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

    16490 Walnut St Hesperia, CA 92345

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.00 SF/Yr

    Multi-unit office building with ample parking and move-in ready spaces.

    Lot size:
    0.88 Acres

    Property Features for 16490 Walnut St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.88 Acres

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Steven Thompson
    Source: Elliman

    Listing Agency: Coldwell Banker Commercial Rea Listing Agent: Steven Thompson

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

    Learn more

    Overview

    Highly Visible Multi-Unit Office Building

    Walnut West Plaza is a highly visible multi-unit office building located just off Hesperia Rd and Walnut St. The property features ample parking. Suite A offers approximately 6000 square feet of move-in ready office space, plus an additional 2000 square feet of storage space on the second floor with roll-up doors. The suite includes an office receiving area, three private offices, a meeting room, three bathrooms, and a kitchenette. The warehouse space is fully climate controlled with 18-foot ceilings and measures approximately 3600 square feet. This property presents opportunities for various businesses, including air conditioning companies, professional offices, insurance services, loan mortgage companies, service companies, and medical supplies.
    Location Intelligence

    Current Use by Public Records

    The Finest of the Wheat Community ... Church Foo Dogs Martial ... Training Center Cubit Engineering Land Surveyor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.3030924
    Latitude
    34.4210046

    Nearby Similar for Lease

    • New
      $2,000 /Mo
      1,000 SF

      Hesperia Mixed-Use Commercial Space

      Adaptable 1,000 SF space suitable for retail or office.
      14920 Main St, Hesperia, CA 92345
      View Details
    • New
      $4,000 /Mo
      1,000 SF

      Turnkey Bakery/Cafe Space Available

      Fully equipped commercial space ideal for bakery or cafe.
      14920 Main St, Hesperia, CA 92345
      View Details
    • $800 /Mo
      300 SF

      Hesperia Office Space For Lease

      Centrally located office space near I-15 and Bear Valley Rd.
      11385 Mariposa Rd, Hesperia, CA 92345
      View Details
    • $790 /Mo
      3,600 SF

      Hesperia Airport Hangar For Lease

      Hesperia hangar with runway access, office, and bath.
      6818 Kittyhawk Ave, Hesperia, CA 92345
      View Details
    • Contact for pricing
      8,630 SF

      Hesperia Commercial Space For Lease

      2,200 SF showroom-style suite with I-15 frontage in Hesperia.
      12033 Mariposa Rd, Hesperia, CA 92345
      View Details
    • $12,500 /Mo
      17,400 SF

      Hesperia Warehouse and Office Space

      Commercial lease featuring warehouse and office space with freeway frontage.
      11768 Mariposa Rd, Hesperia, CA 92345
      View Details
    • Contact for pricing
      10,944 SF

      Prime Hesperia Retail Space Available

      High-traffic location perfect for retail, service, or restaurant businesses.
      14875 Main St, Hesperia, CA 92345
      View Details
    • $1.35 SF/Yr

      Versatile Retail/Office Space Available

      Adaptable retail/office space in a high-traffic Hesperia location.
      12052 Hesperia Rd, Hesperia, CA 92345
      View Details
    • $909 /Mo

      Main Street Professional Center Unit

      Professional office unit with easy access and mixed medical uses.
      17450 Main St, Hesperia, CA 92345
      View Details
    • $1,000 /Mo

      Hesperia Office Space Available Now

      Office space for rent in Hesperia, ready for immediate occupancy.
      16990 Main St, Hesperia, CA 92345
      View Details
    • $1,845 /Mo

      Retail Space in Joshua Crossing

      Retail space available for lease in Hesperia, CA.
      15800 Main St, Hesperia, CA 92345
      View Details
    • $1,600 /Mo

      Premier Office Space on Bear

      Centrally located office space with high exposure on Bear.
      15659 Bear Valley Rd, Hesperia, CA 92345
      View Details

    FAQs

    What type of property is this?
    Strip mall - Multi-unit office building with ample parking and move-in ready spaces.
    Where is this strip mall located?
    The property is located at 16490 Walnut St Hesperia, CA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible location off Hesperia Rd and Walnut St.; - Large space: +-6000sf office space plus 2000sf storage.; - Climate-controlled warehouse with 18' ceilings (approximately +-3600sf).
    (760) 684-8000
    Request Owner's contact information
    16490 Walnut St Hesperia, CA 92345
    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.
    16490 Walnut St
    Hesperia, CA 92345
    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
    16490 Walnut St Hesperia, CA 92345
    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
    Steven Thompson
    Real Estate License ID: 01963261
    (760) 684-8000
    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!