Flex Building with Fenced
For Sale
$2,649,000
12033 Mariposa, Hesperia, CA 92345
C-2 commercial zoning and a layout combining showroom, office, warehouse, and secured outdoor storage areas.
Property Size8,630 SF
Lot Size0.59 Acres
Price / SF$306.95
Days on Market90
Property Features for 12033 Mariposa
General Information
Standard status
Active
Size
8,630 SF
Lot size
0.59 Acres
Property subtype
Retail
Zoning
C-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
16 ft
Taxes and HOA fees
Annual Taxes
$20,427
Amenities
secure fenced yard
roll-up garage door
Building Details
Building Size
8,630 SF
Year Built
2001
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX FREEDOM
(760) 887-1122
Listed By:
Emily Stiltz · License #02233666
Source:
Velocityrealtysd
Added: May 13
Changed: Aug 9
Last Checked: Aug 9 at 3:00PM
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 RE/MAX FREEDOM
Investment Insights
Based on property information with market context.
This 8,630-square-foot flex property, built in 2001, occupies a 25,843-square-foot lot in Hesperia. The C-2 Commercial-zoned building is currently arranged as two suites, with potential for three separate suites. Suite C contains approximately 2,200 square feet and is tenant occupied, while Suites A and B are combined. Showroom and office areas offer approximately 10-foot ceilings, and the warehouse includes approximately 16-foot ceilings, a roll-up garage door, and space for storage, operations, and distribution.
The property fronts Interstate 15 and includes a gated, secure yard enclosed by solid wrought iron fencing. The outdoor area accommodates vehicles, equipment, materials, and storage. Its configuration includes showroom, office, warehouse, and yard components, with access and exposure along the freeway corridor. Zoning, permitted uses, square footage, and other property information should be verified with the City of Hesperia.
The property fronts Interstate 15 and includes a gated, secure yard enclosed by solid wrought iron fencing. The outdoor area accommodates vehicles, equipment, materials, and storage. Its configuration includes showroom, office, warehouse, and yard components, with access and exposure along the freeway corridor. Zoning, permitted uses, square footage, and other property information should be verified with the City of Hesperia.
Key Highlights
- 8,630 SF commercial building on a 25,843 SF lot
- C‑2 Commercial zoning with two existing suites and potential for three
- Suite C measures approximately 2,200 SF and is tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$128,622
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,572,440
$2.6M
Cap Rate 7%
$1,837,457
$1.8M
Cap Rate 9%
$1,429,133
$1.4M
Market Conditions
NOI Build-Up for 8,630 SF
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.
Gross rent
$186.4K $21.60/SF
− Vacancy
−$14.9K −$1.73/SF
EGI
$171.5K $19.87/SF
− OpEx
−$42.9K −$4.97/SF
NOI
$128.6K $14.90/SF
Area
Hesperia, CA
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,572,440
Cap Rate 7%
$1,837,457
Cap Rate 9%
$1,429,133
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.14M
NOI $128,622 @ 7.0% cap · market cap 4.86%
Second Best
Flex RnD
$1.61M
$1.41M – $1.88M
NOI $112,684 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,330 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - C-2 commercial zoning and a layout combining showroom, office, warehouse, and secured outdoor storage areas.
Where is this flex space located?
The property is located at 12033 Mariposa Hesperia, CA.
What is the asking price?
The asking price for this property is $2,649,000.
What are key features of this property?
This property features: 8,630 SF commercial building on a 25,843 SF lot; C‑2 Commercial zoning with two existing suites and potential for three; Suite C measures approximately 2,200 SF and is tenant occupied
