Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18056 Wika Rd Apple Valley, CA 92307

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,793,000

    Medical/professional building near St. Mary Medical Center.

    Lot size:
    5.62 Acres

    Property Features for 18056 Wika Rd

    General Information

    Standard status
    Active
    Lot size
    5.62 Acres

    Building Details

    Year built
    1991

    We can help!

    Listing Contact
    Lynda Thomasson
    Lynda Thomasson
    Source: Elliman

    Listing Agency: Re/Max Freedom Listing Agent: Lynda Thomasson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Apple Valley Medical Center Opportunity

    The Wika Medical Center presents a commercial opportunity in Apple Valley. This centrally located medical and professional building offers over 9,000 square feet across four suites, situated on two parcels totaling more than 24,000 square feet. The location offers visibility, situated a block west of St. Mary Medical Center. One suite features a Medicare-certified surgery center. The property has been maintained with newer A/C units, tile and carpeting, and minimal landscaping. Zoned General Commercial, this building offers flexibility for a variety of professional or medical uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Moothedath Menon, ... Physician Om Prakash, MD ... Physician Wika Medical Center Medical Clinic Anaya Women's Group Physician Radha Menon, MD Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Apple Valley Animal Hospital, Tess Clark, Andrea Sherman, Eryn Dinisi, Real Joseph DVM

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.2701504
    Latitude
    34.54089

    Nearby Similar for Sale

    • New
      $289,900
      1,510 SF

      Renovated Commercial Building in Apple Valley

      Meticulously renovated commercial building with modern workspace and dynamic floor plan.
      21948 Us Highway 18, Apple Valley, CA 92307
      View Details
    • $585,000
      2,615 SF

      Apple Valley Triplex Investment Opportunity

      Triplex in Apple Valley with ADU potential on large lot.
      13073 Mohawk Rd, Apple Valley, CA 92308
      View Details
    • $150,000
      2,640 SF

      Established Bakery Business Opportunity

      Premier bakery serving Apple Valley for over 20 years.
      18429 Ca-18, Apple Valley, CA 92307
      View Details
    • $3,250,000
      38,215 SF

      Unique Apple Valley Commercial Opportunity

      Versatile commercial property with owner financing in Apple Valley.
      22092 Us Highway 18, Apple Valley, CA 92307
      View Details
    • $650,000
      3,372 SF

      Apple Valley Triplex Investment Opportunity

      Well-maintained triplex in a prime Apple Valley location.
      20958 Nisqually Rd, Apple Valley, CA 92308
      View Details
    • $2,825,000
      12,438 SF

      Industrial Flex Investment Opportunity

      Fully occupied industrial flex property in Apple Valley's commercial corridor.
      13631 Pawnee Rd, Apple Valley, CA 92308
      View Details
    • $650,000
      5,130 SF

      Apple Valley Retail Building For Sale

      Commercial retail building in Apple Valley's Historic Village area.
      21878 Us Highway 18, Apple Valley, CA 92307
      View Details
    • $6,500,000
      52,000 SF

      Apple Valley Plaza Commercial Opportunity

      Unfinished commercial property in high-traffic Apple Valley location.
      22311 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • $136,000
      5,806.00 Acres

      RV Resort Lot in Apple Valley

      Spacious RV resort lot with utilities, amenities, and convenient location.
      19348 Birdie Way, Apple Valley, CA 92308
      View Details
    • $200,000
      4,500.00 Acres

      Jess Ranch RV Lot

      Corner lot in a vibrant RV community.
      11555 Wedgewood Dr, Apple Valley, CA 92308
      View Details
    • $950,000

      Leased Automotive Building For Sale

      Fully leased automotive repair building with fenced storage yard.
      18285 Us Highway 18, Apple Valley, CA 92307
      View Details
    • $650,000

      Retail Building in Historic Village

      Commercial retail building in Apple Valley's Historic Village area.
      21878 Us Highway 18, Apple Valley, CA 92307
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical/professional building near St. Mary Medical Center.
    Where is this medical office space located?
    The property is located at 18056 Wika Rd Apple Valley, CA.
    What is the asking price?
    The asking price for this property is $1,793,000.
    What are key features of this property?
    This property features: - Prime location one block from St. Mary Medical Center, offering excellent visibility and access for healthcare professionals.; - Includes a **fully approved Medicare-certified surgery center** within one of the four suites.; - Substantial size: over 9,000 sq. ft. across four suites on two parcels totaling more than 24,000 sq. ft.
    (760) 701-0227
    Request Owner's contact information
    18056 Wika Rd Apple Valley, CA 92307
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18056 Wika Rd
    Apple Valley, CA 92307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18056 Wika Rd Apple Valley, CA 92307
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lynda Thomasson
    Lynda Thomasson
    Real Estate License ID: 01516092
    (760) 701-0227 (760) 488-6471
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!