Fully Occupied Shopping
For Sale
$4,100,000
14536 Palmdale Rd, Victorville, CA 92392
All tenant spaces are occupied, and the property is near I-15 and Highway 395.
Property Size14,734 SF
Price / SF$278.27
Days on Market9
Property Features for 14536 Palmdale Rd
General Information
Standard status
Active
Size
14,734 SF
Property subtype
Shopping Neighborhood
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
Signalized Corner of Palmdale Road & El Evado Road
Direct Access to I-15 Freeway and Highway 395
High-Visibility Intersection with ~44,000 Vehicles Per Day
Minutes from Victorville City Hall & San Bernardino County Courthouse
New Roof Installed Within the Past Year
Fully Occupied with Below-Market Rents
Located Within a Cardenas Markets-Anchored Shopping Plaza
Huge Anchor Sales, according to Placer Cardenas Sales are $46,000,000
Building Details
Building Size
14,734 SF
Year Built
1995
Tenancy
Multi
Listing Agency:
Marcus & Millichap
Listed By:
Alan Krueger · License #License(s): CA: 00880814
(949) 419-3310
Source:
Marcusmillichap
Added: Sep 26
Changed: Oct 4
Last Checked: Oct 4 at 6:16AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This retail shopping center is fully occupied, with a roof replacement completed within the past year. The property is positioned along a retail corridor that includes Cardenas Markets among its nearby retailers.
I-15 and Highway 395 are close to the property. The surrounding roadways carry approximately 43,678 vehicles per day. Victorville City Hall and the San Bernardino County Courthouse are also nearby.
I-15 and Highway 395 are close to the property. The surrounding roadways carry approximately 43,678 vehicles per day. Victorville City Hall and the San Bernardino County Courthouse are also nearby.
Key Highlights
- Fully occupied retail center
- Roof replacement completed within the past year
- Near I‑15 and Highway 395
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
$152,881
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
3.73%
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%
$3,057,620
$3.1M
Cap Rate 7%
$2,184,014
$2.2M
Cap Rate 9%
$1,698,678
$1.7M
Market Conditions
NOI Build-Up for 14,734 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
$238.7K $16.20/SF
− Vacancy
−$20.3K −$1.38/SF
EGI
$218.4K $14.82/SF
− OpEx
−$65.5K −$4.45/SF
NOI
$152.9K $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%
$3,057,620
Cap Rate 7%
$2,184,014
Cap Rate 9%
$1,698,678
Alternative Uses
Best Use
Retail
$2.18M
$1.91M – $2.55M
NOI $152,881 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,499 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
169k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 32%
Dining 27%
Electronics 2%
Cardenas Market
Groceries
53,735 visits/mo
0.1 miles
McDonald's
Dining
36,919 visits/mo
0.2 miles
Circle K
Shops & Services
21,458 visits/mo
0.2 miles
AMPM
Shops & Services
19,248 visits/mo
0.2 miles
Dollar General
Shops & Services
10,884 visits/mo
0.2 miles
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Victorville Galleria — 14560 Palmdale Rd, Victorville, CA 92392
- El Evado Plaza — 14592 Palmdale Rd, Victorville, CA 92392
Frequently Asked Questions
What type of property is this?
Shopping center - All tenant spaces are occupied, and the property is near I-15 and Highway 395.
Where is this shopping center located?
The property is located at 14536 Palmdale Rd Victorville, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Fully occupied retail center; Roof replacement completed within the past year; Near I‑15 and Highway 395
