
$744,443
Cap Rate 9%
$579,011
Alternative Uses
Best Use
Flex RnD
$1.02M
$895.7K – $1.19M
NOI $71,658 @ 7.0% cap · market cap 10.62%
Second Best
Retail
$744.4K
$651.4K – $868.5K
NOI $52,111 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,952 @ 7.0% cap · market cap 16.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92345, CA
86,499
Population
27,247
Households
3.2
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
98.9 sq mi
ZIP Area
875
Density / Sq Mi
$65,949
Median Household Income
$37,235
Median Earnings
$1,499
Median Rent
$359,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in San Bernardino County, CA
Properties on Market for Flex space in San Bernardino County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- MAIN STREET CATERING — 11114 G Ave #3, Hesperia, CA 92345
Frequently Asked Questions
What type of property is this?
Flex space - Cubicle workstations, open floor areas and two multi-stall restrooms provide a range of interior configurations.
Where is this flex space located?
The property is located at 11650 I Ave Hesperia, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Flexible interior combines cubicle workstations and open floor areas; Two multi‑stall restrooms; 0.41‑acre parcel with paved on‑site parking
