Union Street Investment
For Sale
$650,000
16623 Union St, Victorville, CA 92395
Active tire shop with additional rental units for sale.
Property Size2,000 SF
Lot Size0.15 Acres
Days on Market239
Property Features for 16623 Union St
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.15 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Ngbhd-0000010
Building Details
Building Size
2,000 SF
Year Built
1958
Listing Agency:
Good Faith Investments, Inc
Listed By:
Angie Marquez
(323) 833-3414
Source:
Elliman
Added: Mar 11
Changed: Nov 4
Last Checked: Nov 3 at 6:09AM
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 Good Faith Investments, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property on Union Street, situated between 6th and 7th Streets, presents an investment opportunity. Currently, a tire repair shop operates on the premises and is actively generating revenue. In addition to the tire shop, the property includes three rental units that can provide supplementary monthly income. The property's location and existing infrastructure may suit various business ventures.
Key Highlights
- Active tire repair shop included
- Three additional rental units for supplementary income
- Ideal investment opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,752
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,040
$415.0K
Cap Rate 7%
$296,457
$296.5K
Cap Rate 9%
$230,578
$230.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$32.4K $16.20/SF
− Vacancy
−$2.8K −$1.38/SF
EGI
$29.6K $14.82/SF
− OpEx
−$8.9K −$4.45/SF
NOI
$20.8K $10.38/SF
Area
Victorville, CA
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,040
Cap Rate 7%
$296,457
Cap Rate 9%
$230,578
Alternative Uses
Best Use
Retail
$296.5K
$259.4K – $345.9K
NOI $20,752 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$188.3K
$164.8K – $219.7K
NOI $13,180 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$423.7K
$370.7K – $494.3K
NOI $29,659 @ 7.0% cap · market cap 4.56%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
Del Taco
Dining
7,231 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
3,568 visits/mo
0.3 miles
Winchell's Donut House
Dining
2,188 visits/mo
0.4 miles
Caliber Collision
Shops & Services
505 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- J & E Brakes & Mufflers — 14896 7th St, Victorville, CA 92395
- Briseno Auto Electric and Repair — 14810 7th St C, Victorville, CA 92395
- SOCAL PRO 2 — 14810 7th St unit D, Victorville, CA 92395
- ARTEX WINDOW TINT PPF — 14856 7th St, Victorville, CA 92395
- Victor Valley Oil Change & Repair — 14890 7th St, Victorville, CA 92395
Frequently Asked Questions
What type of property is this?
Auto shop - Active tire shop with additional rental units for sale.
Where is this auto shop located?
The property is located at 16623 Union 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: Active tire repair shop included; Three additional rental units for supplementary income; Ideal investment opportunity
