Turnkey Restaurant
For Sale
$420,000
15-15429 Anacapa Rd, Victorville, CA 92392
Turnkey restaurant building in a multi-tenant condo park near shopping, gas, and freeway access.
Property Size1,534 SF
Price / SF$273.79
Days on Market326
Property Features for 15-15429 Anacapa Rd
General Information
Standard status
Active
Size
1,534 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1983
Listing Agency:
MGR Real Estate, Inc
(760) 912-3534
Listed By:
Paul Tan · License #01841921
(760) 912-3534
Source:
Exprealty
Added: Oct 1, 2025
Changed: Aug 20
Last Checked: Aug 22 at 11:58AM
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 turnkey restaurant building is offered for sale within a multi-tenant condo park described as Park Center. The building totals approximately 1,534 square feet and was built in 1983. Please note that the business opportunity and FF&E are not included with the sale, and the business must be purchased separately with the building/property.
The property is positioned close to Kaiser Medical Clinic and surrounded by retail and service uses, including shopping and gas stations, as well as nearby fast food restaurants and professional offices. The location also provides easy access to freeway I-15.
The offering focuses on the restaurant building itself in the Park Center multi-tenant environment.
The property is positioned close to Kaiser Medical Clinic and surrounded by retail and service uses, including shopping and gas stations, as well as nearby fast food restaurants and professional offices. The location also provides easy access to freeway I-15.
The offering focuses on the restaurant building itself in the Park Center multi-tenant environment.
Key Highlights
- Turnkey restaurant building in a multi‑tenant condo park
- Building size/lot size: 1,534 SF
- Year built: 1983
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
$18,617
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
4.43%
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%
$372,340
$372.3K
Cap Rate 7%
$265,957
$266.0K
Cap Rate 9%
$206,856
$206.9K
Market Conditions
NOI Build-Up for 1,534 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
$26.7K $17.40/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$24.8K $16.18/SF
− OpEx
−$6.2K −$4.05/SF
NOI
$18.6K $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%
$372,340
Cap Rate 7%
$265,957
Cap Rate 9%
$206,856
Alternative Uses
Best Use
Specialty Retail
$266.0K
$232.7K – $310.3K
NOI $18,617 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.0K
$284.4K – $379.2K
NOI $22,749 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
67
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant building in a multi-tenant condo park near shopping, gas, and freeway access.
Where is this conventional restaurant located?
The property is located at 15-15429 Anacapa Rd Victorville, CA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Turnkey restaurant building in a multi‑tenant condo park; Building size/lot size: 1,534 SF; Year built: 1983
