Leased Retail
New
For Sale
$149,000
15421 Anacapa, Victorville, CA 92392
The occupied commercial unit provides ongoing rental income under a lease scheduled to end in 2027.
Property Size799 SF
Days on Market5
Property Features for 15421 Anacapa
General Information
Standard status
Active
Size
799 SF
Property subtype
Commercial
Building Details
Building Size
799 SF
Year Built
1983
Listing Agency:
Kursch Group
Listed By:
Jeremy Schmidt · License #01310579
(760) 983-2383
Source:
Elliman
Added: Sep 30
Changed: Oct 2
Last Checked: Oct 4 at 10:05AM
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 Kursch Group
Investment Insights
Based on property information with market context.
Located within Park Centre in Victorville, this commercial condominium is configured as a storefront and measures approximately 799 square feet. The property was built in 1983 and is currently occupied by a tenant, with the existing lease running through September 30, 2027.
The property is at 15421 Anacapa in Victorville, California. WalkScore is 38, BikeScore is 41, and TransitScore is 21, reflecting the recorded walk, bike, and transit access ratings.
The property is at 15421 Anacapa in Victorville, California. WalkScore is 38, BikeScore is 41, and TransitScore is 21, reflecting the recorded walk, bike, and transit access ratings.
Key Highlights
- Approximately 799 square feet of storefront commercial condominium space
- Tenant lease runs through September 30, 2027
- Built in 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
$8,291
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
5.56%
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%
$165,820
$165.8K
Cap Rate 7%
$118,443
$118.4K
Cap Rate 9%
$92,122
$92.1K
Market Conditions
NOI Build-Up for 799 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
$12.9K $16.20/SF
− Vacancy
−$1.1K −$1.38/SF
EGI
$11.8K $14.82/SF
− OpEx
−$3.6K −$4.45/SF
NOI
$8.3K $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%
$165,820
Cap Rate 7%
$118,443
Cap Rate 9%
$92,122
Alternative Uses
Best Use
Retail
$118.4K
$103.6K – $138.2K
NOI $8,291 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$169.3K
$148.1K – $197.5K
NOI $11,849 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
165k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 38%
Apparel 7%
Hotels & Casinos 6%
Taco Bell
Dining
20,865 visits/mo
0.2 miles
Del Taco
Dining
18,003 visits/mo
0.3 miles
Starbucks
Dining
17,765 visits/mo
0.3 miles
ARCO
Shops & Services
14,861 visits/mo
0.2 miles
Mister Car Wash
Shops & Services
14,281 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Diana’s Flowers Victorville — 14156 Amargosa Rd, Victorville, CA 92392
- Clandestino Inc — 14350 civic dr, victorville, ca 92392
Frequently Asked Questions
What type of property is this?
Storefront property - The occupied commercial unit provides ongoing rental income under a lease scheduled to end in 2027.
Where is this storefront property located?
The property is located at 15421 Anacapa Victorville, CA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Approximately 799 square feet of storefront commercial condominium space; Tenant lease runs through September 30, 2027; Built in 1983
