Turnkey Restaurant Building For
For Sale
$420,000
15429 Anacapa Rd 15, Victorville, CA 92392
Restaurant building for sale near I-15 and Kaiser Clinic.
Property Size1,534 SF
Lot Size0.04 Acres
Price / SF$273.79
Days on Market156
Property Features for 15429 Anacapa Rd 15
General Information
Standard status
Active
Size
1,534 SF
Lot size
0.04 Acres
Property subtype
Commercial
Building Details
Building Size
1,534 SF
Year Built
1983
Listing Agency:
MGR Real Estate, Inc
(760) 955-7888
Listed By:
Paul Tan · License #01751292
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:16PM
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 available for sale. The property, constructed in 1983, is situated within the multi-tenant condo Park Center. The building and lot encompass 1534 square feet. The location offers proximity to the Kaiser Medical Clinic, shopping centers, gas stations, fast food restaurants, and professional offices, with convenient access to freeway I-15. Note that the business opportunity, along with furniture, fixtures, and equipment (FF&E), are not included in the sale of the building. The business opportunity is to be purchased in conjunction with the building.
Key Highlights
- Turnkey restaurant building in a desirable location.
- Close proximity to Kaiser Medical Clinic, shopping, gas stations, fast food restaurants, and professional offices.
- Easy access to freeway I‑15.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
165k
Monthly Visits Nearby
Under-served
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building for sale near I-15 and Kaiser Clinic.
Where is this conventional restaurant located?
The property is located at 15429 Anacapa Rd 15 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 desirable location.; Close proximity to Kaiser Medical Clinic, shopping, gas stations, fast food restaurants, and professional offices.; Easy access to freeway I‑15.
