Two-Building Warehouse
For Sale
$449,000
15369 7th Street, Victorville, CA 92395
Two warehouse buildings include roll-up and roll-away doors, office-ready space, and ample parking with dual access.
Property Size3,096 SF
Price / SF$145.03
Days on Market86
Property Features for 15369 7th Street
General Information
Standard status
Active
Size
3,096 SF
Property subtype
General Commercial
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
3
Additional Details
Road Access
Yes
Amenities
3
Paved. Paved Road.
Building Details
Year Built
1960
Listing Agency:
MGR Real Estate, Inc
(760) 955-7888
Listed By:
Edmund Moreno · License #01394162
(760) 244-8557
Source:
Xome
Added: Jun 11
Changed: Sep 1
Last Checked: Sep 2 at 1:46PM
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 property features two warehouse buildings with practical loading and interior accommodations. The main building includes approximately 3,000 square feet with 10-foot ceilings and both a roll-away door and a roll-up door. The main building also includes two bathrooms. The second building offers approximately 1,050 square feet with 14-foot ceilings and a roll-away door.
The site provides ample parking and dual access from Seventh Street or Center Street. The location is described as high visibility on busy Seventh Street in Victorville, California.
The buildings and configuration are presented as suitable for a variety of uses, with buyers instructed to confirm allowable uses with the City of Victorville.
The site provides ample parking and dual access from Seventh Street or Center Street. The location is described as high visibility on busy Seventh Street in Victorville, California.
The buildings and configuration are presented as suitable for a variety of uses, with buyers instructed to confirm allowable uses with the City of Victorville.
Key Highlights
- Two warehouse buildings with dual access off Seventh St. or Center St.
- Main building offers approx. 3,000 SF with 10' ceilings, two bathrooms, and a 12' x 8' roll‑up door.
- Second building adds approx. 1,050 SF with 14' ceilings and a 10' x 10.5' roll‑away door.
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
$24,775
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
5.52%
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%
$495,500
$495.5K
Cap Rate 7%
$353,929
$353.9K
Cap Rate 9%
$275,278
$275.3K
Market Conditions
NOI Build-Up for 3,096 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
$31.6K $10.20/SF
− Vacancy
−$2.4K −$0.79/SF
EGI
$29.1K $9.41/SF
− OpEx
−$4.4K −$1.41/SF
NOI
$24.8K $8.00/SF
Area
Victorville, CA
Vacancy
7.70%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
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%
$495,500
Cap Rate 7%
$353,929
Cap Rate 9%
$275,278
Alternative Uses
Best Use
Warehouse
$353.9K
$309.7K – $412.9K
NOI $24,775 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Balanced
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouse buildings include roll-up and roll-away doors, office-ready space, and ample parking with dual access.
Where is this warehouse 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 warehouse buildings with dual access off Seventh St. or Center St.; Main building offers approx. 3,000 SF with 10' ceilings, two bathrooms, and a 12' x 8' roll‑up door.; Second building adds approx. 1,050 SF with 14' ceilings and a 10' x 10.5' roll‑away door.
