Victorville Industrial Building For
For Sale
$4,100,000
17200 Jasmine St, Victorville, CA 92395
First-class industrial building on 2 acres in Victorville.
Property Size29,900 SF
Lot Size2.00 Acres
Days on Market169
Property Features for 17200 Jasmine St
General Information
Standard status
Active
Size
29,900 SF
Lot size
2.00 Acres
Property subtype
Industrial
Building Details
Building Size
29,900 SF
Year Built
1997
Units
1
Listing Agency:
Coldwell Banker Commercial Real Estate Solutions
(760) 684-8000
Listed By:
James Phillips · License #00776319
Source:
Elliman
Added: Mar 10
Changed: Aug 15
Last Checked: Aug 24 at 9:48AM
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 Commercial Real Estate Solutions
Investment Insights
Based on property information with market context.
This first-class industrial building is located in the heart of Victor Valley on 2 acres of prime land in the City of Victorville. The metal building features a nice build-out of offices on the first floor and a large workshop area. Originally built for and used as an auto body repair shop since 1997, the property includes a large fenced area. A generous parts storage area upstairs was built out as additional office space but is not currently permitted. The property is in good condition and presents a great opportunity for an owner-occupant or as an investment.
Key Highlights
- Prime location in the heart of Victor Valley, City of Victorville.
- First‑class industrial building suitable for owner‑occupancy or investment.
- Large fenced area for secure storage or operations.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$277,415
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,548,300
$5.5M
Cap Rate 7%
$3,963,071
$4.0M
Cap Rate 9%
$3,082,389
$3.1M
Market Conditions
NOI Build-Up for 29,900 SF
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.
Gross rent
$466.4K $15.60/SF
− Vacancy
−$39.6K −$1.33/SF
EGI
$426.8K $14.27/SF
− OpEx
−$149.4K −$5.00/SF
NOI
$277.4K $9.28/SF
Area
Victorville, CA
Vacancy
8.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,548,300
Cap Rate 7%
$3,963,071
Cap Rate 9%
$3,082,389
Alternative Uses
Best Use
Flex RnD
$3.96M
$3.47M – $4.62M
NOI $277,415 @ 7.0% cap · market cap 6.77%
Second Best
Industrial
$2.81M
$2.46M – $3.28M
NOI $197,048 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$6.33M
$5.54M – $7.39M
NOI $443,405 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,607
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - First-class industrial building on 2 acres in Victorville.
Where is this flex space located?
The property is located at 17200 Jasmine St Victorville, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Prime location in the heart of Victor Valley, City of Victorville.; First‑class industrial building suitable for owner‑occupancy or investment.; Large fenced area for secure storage or operations.
