Commercial Building with Warehouse
For Sale
$850,000
11810 I Avenue, Hesperia, CA 92345
Freestanding commercial/light industrial building with office and warehouse space.
Property Size6,712 SF
Lot Size0.45 Acres
Price / SF$126.64
Days on Market193
Property Features for 11810 I Avenue
General Information
Standard status
Active
Size
6,712 SF
Lot size
0.45 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1988
Listing Agency:
MGR Real Estate, Inc
(760) 955-7888
Listed By:
Randy Sanchez · License #01180997
(760) 684-2139
Source:
Exitrealty
Added: Mar 30
Changed: Sep 1
Last Checked: Sep 15 at 4:18AM
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
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
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
NOI $87,640 @ 7.0% cap · market cap 10.31%
Second Best
Industrial
$776.5K
$679.5K – $905.9K
NOI $54,356 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.90M
$1.67M – $2.22M
NOI $133,252 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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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.
