Hesperia Retail and Multifamily
15928 Main St & 9565 7th Ave Hesperia, CA
15928 Main St & 9565 7th Ave, Hesperia, CA, 00000
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For Sale
Contact for pricing
Retail property with additional multifamily building for sale in Hesperia.
Property Size8,792 SF
Lot Size0.72 Acres
Price / SF$221.79
Days on Market854
Property Features for 15928 Main St & 9565 7th Ave
General Information
- Standard status
- Active
- Size
- 8,792 SF
- Lot size
- 0.72 Acres
- Property subtype
- RETAIL
Listing Agency
Lawrence Allen & Associates
(626) 705-5277
Listed by
Andrew Chan
(626) 705-5277
Source
Moodyscre
Added: Mar 20, 2024 Updated: Jul 10 at 11:37 am Checked: Jul 20 at 4:06 am
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 Lawrence Allen & Associates
Investment Insights
Based on property information with market context.
This property features a retail location in Hesperia, situated blocks from City Hall. The sale includes an 8,792 square foot retail space and a vacant four-unit building located at 9565 7th Ave.
Key Highlights
- Prime retail location in the heart of Hesperia.
- Includes a vacant, 4‑unit building in the rear.
- Located just blocks from City Hall.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $189.9k | $21.60 |
| − Vacancy | −$10.4k | −$1.19 |
| EGI | $179.5k | $20.41 |
| − OpEx | −$53.8k | −$6.12 |
| NOI | $125.6k | $14.29 |
8,792 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.79M
$1.57M – $2.09M
NOI $125,624 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$1.65M
$1.44M – $1.93M
NOI $115,521 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,546 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail property with additional multifamily building for sale in Hesperia.
Where is this retail space located?
The property is located at 15928 Main St & 9565 7th Ave Hesperia, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime retail location in the heart of Hesperia.; Includes a vacant, 4‑unit building in the rear.; Located just blocks from City Hall.
