Victorville Office Building For
For Sale
$1,300,000
14201 Kentwood Blvd, Victorville, CA 92392
Prime office location in the heart of Victorville.
Property Size6,108 SF
Lot Size0.58 Acres
Price / SF$212.84
Days on Market164
Property Features for 14201 Kentwood Blvd
General Information
Standard status
Active
Size
6,108 SF
Lot size
0.58 Acres
Property subtype
Commercial
Building Details
Building Size
6,108 SF
Year Built
1987
Units
5
Listing Agency:
Rigel Capital
(760) 813-3777
Listed By:
James Langley · License #01438775
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 20 at 8:26AM
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 Rigel Capital
Investment Insights
Based on property information with market context.
This office building, encompassing approximately 6,108 square feet, is situated on a corner lot along a high-traffic road in Victorville. Its location is approximately 0.25 miles southwest of both the Victorville City Hall and the San Bernardino Courthouse. The surrounding area is experiencing ongoing expansion, with new developments under construction nearby. Existing tenants in the vicinity include Costco, Sunland Ford, Kaiser Hospital, the San Bernardino County Sheriff's Department, Holiday Inn, Starbucks, several car dealerships, and law offices. The building is fully occupied with 5 units, each generating a solid market base rent. It features approximately 37 parking spaces and maintained restrooms. The city has recently changed the zoning in this area, potentially allowing for more uses and businesses. The tenants are happy in their leases and continue to extend upon expiration. Seller financing may be available.
Key Highlights
- Prime office location in the heart of Victorville on a high‑traffic corner lot.
- Fully occupied with 5 units generating solid market base rent.
- Close proximity to Victorville City Hall, San Bernardino Courthouse, Costco, Kaiser Hospital, and other major businesses.
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
$69,869
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
5.37%
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%
$1,397,380
$1.4M
Cap Rate 7%
$998,129
$998.1K
Cap Rate 9%
$776,322
$776.3K
Market Conditions
NOI Build-Up for 6,108 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
$113.6K $18.60/SF
− Vacancy
−$20.4K −$3.35/SF
EGI
$93.2K $15.25/SF
− OpEx
−$23.3K −$3.81/SF
NOI
$69.9K $11.44/SF
Area
Victorville, CA
Vacancy
18.00%
Lease Rate
$18.60 /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%
$1,397,380
Cap Rate 7%
$998,129
Cap Rate 9%
$776,322
Alternative Uses
Best Use
Office B
$998.1K
$873.4K – $1.16M
NOI $69,869 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,579 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
Explore this area
Business Placement
Demographics for 92392, CA
62,294
Population
18,077
Households
3.4
Avg Household Size
32
Median Age
13%
College-Educated
79%
High-School Grad
37.3 sq mi
ZIP Area
1,670
Density / Sq Mi
$81,652
Median Household Income
$36,726
Median Earnings
$1,790
Median Rent
$365,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Prime office location in the heart of Victorville.
Where is this office building located?
The property is located at 14201 Kentwood Blvd Victorville, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime office location in the heart of Victorville on a high‑traffic corner lot.; Fully occupied with 5 units generating solid market base rent.; Close proximity to Victorville City Hall, San Bernardino Courthouse, Costco, Kaiser Hospital, and other major businesses.
