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    Industrial Condo Warehouse Unit Title is generated by Realmo AI

    12221 Poplar Street, Oak Hills, CA 92344

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    Claim this Listing
    Pending
    $475,000

    COMMERCIAL - Oak Hills, CA

    Property size:
    2,222 SF
    Added:
    Oct 20, 2023
    Days on Market:
    987
    Last Refresh:
    Jul 2 at 9:06 am

    Property Features for 12221 Poplar Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    IND
    Standard status
    Pending
    APN
    3064641240000

    Utilities

    Cooling system
    Heat Pump

    Building Details

    Year built
    2006

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    NANETTE MURPHY

    Listing agent NANETTE MURPHY License #01088214

    Listing office REALTY ONE GROUP EMPIRE 12765 Main St #640, Oak Hills, CA

    Listing date Oct 20, 2023

    MLS# EV23195877

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unit #17 industrial condo with approximately 2,222 SF total space
    • Warehouse area is approximately 1,780 SF, plus a foyer/showroom/office area
    • Kitchen and bath areas total approximately 442 SF
    • 20' ceilings with a large roll‑up door and a separate man door
    • Large front windows provide space for signage
    • Heat pump cooling

    Overview

    Unit #17 is an industrial condo warehouse offering approximately 1,780 square feet of warehouse space, along with an interior foyer/showroom/office and an included kitchen and bath area of approximately 442 square feet, for a total of about 2,222 square feet. The front features large windows and space suitable for signage. The unit has 20-foot ceilings and includes a large roll-up door plus a separate man door.

    The property is offered for sale and is identified as an industrial condo, a form of ownership where each unit is individually owned as industrial, office, or retail space, combined with joint ownership of commonly used areas such as land, garages, parking, sidewalks, hallways, stairs, lobbies, and other shared components. The seller notes that buyers should confirm City of Hesperia requirements, fees, and details.

    This unit can be a practical fit for small businesses seeking an owned space with dedicated office-support area at the front and functional warehouse height and loading access. The large front windows and signage space also support tenants who want visibility from the exterior while maintaining a warehouse-focused layout.

    Local Financial Insights For Office B

    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 $37.9k $17.04
    − Vacancy −$3.0k −$1.35
    EGI $34.9k $15.69
    − OpEx −$8.7k −$3.92
    NOI $26.2k $11.77
    2,222 SF · lease $17.04/SF/yr · vacancy 7.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $373.6K
    $326.9K – $435.9K (±1% cap)
    NOI $26,154 @ 7.0% cap · market cap 5.51%
    Second Best
    Warehouse
    $316.5K
    $277.0K – $369.3K (±1% cap)
    NOI $22,157 @ 7.0% cap · market cap 4.66%
    Theoretical Best
    Office A
    $468.7K
    $410.1K – $546.8K (±1% cap)
    NOI $32,809 @ 7.0% cap · market cap 6.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Oak Hills
    County
    San Bernardino
    State
    California
    Longitude
    -117.395255
    Latitude
    34.415424

    FAQs

    What type of property is this?
    Flex space - Freestanding-style condo unit with warehouse space plus office, showroom, and roll-up door access.
    Where is this flex space located?
    The property is located at 12221 Poplar Street Oak Hills, CA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Unit #17 industrial condo with approximately 2,222 SF total space; Warehouse area is approximately 1,780 SF, plus a foyer/showroom/office area; Kitchen and bath areas total approximately 442 SF
    More about this property
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