Freestanding Commercial Building on
15255 Bear Valley Rd Hesperia, CA 92345
15255 Bear Valley Rd, Hesperia, CA, 92345
$2,626,000
For Sale
$2,626,000
Commercial building with Bear Valley Road frontage, leased to CalTrans.
Property Size9,135 SF
Lot Size29,093.00 Acres
Price / SF$287.47
Days on Market131
Property Features for 15255 Bear Valley Rd
General Information
- Standard status
- Active
- Size
- 9,135 SF
- Lot size
- 29,093.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing Agency
Kursch Group, Inc.
(760) 983-2383
Listed by
Ryan Travis · License #01358790
Source
Elliman
Added: Mar 10 Checked: Jul 17 at 3:24 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 Kursch Group, Inc.
Investment Insights
Based on property information with market context.
This freestanding commercial building offers approximately 9,135 square feet of space on a lot of approximately 29,093 square feet. The property is located on Bear Valley Road and is currently leased to CalTrans. The current lease generates an annual gross income of $161,486, with the lease expiring on September 30, 2025. The building has previously been configured as three separate units. The property includes a secure yard area and a small warehouse portion at the rear of the building, accessible via a roll-up door. This versatile real estate is located in Hesperia, CA.
Key Highlights
- Prime Bear Valley Road Frontage
- ±9,135 sqft Freestanding Commercial Building on ±29,093 sqft Land
- Leased to CalTrans with $161,486 Annual Gross Income
Local Financial Insights For Warehouse
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 | $114.0k | $12.48 |
| − Vacancy | −$8.3k | −$0.91 |
| EGI | $105.7k | $11.57 |
| − OpEx | −$15.9k | −$1.74 |
| NOI | $89.8k | $9.83 |
9,135 SF · lease $12.48/SF/yr · vacancy 7.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,830 @ 7.0% cap · market cap 3.42%
Second Best
Retail
$1.24M
$1.08M – $1.45M
NOI $86,740 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,355 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Commercial building with Bear Valley Road frontage, leased to CalTrans.
Where is this storefront property located?
The property is located at 15255 Bear Valley Rd Hesperia, CA.
What is the asking price?
The asking price for this property is $2,626,000.
What are key features of this property?
This property features: Prime Bear Valley Road Frontage; ±9,135 sqft Freestanding Commercial Building on ±29,093 sqft Land; Leased to CalTrans with $161,486 Annual Gross Income
