Route 66 Mixed-Use
For Sale
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15586 7th Street, Victorville, CA 92395
Four units in revitalizing Old Town Victorville, near I-15.
Property Size4,775 SF
Price / SF$125.65
Days on Market865
Property Features for 15586 7th Street
General Information
Standard status
Active
Size
4,775 SF
Property subtype
Mixed Use
Listing Agency:
Coldwell Banker Home Source Apple Valley
Listed By:
Kevin Chen · License #CA
(323) 924-3805
Source:
Crexi
Added: Jun 5, 2024
Changed: Oct 6
Last Checked: Oct 16 at 8:34AM
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 Coldwell Banker Home Source Apple Valley
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Investment Insights
Based on property information with market context.
This mixed-use property is located on Route 66 in downtown Victorville. The property features two buildings comprising four units: 15586 7th St #100, 15586 7th St #200, 15584 7th St, and 16885 C St. One of the units is a fully functional dentist office. Situated on a corner lot, the property benefits from high traffic frontage along Historic Route 66/7th St. Its location near the D street exit to the 15 freeway provides access to California. The property is located in Victorville's Old Town Specific Plan area, which is intended to revitalize the Old Town district into a mixed-use focal point for the region over the next 20-30 years. The property size is 4775 square feet.
Key Highlights
- Located on Historic Route 66 in Downtown Victorville with high traffic frontage
- Consists of 2 buildings with 4 units, offering income potential
- Includes a fully functional dentist office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,625
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$912,500
$912.5K
Cap Rate 7%
$651,786
$651.8K
Cap Rate 9%
$506,944
$506.9K
Market Conditions
NOI Build-Up for 4,775 SF
Gross rent
$80.2K $16.80/SF
− Vacancy
−$7.2K −$1.51/SF
EGI
$73.0K $15.29/SF
− OpEx
−$27.4K −$5.73/SF
NOI
$45.6K $9.56/SF
Area
Victorville, CA
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$912,500
Cap Rate 7%
$651,786
Cap Rate 9%
$506,944
Alternative Uses
Best Use
Mixed Use
$651.8K
$570.3K – $760.4K
NOI $45,625 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$885.1K – $1.18M
NOI $70,811 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four units in revitalizing Old Town Victorville, near I-15.
Where is this mixed-use property located?
The property is located at 15586 7th Street Victorville, CA.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: Located on Historic Route 66 in Downtown Victorville with high traffic frontage; Consists of 2 buildings with 4 units, offering income potential; Includes a fully functional dentist office
