Multi-Tenant Office
For Sale
$1,099,000
18387 Us Highway 18, Apple Valley, CA 92307
Medical and professional office property with remodeled suites, customer parking, and dedicated spaces for employees and ownership.
Property Size8,195 SF
Price / SF$134.11
Days on Market35
Property Features for 18387 Us Highway 18
General Information
Standard status
Active
Size
8,195 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1958
Buildings
1
Building Size
8,195 SF
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Alam Realty
Listed By:
Mohammad Alam · License #01457818
(855) 225-2526
Source:
Myfabuloushome
Added: Sep 5
Changed: Oct 9
Last Checked: Oct 7 at 3:21PM
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 Alam Realty
Investment Insights
Based on property information with market context.
This 8,195 SF multi-tenant office building, constructed in 1958, supports medical and professional office use within the Desert Knolls Medical District. Units 1 and 2 have been fully remodeled into a turnkey medical office, while Unit 5A has also received a complete renovation. The property has an established tenant mix and has been professionally maintained during the current ownership period.
The building occupies a visible position at the intersection of Highway 18 and Corwin Road in Apple Valley, with Highway 18 frontage and a distinctive clock tower. Customer parking is provided at the front, with separate rear parking for employees and business owners. Providence St. Mary Medical Center is located diagonally across the intersection, adding established medical context to the surrounding area.
The building occupies a visible position at the intersection of Highway 18 and Corwin Road in Apple Valley, with Highway 18 frontage and a distinctive clock tower. Customer parking is provided at the front, with separate rear parking for employees and business owners. Providence St. Mary Medical Center is located diagonally across the intersection, adding established medical context to the surrounding area.
Key Highlights
- 8,195 SF multi‑tenant medical and professional office building
- Located at Highway 18 and Corwin Road in Apple Valley's Desert Knolls Medical District
- Outstanding Highway 18 frontage with a distinctive clock tower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,458
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,929,160
$1.9M
Cap Rate 7%
$1,377,971
$1.4M
Cap Rate 9%
$1,071,756
$1.1M
Market Conditions
NOI Build-Up for 8,195 SF
Gross rent
$139.6K $17.04/SF
− Vacancy
−$11.0K −$1.35/SF
EGI
$128.6K $15.69/SF
− OpEx
−$32.2K −$3.92/SF
NOI
$96.5K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,929,160
Cap Rate 7%
$1,377,971
Cap Rate 9%
$1,071,756
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,458 @ 7.0% cap · market cap 8.78%
Second Best
Healthcare Medical
$970.4K
$849.1K – $1.13M
NOI $67,928 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,003 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Medical and professional office property with remodeled suites, customer parking, and dedicated spaces for employees and ownership.
Where is this office building located?
The property is located at 18387 Us Highway 18 Apple Valley, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 8,195 SF multi‑tenant medical and professional office building; Located at Highway 18 and Corwin Road in Apple Valley's Desert Knolls Medical District; Outstanding Highway 18 frontage with a distinctive clock tower
