Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Building in Old Town Title is generated by Realmo AI

    15483 Seventh St, Victorville, CA 92395

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two-story commercial building with mixed-use potential in historic district.

    Type:Industrial, Mixed Use
    Property size:
    10,000 SF
    Price / SF:
    $65/SF
    Added:
    Dec 28, 2021
    Days on Market:
    1621
    Last Refresh:
    May 19 at 10:19 pm

    Property Features for 15483 Seventh St

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Industrial, Mixed Use

    We can help!

    Listing Contact
    Ryan Travis

    Listing agent Ryan Travis License #01358790

    Listing office Kursch Group

    Listing date Dec 28, 2021

    Source Crexi

    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

    HighLights

    • 10,000 sqft commercial building in Old Town Specific Plan Mixed‑Use Retail District
    • Zoning allows for neighborhood commercial and residential mixed‑use development
    • Retail uses required on ground‑floor frontage, with office/residential allowed above or behind
    • Potential to divide the 2nd floor into four individual residential units
    • Current gross annual income of $30,000 from existing tenants
    • Located in Old Town, with encouragement for retail that promotes Route 66 heritage

    Overview

    This 10,000 square foot, two-story commercial building is zoned Old Town Specific Plan within the Mixed-Use Retail District, which allows for neighborhood commercial and residential mixed-use development. Retail uses are required along the ground-floor frontage of 7th Street and D Street. Office and/or residential uses are allowed behind or above as part of a Development Plan, incorporating horizontal mixed use to the extent feasible. There is potential to demise the 2nd floor into four individual residential units, creating upside. Specialty retail uses that promote Old Town's historic Route 66 heritage are strongly encouraged. Currently, the building is leased to three tenants on the ground floor and one tenant on the 2nd floor, all on a month-to-month basis. The current gross annual income is $30,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mavis Law Firm NO OTHER Thrift Clothing Store Elite Boxing Gym & Fitness Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.2955306
    Latitude
    34.5335032

    Nearby Similar for Sale

    • $950,000
      5,230 SF

      Victorville Industrial Asset For Sale

      Well-located industrial asset in Victorville with flexible space.
      15328 Bonanza, Victorville, CA 92392
      View Details
    • $1,200,000
      2,456 SF

      Profitable Restaurant on Prime Lot

      Operating restaurant on a 1.07-acre lot in a thriving corridor.
      14096 Green Tree Boulevard, Victorville, CA 92395
      View Details
    • $140,000
      1,600 SF

      Established Salon Business Opportunity

      Turnkey hair salon in a prime Victorville retail center.
      12044 Dunia Road, Victorville, CA 92392
      View Details
    • $5,199,000
      7,500 SF

      Retail Investment Opportunity in Victorville

      Four-unit retail property with national tenants in Victorville, CA.
      17080 Bear Valley Road, Victorville, CA 92395
      View Details
    • $275,000

      Turnkey Mobile Detailing Business Opportunity

      Established mobile auto detailing business with storefront presence for sale.
      12284 Industrial Blvd, Victorville, CA 92395
      View Details
    • $700,000
      5,376 SF

      Remodeled Commercial Building in Victorville

      Remodeled commercial building with stable income and upgraded systems.
      16424 Victor, Victorville, CA 92395
      View Details
    • $690,000
      1,400 SF

      Remodeled Retail Space on Large Lot

      Remodeled 1,400 SF retail building on 1.14 acre lot.
      15224 Bonanza Drive, Victorville, CA 92392
      View Details
    • $485,000
      1,081 SF

      Retail Property on Hesperia Road

      Retail space with frontage on Hesperia Road in Victorville.
      14258 HESPERIA Road, Victorville, CA 82695
      View Details
    • $1,200,000
      2,456 SF

      Profitable Restaurant on Prime Lot

      Operating restaurant on 1.07 acre lot near freeway.
      14096 Green Tree Blvd, Victorville, CA 92395
      View Details
    • $860,000
      4,800 SF

      Victorville Commercial Property For Sale

      Commercial property in Victorville with long-term tenants and upside potential.
      13905 Amargosa Road, Victorville, CA 92392
      View Details
    • $525,000
      2,039 SF

      Turnkey Industrial Condo in Victorville

      2,039 SF industrial condo with high-quality buildout and convenient location.
      12180 Ridgecrest Rd Ste 420, Victorville, CA 92395
      View Details
    • $750,000

      Victorville Commercial Property For Sale

      Commercial property suitable for various uses, high visibility location.
      14923 7th St, Victorville, CA 92395
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-story commercial building with mixed-use potential in historic district.
    Where is this mixed-use property located?
    The property is located at 15483 Seventh St Victorville, CA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 10,000 sqft commercial building in Old Town Specific Plan Mixed‑Use Retail District; Zoning allows for neighborhood commercial and residential mixed‑use development; Retail uses required on ground‑floor frontage, with office/residential allowed above or behind
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Travis
    Real Estate License ID: 01358790
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15483 Seventh St, Victorville, CA 92395
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!