Established Restaurant Near Silverwood
For Sale
$650,000
13910 State Highway 138, Hesperia, CA 92345
Beloved restaurant with real estate, license, and living unit.
Property Size3,524 SF
Lot Size1.06 Acres
Days on Market152
Property Features for 13910 State Highway 138
General Information
Standard status
Active
Size
3,524 SF
Lot size
1.06 Acres
Property subtype
Commercial
Building Details
Building Size
3,524 SF
Year Built
1983
Listing Agency:
MGR Real Estate, Inc
(760) 955-7888
Listed By:
Randy Sanchez · License #01180997
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 3:02PM
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.
The Silverwood Lake Ranch House Restaurant – Sushi & Grill presents an opportunity to acquire an established restaurant that has been family-owned and operated for over 21 years. The sale includes the real estate, business, goodwill, full commercial kitchen equipment and furniture, walk-in cooler and freezer, Type 41 Beer & Wine License, and a one-bedroom unit in back. The restaurant features warm décor, vaulted wood-beam ceilings, a full sushi bar, and built-in Korean BBQ tabletop grills. The space offers a spacious open layout. It is located along Highway 138, minutes from Silverwood Lake, which attracts over 300,000 visitors annually. The property is positioned for continued success amid area growth driven by the 15,000-home Silverwood Master-Planned Community now under construction. The one-bedroom unit is ideal for an owner-operator or on-site manager.
Key Highlights
- Established restaurant business with real estate included.
- Includes Type 41 Beer & Wine License.
- Full commercial kitchen equipment and furniture included in sale.
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
$38,963
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
5.99%
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%
$779,260
$779.3K
Cap Rate 7%
$556,614
$556.6K
Cap Rate 9%
$432,922
$432.9K
Market Conditions
NOI Build-Up for 3,524 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
$55.0K $15.60/SF
− Vacancy
−$3.0K −$0.86/SF
EGI
$52.0K $14.74/SF
− OpEx
−$13.0K −$3.69/SF
NOI
$39.0K $11.06/SF
Area
Hesperia, CA
Vacancy
5.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
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%
$779,260
Cap Rate 7%
$556,614
Cap Rate 9%
$432,922
Alternative Uses
Best Use
Specialty Retail
$556.6K
$487.0K – $649.4K
NOI $38,963 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$999.4K
$874.5K – $1.17M
NOI $69,961 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92345, CA
86,499
Population
27,247
Households
3.2
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
98.9 sq mi
ZIP Area
875
Density / Sq Mi
$65,949
Median Household Income
$37,235
Median Earnings
$1,499
Median Rent
$359,700
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Beloved restaurant with real estate, license, and living unit.
Where is this conventional restaurant located?
The property is located at 13910 State Highway 138 Hesperia, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Established restaurant business with real estate included.; Includes Type 41 Beer & Wine License.; Full commercial kitchen equipment and furniture included in sale.
