Multi-Tenant Shopping
For Sale
$2,100,000
14741 7th Ave, Victorville, CA 92395
Three-building retail property with existing tenants near a new SAC Health location.
Property Size18,400 SF
Price / SF$114.13
Days on Market9
Property Features for 14741 7th Ave
General Information
Standard status
Active
Size
18,400 SF
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
MGR Real Estate, Inc
(760) 684-2139
Listed By:
Randy Sanchez · License #01180997
(760) 684-2139
Source:
Exprealty
Added: Aug 11
Changed: Aug 18
Last Checked: Aug 19 at 11:37AM
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 MGR Real Estate, Inc
Investment Insights
Based on property information with market context.
This multi-tenant shopping center includes three separate buildings totaling approximately 18,400 SF. Existing tenants occupy the property, providing an established retail component within the center’s current configuration.
The property is located at 14741 7th Ave in Victorville, California. A new SAC Health location is nearby, adding a specific healthcare-related development to the surrounding context. The three-building layout and existing occupancy provide the core physical and operational profile of this retail property.
The property is located at 14741 7th Ave in Victorville, California. A new SAC Health location is nearby, adding a specific healthcare-related development to the surrounding context. The three-building layout and existing occupancy provide the core physical and operational profile of this retail property.
Key Highlights
- Three‑building shopping center totaling approximately 18,400 SF
- Multi‑tenant retail property with existing tenants
- New SAC Health location nearby
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
$190,920
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
9.09%
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%
$3,818,400
$3.8M
Cap Rate 7%
$2,727,429
$2.7M
Cap Rate 9%
$2,121,333
$2.1M
Market Conditions
NOI Build-Up for 18,400 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
$298.1K $16.20/SF
− Vacancy
−$25.3K −$1.38/SF
EGI
$272.7K $14.82/SF
− OpEx
−$81.8K −$4.45/SF
NOI
$190.9K $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%
$3,818,400
Cap Rate 7%
$2,727,429
Cap Rate 9%
$2,121,333
Alternative Uses
Best Use
Retail
$2.73M
$2.39M – $3.18M
NOI $190,920 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $272,865 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
- Park Centre Shopping & Pro — 15445 Anacapa Rd, Victorville, CA 92392
Frequently Asked Questions
What type of property is this?
Shopping center - Three-building retail property with existing tenants near a new SAC Health location.
Where is this shopping center located?
The property is located at 14741 7th Ave Victorville, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Three‑building shopping center totaling approximately 18,400 SF; Multi‑tenant retail property with existing tenants; New SAC Health location nearby
