Auto Service Property on Bear
For Sale
Contact for pricing
Pending
15439 Bear Valley Rd, Hesperia, CA 92345
100% leased auto service property with high traffic location.
Property Size9,012 SF
Days on Market366
Property Features for 15439 Bear Valley Rd
General Information
Standard status
Pending
Size
9,012 SF
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2007
Buildings
1
Listing Agency:
CBRE - Orange County
(626) 705-8236
Listed By:
David Swerdlow · License #02104458
Source:
Crexi
Added: Aug 20, 2025
Changed: Aug 15
Last Checked: Aug 18 at 8:54AM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
This high-quality auto service property is 100% leased to two tenants: American Tire Depot and Fix Auto. American Tire Depot is wholly owned by Big Brand Tire & Service, which operates 229 auto service locations across multiple states and is backed by Percheron Capital. Fix Auto is a leading global network of independently owned and operated collision repair facilities and benefits from the support and resources of Driven Brands. Both tenants operate under absolute NNN leases. American Tire Depot is on a 15-year NNN lease expiring in November 2036. The property is in an ideal Hesperia location with frontage on Bear Valley Rd, which has a traffic count of approximately 51,160 cars per day. It is also one mile from the I-15 Freeway, which has a traffic count of approximately 115,531 cars per day. The property-wide rents average approximately $1.35 per square foot per month.
Key Highlights
- 100% Leased to American Tire Depot and Fix Auto.
- Absolute NNN Leases offer a low‑management opportunity for passive investors.
- American Tire Depot has a 15‑year NNN lease expiring in November 2036, offering long‑term stability.
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
$85,572
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
3.22%
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%
$1,711,440
$1.7M
Cap Rate 7%
$1,222,457
$1.2M
Cap Rate 9%
$950,800
$950.8K
Market Conditions
NOI Build-Up for 9,012 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
$129.8K $14.40/SF
− Vacancy
−$7.5K −$0.84/SF
EGI
$122.2K $13.56/SF
− OpEx
−$36.7K −$4.07/SF
NOI
$85.6K $9.50/SF
Area
Hesperia, CA
Vacancy
5.80%
Lease Rate
$14.40 /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%
$1,711,440
Cap Rate 7%
$1,222,457
Cap Rate 9%
$950,800
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.43M
NOI $85,572 @ 7.0% cap · market cap 3.22%
Second Best
Industrial
$1.04M
$912.3K – $1.22M
NOI $72,982 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,913 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
163k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 31%
Dining 25%
Groceries 25%
Shops & Services 17%
The Home Depot
Home Improvements & Furnishings
51,115 visits/mo
0.3 miles
Smart & Final
Groceries
37,390 visits/mo
0.3 miles
Baker's Drive Thru
Dining
12,709 visits/mo
0.4 miles
Dairy Queen
Dining
12,661 visits/mo
0.2 miles
Chevron
Shops & Services
11,451 visits/mo
0.1 miles
Demographics for 92345, CA
86,499
Population
27,247
Households
3.2
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
98.9 sq mi
ZIP Area
875
Density / Sq Mi
$65,949
Median Household Income
$37,235
Median Earnings
$1,499
Median Rent
$359,700
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?
Auto shop - 100% leased auto service property with high traffic location.
Where is this auto shop located?
The property is located at 15439 Bear Valley Rd Hesperia, CA.
What is the asking price?
The asking price for this property is $2,659,000.
What are key features of this property?
This property features: 100% Leased to American Tire Depot and Fix Auto.; Absolute NNN Leases offer a low‑management opportunity for passive investors.; American Tire Depot has a 15‑year NNN lease expiring in November 2036, offering long‑term stability.
