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

    16990 Bear Valley Rd Victorville, CA 92395

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,900,000

    High-traffic corner location suitable for retail or office uses.

    Lot size:
    0.65 Acres

    Property Features for 16990 Bear Valley Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.65 Acres

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Paul A. Casilla
    Paul A. Casilla
    Source: Elliman

    Listing Agency: Lee & Associates Listing Agent: Paul A. Casilla

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

    Learn more

    Overview

    Prime Retail/Office Opportunity

    This former retail bank building, totaling approximately 6,049 square feet, is situated on an approximately 0.581-acre lot. It is part of a larger neighborhood retail center located at the signalized corner of Bear Valley Road and Hesperia Road in Victorville, CA. Bear Valley Road serves as the primary east-west corridor connecting the High Desert cities of Victorville, Hesperia, and Apple Valley. The property benefits from a high daily traffic count of approximately 45,918 vehicles. The site offers convenient access and ample parking. It is suitable for retail, financial services, or other commercial and professional uses. Potential business uses include a bank, credit union, financial services office, mortgage brokerage, legal firm, dental office, urgent care, medical facility, real estate office, jewelry store, bicycle retail shop, or motorcycle sales showroom.
    Location Intelligence

    Current Use by Public Records

    Bank of America ATM Atm

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.2924037
    Latitude
    34.4712911

    Nearby Similar for Sale

    • $59,900
      1,931 SF

      Established Pet Grooming Business

      Full-service pet grooming salon in Victorville, CA for sale.
      15444 Bear Valley Rd, Victorville, CA 92395
      View Details
    • $690,000
      1,400 SF

      Remodeled Retail Space on Large Lot

      Remodeled 1,400 SF retail building on 1.14 acre lot.
      15224 Bonanza Dr, Victorville, CA 92392
      View Details
    • $5,199,000
      7,500 SF

      Retail Investment Opportunity in Victorville

      Four-unit retail property with national tenants in Victorville, CA.
      17080 Bear Valley Rd, Victorville, CA 92395
      View Details
    • $1,200,000
      2,456 SF

      Profitable Restaurant on Prime Lot

      Operating restaurant on 1.07 acre lot in Victorville, CA.
      14096 Green Tree Blvd, Victorville, CA 92395
      View Details
    • $485,000
      1,081 SF

      Retail Property on Hesperia Road

      Retail space with frontage on Hesperia Road in Victorville.
      14258 Hesperia Rd, Victorville, CA 82695
      View Details
    • $699,000
      Pending

      Victorville Quadruplex For Sale

      Quadruplex located in Victorville, California.
      14952 Ritter St, Victorville, CA 92394
      View Details
    • $200,000

      Automotive Business Opportunity in Victorville

      Established tire and automotive business for sale in Victorville.
      12932 Hesperia Rd, Victorville, CA 92395
      View Details
    • $4,500,000
      18,950 SF

      Fully Leased Commercial Building

      Commercial building in Victorville, CA, 100% leased to CCRC.
      15456 W Sage St, Victorville, CA 92392
      View Details
    • $1,625,000
      6,440 SF

      Victorville Apartment Building For Sale

      Well-maintained 8-unit apartment building with garages in Victorville.
      15418 Bear Valley Rd, Victorville, CA 92395
      View Details
    • $700,000
      2,029 SF

      Three Homes, One Lot

      Three single-family homes on one lot in Victorville, CA.
      16745 Forrest Ave, Victorville, CA 92395
      View Details
    • $2,499,999
      13,740 SF

      Versatile Commercial Building in Victorville

      Commercial property with open floor plan, high ceilings, and sprinkler.
      16534 Victor St, Victorville, CA 92395
      View Details
    • $860,000
      4,800 SF

      Victorville Commercial Property For Sale

      Commercial property in Victorville with long-term tenants and upside potential.
      13905 Amargosa Rd, Victorville, CA 92392
      View Details

    FAQs

    What type of property is this?
    Bank - High-traffic corner location suitable for retail or office uses.
    Where is this bank located?
    The property is located at 16990 Bear Valley Rd Victorville, CA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Prime real estate in the geographical center of the region; - High daily traffic count of ± 45,918 vehicles; - Located at a signalized corner of Bear Valley Road and Hesperia Road
    (760) 684-4541
    Request Owner's contact information
    16990 Bear Valley Rd Victorville, CA 92395
    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.
    16990 Bear Valley Rd
    Victorville, CA 92395
    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
    16990 Bear Valley Rd Victorville, CA 92395
    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
    Paul A. Casilla
    Paul A. Casilla
    Real Estate License ID: 01881506
    (760) 684-4541 (760) 475-4669 (760) 241-5211
    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!