Operating Restaurant with Liquor
New
For Sale
$1,500,000
14977 Palmdale, Victorville, CA 92392
Includes furnishings, kitchen equipment, and a contiguous industrial parcel.
Property Size3,518 SF
Days on Market3
Property Features for 14977 Palmdale
General Information
Standard status
Active
Size
3,518 SF
Property subtype
Commercial
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Traffic Count
40,000 vehicles/day
Building Details
Building Size
3,518 SF
Year Built
1957
Listing Agency:
Coldwell Banker Commercial Real Estate Solutions
Listed By:
Gustavo Macias · License #01758792
(626) 523-1730
Source:
Elliman
Added: Sep 12
Last Checked: Sep 14 at 9:25AM
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 Coldwell Banker Commercial Real Estate Solutions
Investment Insights
Based on property information with market context.
This operating restaurant property at 14977 Palmdale in Victorville includes the building, furniture, fixtures, and kitchen equipment. A Type 47 Liquor License is included with the sale. The property was built in 1957 and also includes a house behind the restaurant, two garages used for storage, and a wooden shed.
An additional contiguous 1-acre industrial parcel sits behind the restaurant. The site is located on Palmdale Road with approximately 40,000 ADT, along with stated visibility and access characteristics. The restaurant is currently open and operating, with showings available by appointment.
An additional contiguous 1-acre industrial parcel sits behind the restaurant. The site is located on Palmdale Road with approximately 40,000 ADT, along with stated visibility and access characteristics. The restaurant is currently open and operating, with showings available by appointment.
Key Highlights
- Operating restaurant with Type 47 Liquor License included
- Furniture, fixtures, and kitchen equipment included
- Additional contiguous 1‑acre industrial parcel behind the restaurant
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
$42,696
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
2.85%
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%
$853,920
$853.9K
Cap Rate 7%
$609,943
$609.9K
Cap Rate 9%
$474,400
$474.4K
Market Conditions
NOI Build-Up for 3,518 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
$61.2K $17.40/SF
− Vacancy
−$4.3K −$1.22/SF
EGI
$56.9K $16.18/SF
− OpEx
−$14.2K −$4.05/SF
NOI
$42.7K $12.14/SF
Area
Victorville, CA
Vacancy
7.00%
Lease Rate
$17.40 /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%
$853,920
Cap Rate 7%
$609,943
Cap Rate 9%
$474,400
Alternative Uses
Best Use
Specialty Retail
$609.9K
$533.7K – $711.6K
NOI $42,696 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$745.3K
$652.1K – $869.5K
NOI $52,171 @ 7.0% cap · market cap 3.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes furnishings, kitchen equipment, and a contiguous industrial parcel.
Where is this conventional restaurant located?
The property is located at 14977 Palmdale Victorville, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Operating restaurant with Type 47 Liquor License included; Furniture, fixtures, and kitchen equipment included; Additional contiguous 1‑acre industrial parcel behind the restaurant
