Mixed-Use Property with Liquor
New
For Sale
$1,600,000
14333 Main Street, Hesperia, CA 92345
Combines a retail operation with two residential units and dedicated container storage.
Property Size3,464 SF
Price / SF$461.89
Days on Market2
Property Features for 14333 Main Street
General Information
Standard status
Active
Size
3,464 SF
Amenities
storage container
Building Details
Tenancy
Multi
Listing Agency:
Excellence RE Real Estate
(562) 948-4553
Listed By:
Daniel Woo Song · License #02173082
(213) 465-9887
Source:
Realtyrightchoice
Added: Sep 11
Last Checked: Sep 11 at 3:24PM
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 Excellence RE Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property at 14333 Main Street includes a 1,800-square-foot Applejack liquor store, a 704-square-foot one-bedroom, one-bath unit, and a 960-square-foot two-bedroom, two-bath residence. The combined building area is 3,464 square feet, with the residential spaces offering additional occupancy options alongside the commercial component. A 40-foot-long storage container is also included.
The property is positioned near Interstate 15 in Hesperia and fronts Main Street. The liquor store has operated for more than 20 years, providing an established commercial use within the broader property configuration. A planned 64-unit project on 5.14 acres is identified near the northwest corner of Orange and Tamarisk Avenue.
The property is positioned near Interstate 15 in Hesperia and fronts Main Street. The liquor store has operated for more than 20 years, providing an established commercial use within the broader property configuration. A planned 64-unit project on 5.14 acres is identified near the northwest corner of Orange and Tamarisk Avenue.
Key Highlights
- 3,464‑square‑foot mixed‑use building
- 1,800‑square‑foot Applejack liquor store with more than 20 years of operation
- Includes 704‑square‑foot 1‑bed, 1‑bath residential unit
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
$48,323
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
3.02%
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%
$966,460
$966.5K
Cap Rate 7%
$690,329
$690.3K
Cap Rate 9%
$536,922
$536.9K
Market Conditions
NOI Build-Up for 3,464 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
$83.1K $24.00/SF
− Vacancy
−$5.8K −$1.68/SF
EGI
$77.3K $22.32/SF
− OpEx
−$29.0K −$8.37/SF
NOI
$48.3K $13.95/SF
Area
Hesperia, CA
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$966,460
Cap Rate 7%
$690,329
Cap Rate 9%
$536,922
Alternative Uses
Best Use
Mixed Use
$690.3K
$604.0K – $805.4K
NOI $48,323 @ 7.0% cap · market cap 3.02%
Second Best
Specialty Retail
$547.1K
$478.8K – $638.3K
NOI $38,300 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$982.4K
$859.6K – $1.15M
NOI $68,770 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
160k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 31%
Shops & Services 19%
Stater Bros. Markets
Groceries
48,817 visits/mo
0.2 miles
McDonald's
Dining
35,181 visits/mo
0.1 miles
El Pollo Loco
Dining
14,019 visits/mo
0.2 miles
Taco Bell
Dining
11,011 visits/mo
0.4 miles
Mobil
Shops & Services
9,936 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines a retail operation with two residential units and dedicated container storage.
Where is this mixed-use property located?
The property is located at 14333 Main Street Hesperia, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 3,464‑square‑foot mixed‑use building; 1,800‑square‑foot Applejack liquor store with more than 20 years of operation; Includes 704‑square‑foot 1‑bed, 1‑bath residential unit
