Commercial Shopping Center with Large
For Sale
Contact for pricing
16937 Walnut St, Hesperia, CA 92345
Shopping center with ample parking and flexible space, suitable for retail, restaurant, service, or professional uses.
Property Size7,863 SF
Price / SF$158.97
Days on Market60
Property Features for 16937 Walnut St
General Information
Standard status
Active
Size
7,863 SF
Property subtype
Retail
Building Details
Year Built
1988
Listing Agency:
Re/Max Freedom
(760) 887-1122
Listed By:
Kimberly Jarrard · License #01840446
Source:
Crexi
Added: Jun 6
Changed: Jul 10
Last Checked: Aug 4 at 1:05PM
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 Re/Max Freedom
Investment Insights
Based on property information with market context.
This for-sale commercial shopping center totals approximately 7,863± square feet and is positioned within an established retail corridor. The property includes a large parking lot with ample parking to support day-to-day customer and visitor access. Its configuration lends itself to a variety of small business and community-oriented concepts.
Located at 16937 Walnut St in Hesperia, the center benefits from good visibility and access along Walnut Street. The area surrounding the property includes major roadways, residential neighborhoods, and local businesses, which can help create consistent foot traffic throughout the day.
Given the center’s adaptable retail setting, it may be well-suited for potential restaurant use, service businesses, church or other religious facilities, or professional users. Buyers or tenants looking for a shopping center format with parking already in place may find the layout and location practical for operational needs. Any specific future use should be evaluated based on applicable requirements and approvals.
Located at 16937 Walnut St in Hesperia, the center benefits from good visibility and access along Walnut Street. The area surrounding the property includes major roadways, residential neighborhoods, and local businesses, which can help create consistent foot traffic throughout the day.
Given the center’s adaptable retail setting, it may be well-suited for potential restaurant use, service businesses, church or other religious facilities, or professional users. Buyers or tenants looking for a shopping center format with parking already in place may find the layout and location practical for operational needs. Any specific future use should be evaluated based on applicable requirements and approvals.
Key Highlights
- 7,863± SF commercial shopping center in Hesperia
- Built in 1988
- Located on Walnut Street in an established commercial corridor
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.7k | $15.60 |
| − Vacancy | −$6.7k | −$0.86 |
| EGI | $115.9k | $14.74 |
| − OpEx | −$29.0k | −$3.69 |
| NOI | $86.9k | $11.06 |
7,863 SF · lease $15.60/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,937 @ 7.0% cap · market cap 6.95%
Second Best
Retail
$1.07M
$933.3K – $1.24M
NOI $74,662 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,103 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
178k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Groceries 34%
Dining 19%
Beauty & Spa 1%
Cardenas Market
Groceries
32,423 visits/mo
0.5 miles
Stater Bros. Markets
Groceries
27,667 visits/mo
0.2 miles
dd's DISCOUNTS
Shops & Services
18,897 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,548 visits/mo
0.2 miles
Fastrip
Shops & Services
14,890 visits/mo
0.2 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?
Shopping center - Shopping center with ample parking and flexible space, suitable for retail, restaurant, service, or professional uses.
Where is this shopping center located?
The property is located at 16937 Walnut St Hesperia, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7,863± SF commercial shopping center in Hesperia; Built in 1988; Located on Walnut Street in an established commercial corridor
