Building Details

Year Built 1988

Listing Agency: MGR Real Estate, Inc Show Phone

Listed By: Randy Sanchez · License #01180997 Show Phone

Source: Exitrealty

Added: Mar 30 Changed: Sep 1 Last Checked: Sep 15 at 4:18AM

Report an Issue

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, Inc

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This commercial/light industrial building offers approximately 6,712 square feet of space on a 19,555 square foot lot. The property is situated along I Avenue, which provides high visibility and consistent daily traffic exposure. The building includes approximately 1,500 square feet of office space combined with a large insulated warehouse. The property is zoned C3 and equipped with 3-phase power, making it suitable for heavy-duty operations and expanding commercial or light industrial needs. It is suitable for a range of business uses and may be ideal for an owner-user or as an investment property. The bike score is 25, indicating it is somewhat bikeable, the walk score is 17, indicating it is car-dependent, and the transit score is 25, indicating some transit options are available. Buyers should independently verify all potential uses of the property with the City of Hesperia.

Key Highlights

• High visibility location on highly traveled I Avenue with consistent daily traffic exposure.
• ±6,712 SF free‑standing commercial/light industrial building on a ±19,555 SF lot.
• Approximately ±1,500 SF of office space combined with a large insulated warehouse.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,356

Cap Rate

6.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,087,120 $1.1M

Cap Rate 7%

$776,514 $776.5K

Cap Rate 9%

$603,956 $604.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,712 SF

Gross rent

$83.8K $12.48/SF

− Vacancy

−$6.1K −$0.91/SF

EGI

$77.7K $11.57/SF

− OpEx

−$23.3K −$3.47/SF

NOI

$54.4K $8.10/SF

Area

Hesperia, CA

Vacancy

7.30%

Lease Rate

$12.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,087,120

Cap Rate 7%

$776,514

Cap Rate 9%

$603,956

Alternative Uses

Best Use

Flex RnD

$1.25M

$1.10M – $1.46M (±1% cap)

NOI $87,640 @ 7.0% cap · market cap 10.31%

Second Best

Industrial

$776.5K

$679.5K – $905.9K (±1% cap)

NOI $54,356 @ 7.0% cap · market cap 6.39%

Theoretical Best

Office A

$1.90M

$1.67M – $2.22M (±1% cap)

NOI $133,252 @ 7.0% cap · market cap 15.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

National Coatings & Supplies Hardware & Home Improvement

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Daycare Center Grocery & Convenience Store Bakery Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

643

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar For Sale Nearby

See more

Open-Layout Flex Space

11650 I Ave, Hesperia, CA 92345

$675,000

5,488 SF

View details

Hesperia Industrial Property For Sale

17565 Alder ST, Hesperia, CA 92345

$1,500,000

9,000 SF

View details

Commercial Shopping Center with Large Parking

16937 Walnut St, Hesperia, CA 92345

$1,150,000

7,863 SF

View details

Hesperia Commercial Property For Sale

14895 Bear Vly, Hesperia, CA 92345

$1,980,000

View details

Multi-Tenant Auto Service Property

16559 Bear Valley, Hesperia, CA 92345

$1,200,000

4,950 SF

View details

Restaurant With New Equipment

12699 Main Unit 130, Hesperia, CA 92345

$425,000

8,266 SF

View details

Hesperia Commercial Building For Sale

17537 Bear Valley Rd, Hesperia, CA 92345

$1,200,000

0.48 Acres

View details

Hesperia Mixed-Use Retail Property

12033 Mariposa, Hesperia, CA 92345

$2,649,000

8,630 SF

View details

Mixed-Use Property with Liquor Store

14333 Main Street, Hesperia, CA 92345

$1,600,000

3,464 SF

View details

Hesperia Industrial Property on Large Lot

17011 Darwin Ave, Hesperia, CA 92345

$1,700,000

2,903 SF

View details

Turnkey Cigar Lounge and Retail

16-12221 Poplar St, Hesperia, CA 92344

$70,000

2,222 SF

View details

Industrial Distribution Center

10350-10360 I Avenue, Hesperia, CA 92345

$3,800,000

View details

Frequently Asked Questions

What type of property is this?

Flex space - Freestanding commercial/light industrial building with office and warehouse space.

Where is this flex space located?

The property is located at 11810 I Avenue Hesperia, CA.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: High visibility location on highly traveled I Avenue with consistent daily traffic exposure.; ±6,712 SF free‑standing commercial/light industrial building on a ±19,555 SF lot.; Approximately ±1,500 SF of office space combined with a large insulated warehouse.