Two-Building Flex
For Sale
$449,000
15369 7th Street, Victorville, CA 92395
The property offers access from Seventh Street and Center Street, along with on-site parking.
Property Size3,096 SF
Price / SF$145.03
Days on Market105
Property Features for 15369 7th Street
General Information
Standard status
Active
Size
3,096 SF
Property subtype
Special Purpose
Site & Location
Neighborhood
Ngbhd-0000010
Road Access
Yes
Building Details
Building Size
3,096 SF
Year Built
1960
Buildings
2
Listing Agency:
MGR Real Estate, Inc
Listed By:
Edmund Moreno · License #01394162
(909) 744-7659
Source:
Give2giverealty
Added: Jul 16
Changed: Oct 27
Last Checked: Oct 27 at 4:42AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property in Victorville comprises two buildings. The main structure has two bathrooms, 10-foot ceilings, an 11-by-9-foot roll-away door, and a 12-by-8-foot roll-up door. The second building has 14-foot ceilings and a 10-by-10.5-foot roll-away door. The property was built in 1960.
Access is available from both Seventh Street and Center Street. On-site parking is also provided.
Access is available from both Seventh Street and Center Street. On-site parking is also provided.
Key Highlights
- Two buildings on one flex property
- Main building includes two bathrooms and 10‑foot ceilings
- Main building has an 11'x9' roll away door and a 12'x8' roll up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,124
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,480
$642.5K
Cap Rate 7%
$458,914
$458.9K
Cap Rate 9%
$356,933
$356.9K
Market Conditions
NOI Build-Up for 3,096 SF
Gross rent
$50.2K $16.20/SF
− Vacancy
−$4.3K −$1.38/SF
EGI
$45.9K $14.82/SF
− OpEx
−$13.8K −$4.45/SF
NOI
$32.1K $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 Rate 5%
$642,480
Cap Rate 7%
$458,914
Cap Rate 9%
$356,933
Alternative Uses
Best Use
Retail
$458.9K
$401.6K – $535.4K
NOI $32,124 @ 7.0% cap · market cap 7.15%
Second Best
Flex RnD
$410.4K
$359.1K – $478.8K
NOI $28,725 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$655.9K
$573.9K – $765.2K
NOI $45,912 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
856
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- A Unique Gourmet Rotisserie Catering — 15080 7th St, Victorville, CA 92392
- ChingonaTacos — 15583 7th St, Victorville, CA 92395
Frequently Asked Questions
What type of property is this?
Flex space - The property offers access from Seventh Street and Center Street, along with on-site parking.
Where is this flex space located?
The property is located at 15369 7th Street Victorville, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two buildings on one flex property; Main building includes two bathrooms and 10‑foot ceilings; Main building has an 11'x9' roll away door and a 12'x8' roll up door
