Unique Event Venue with
22092 US Highway 18 Apple Valley, CA 92307
22092 US Highway 18, Apple Valley, CA, 92307
$3,250,000
For Sale
$3,250,000
Versatile venue with retail space, event center, and bar.
Property Size18,000 SF
Lot Size3.11 Acres
Price / SF$180.56
Days on Market134
Property Features for 22092 US Highway 18
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Lot size
- 3.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing agency
Coldwell Banker Commercial Real Estate Solutions
(760) 684-8000
Listed by
Jerrad Schendel · License #01971338
Source
Elliman
Added: Mar 12 Updated: Jul 10 at 3:50PM Checked: Jul 22 at 1:12PM
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 Coldwell Banker Commercial Real Estate Solutions
Investment Insights
Based on property information with market context.
The Townsend Market is available for purchase, offering a unique venue suitable for concerts, live music, gatherings, weddings, car shows, events, food truck nights, and more. The property features almost 18,000 square feet of retail and storage space. It includes a lounge with a full bar that can be styled as a speakeasy or integrated into the event center. The event center itself spans 7,000 square feet but expands into 14,000 square feet of covered space designed for individual vendors and stalls. This property offers numerous uses and opportunities.
Key Highlights
- Owner financing available
- Unique venue suitable for concerts, live music, gatherings, weddings, car shows, events, and food truck nights
- Almost 18,000 SF of retail/storage space
Local Financial Insights For Retail
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 | $388.8k | $21.60 |
| − Vacancy | −$20.2k | −$1.12 |
| EGI | $368.6k | $20.48 |
| − OpEx | −$110.6k | −$6.14 |
| NOI | $258.0k | $14.33 |
18,000 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.69M
$3.23M – $4.30M
NOI $258,008 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.32M – $4.43M
NOI $265,778 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Versatile venue with retail space, event center, and bar.
Where is this retail space located?
The property is located at 22092 US Highway 18 Apple Valley, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Owner financing available; Unique venue suitable for concerts, live music, gatherings, weddings, car shows, events, and food truck nights; Almost 18,000 SF of retail/storage space
