Automotive Building For
For Sale
$950,000
18285 US Highway 18, Apple Valley, CA 92307
Fully-leased, 3-bay automotive repair building with fenced storage yard.
Property Size2,596 SF
Lot Size0.62 Acres
Price / SF$365.95
Days on Market1097
Property Features for 18285 US Highway 18
General Information
Standard status
Active
Size
2,596 SF
Lot size
0.62 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1955
Listing Agency:
MGR Real Estate, Inc
(760) 684-2139
Listed By:
Randy Sanchez · License #01180997
(760) 684-2139
Source:
Exitrealty
Added: Aug 10, 2023
Changed: Aug 8
Last Checked: Aug 10 at 2:42AM
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 MGR Real Estate, Inc
Investment Insights
Based on property information with market context.
This fully-leased automotive building, available for sale, features approximately 2,596 square feet of space. The property includes 3 repair bays, a large customer reception area, and a fully fenced storage yard. It benefits from prominent signage, including a dual-sided pole sign visible from US Highway 18. The property is located across the street from St. Mary’s Medical Center, offering high visibility and accessibility.
Key Highlights
- Fully‑leased investment property
- 3‑bay automotive repair building
- High visibility on US Highway 18 with dual‑sided pole sign
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,210
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$744,200
$744.2K
Cap Rate 7%
$531,571
$531.6K
Cap Rate 9%
$413,444
$413.4K
Market Conditions
NOI Build-Up for 2,596 SF
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.
Gross rent
$56.1K $21.60/SF
− Vacancy
−$2.9K −$1.12/SF
EGI
$53.2K $20.48/SF
− OpEx
−$15.9K −$6.14/SF
NOI
$37.2K $14.33/SF
Area
San Bernardino County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$744,200
Cap Rate 7%
$531,571
Cap Rate 9%
$413,444
Alternative Uses
Best Use
Retail
$531.6K
$465.1K – $620.2K
NOI $37,210 @ 7.0% cap · market cap 3.92%
Second Best
Industrial
$304.5K
$266.5K – $355.3K
NOI $21,318 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$547.6K
$479.1K – $638.9K
NOI $38,331 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
30k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Jack in the Box
Dining
17,234 visits/mo
0.4 miles
El Pollo Loco
Dining
10,356 visits/mo
0.4 miles
Ninja Sushi
Dining
1,958 visits/mo
0.4 miles
Demographics for 92307, CA
41,649
Population
13,832
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
187.5 sq mi
ZIP Area
222
Density / Sq Mi
$74,715
Median Household Income
$39,014
Median Earnings
$1,379
Median Rent
$396,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tire Choice Auto Service Centers — 18878 Tao Rd, Apple Valley, CA 92307
- Teds Auto Glass — 19031 Outer Hwy 18 S, Apple Valley, CA 92307
- Golden State Autoglass — 17868 CA-18, Apple Valley, CA 92307
- Jiffy Lube — 18737 CA-18, Apple Valley, CA 92307
- Happy Trails Automotive LLC — 18737 CA-18 STE 1, Apple Valley, CA 92307
Frequently Asked Questions
What type of property is this?
Auto shop - Fully-leased, 3-bay automotive repair building with fenced storage yard.
Where is this auto shop located?
The property is located at 18285 US Highway 18 Apple Valley, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully‑leased investment property; 3‑bay automotive repair building; High visibility on US Highway 18 with dual‑sided pole sign
