Two-Building Office
For Sale
$1,500,000
16044 Bear Valley Road, Victorville, CA 92395
Freestanding office buildings occupied by long-term tenants near medical, educational, recreational, and transportation destinations.
Property Size8,500 SF
Price / SF$176.47
Days on Market89
Property Features for 16044 Bear Valley Road
General Information
Standard status
Active
Size
8,500 SF
Property subtype
Commercial/Industrial
Site & Location
Neighborhood
Ngbhd-0000011
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1984
Buildings
2
Tenancy
Multi
Listing Agency:
999 Investments, Inc
Listed By:
Paul Nguyen · License #01714869
(949) 678-0681
Source:
Exitrealty
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 19 at 5:09AM
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 999 Investments, Inc
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Investment Insights
Based on property information with market context.
This office property includes two freestanding buildings spanning over 8500sqft on an over 1-acre lot. The buildings are occupied by long-term tenants, providing an established office configuration for an investor evaluating an existing commercial property. Built in 1984, the asset is located in Victorville, California, along Bear Valley Rd.
The property is near Desert Valley Hospital, Victor Valley College, Hesperia Park, and Spring Valley lake. It also offers proximity to the 15 frwy and 18 frwy. Additional location data includes a BikeScore of 53, categorized as Bikeable; a WalkScore of 49, categorized as Car-Dependent; and a TransitScore of 30, categorized as Some Transit.
The property is near Desert Valley Hospital, Victor Valley College, Hesperia Park, and Spring Valley lake. It also offers proximity to the 15 frwy and 18 frwy. Additional location data includes a BikeScore of 53, categorized as Bikeable; a WalkScore of 49, categorized as Car-Dependent; and a TransitScore of 30, categorized as Some Transit.
Key Highlights
- Two freestanding office buildings spanning over 8500sqft
- Over 1‑acre lot in Victorville, CA
- All tenants are presently long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,232
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,944,640
$1.9M
Cap Rate 7%
$1,389,029
$1.4M
Cap Rate 9%
$1,080,356
$1.1M
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$158.1K $18.60/SF
− Vacancy
−$28.5K −$3.35/SF
EGI
$129.6K $15.25/SF
− OpEx
−$32.4K −$3.81/SF
NOI
$97.2K $11.44/SF
Area
Victorville, CA
Vacancy
18.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,944,640
Cap Rate 7%
$1,389,029
Cap Rate 9%
$1,080,356
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.62M
NOI $97,232 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,052 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
320
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office buildings occupied by long-term tenants near medical, educational, recreational, and transportation destinations.
Where is this office building located?
The property is located at 16044 Bear Valley Road Victorville, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two freestanding office buildings spanning over 8500sqft; Over 1‑acre lot in Victorville, CA; All tenants are presently long‑term tenants
