Remodeled Commercial Building in
For Sale
$700,000
16424 Victor, Victorville, CA 92395
Remodeled commercial building with stable income and upgraded systems.
Property Size5,376 SF
Lot Size0.28 Acres
Price / SF$130.21
Days on Market124
Property Features for 16424 Victor
General Information
Standard status
Active
Size
5,376 SF
Lot size
0.28 Acres
Property subtype
Commercial
Building Details
Building Size
5,376 SF
Year Built
1970
Listing Agency:
The Bradco Companies
(760) 951-5111
Listed By:
Joseph Brady · License #00773589
(760) 951-5111
Source:
Elliman
Added: Apr 24
Changed: Aug 22
Last Checked: Aug 25 at 7:45AM
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 The Bradco Companies
Investment Insights
Based on property information with market context.
Located in Downtown Victorville, this remodeled commercial building offers convenient access to I-15. The property features approximately 5,376 square feet of space on a 0.28-acre lot. The functional interior layout includes a large open area of approximately 4,300 square feet, two offices, two ADA-compliant restrooms, and a utility room. Upgrades to the building include sprinklers, a fire strobe system, four 4-ton HVAC units, a 400-amp electrical system with subpanels, security cameras, a new flat torch roof, and new asphalt parking with 11 spaces. A NNN lease is currently in place through March 31, 2030, with scheduled rent increases, providing stable in-place income. The property is considered car-dependent with a walk score of 30, somewhat bikeable with a bike score of 37, and has some transit options with a transit score of 39. Please do not disturb the current occupant.
Key Highlights
- Stable in‑place income with NNN lease through 3/31/2030 and scheduled rent increases.
- Remodeled commercial building with upgraded building systems.
- Convenient access to I‑15 in Downtown Victorville.
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
$55,782
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
7.97%
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%
$1,115,640
$1.1M
Cap Rate 7%
$796,886
$796.9K
Cap Rate 9%
$619,800
$619.8K
Market Conditions
NOI Build-Up for 5,376 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
$87.1K $16.20/SF
− Vacancy
−$7.4K −$1.38/SF
EGI
$79.7K $14.82/SF
− OpEx
−$23.9K −$4.45/SF
NOI
$55.8K $10.38/SF
Area
Victorville, CA
Vacancy
8.50%
Lease Rate
$16.20 /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%
$1,115,640
Cap Rate 7%
$796,886
Cap Rate 9%
$619,800
Alternative Uses
Best Use
Retail
$796.9K
$697.3K – $929.7K
NOI $55,782 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$996.6K – $1.33M
NOI $79,724 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 25%
Electronics 3%
Bank of America
Shops & Services
13,935 visits/mo
0.4 miles
Del Taco
Dining
7,231 visits/mo
0.2 miles
U.S. Bank
Shops & Services
5,207 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
3,568 visits/mo
0.3 miles
Midas
Shops & Services
2,225 visits/mo
0.4 miles
Demographics for 92395, CA
47,556
Population
16,394
Households
2.9
Avg Household Size
34
Median Age
15%
College-Educated
81%
High-School Grad
16.9 sq mi
ZIP Area
2,814
Density / Sq Mi
$57,407
Median Household Income
$34,627
Median Earnings
$1,478
Median Rent
$335,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Remodeled commercial building with stable income and upgraded systems.
Where is this storefront property located?
The property is located at 16424 Victor Victorville, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Stable in‑place income with NNN lease through 3/31/2030 and scheduled rent increases.; Remodeled commercial building with upgraded building systems.; Convenient access to I‑15 in Downtown Victorville.
