Commercial Shopping Center with Large
For Sale
$1,150,000
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$146.25
Days on Market142
Property Features for 16937 Walnut St
General Information
Standard status
Active
Size
7,863 SF
Building Details
Year Built
1988
Listing Agency:
RE/MAX FREEDOM
Listed By:
Kimberly Jarrard · License #01840446
(760) 887-1122
Source:
Myfabuloushome
Added: Jun 16
Changed: Oct 26
Last Checked: Oct 7 at 1:38PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$74,662
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,240
$1.5M
Cap Rate 7%
$1,066,600
$1.1M
Cap Rate 9%
$829,578
$829.6K
Market Conditions
NOI Build-Up for 7,863 SF
Gross rent
$113.2K $14.40/SF
− Vacancy
−$6.6K −$0.84/SF
EGI
$106.7K $13.56/SF
− OpEx
−$32.0K −$4.07/SF
NOI
$74.7K $9.50/SF
Area
Hesperia, CA
Vacancy
5.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,240
Cap Rate 7%
$1,066,600
Cap Rate 9%
$829,578
Alternative Uses
Best Use
Retail
$1.07M
$933.3K – $1.24M
NOI $74,662 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,103 @ 7.0% cap · market cap 13.57%
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
908
Businesses Nearby
231k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 36%
Groceries 21%
Home Improvements & Furnishings 3%
Stater Bros. Markets
Groceries
48,648 visits/mo
0.2 miles
Starbucks
Dining
23,867 visits/mo
0.3 miles
Fastrip
Shops & Services
19,844 visits/mo
0.5 miles
ARCO
Shops & Services
12,454 visits/mo
0.1 miles
Sizzler
Dining
10,570 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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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 $1,150,000.
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
