Versatile Industrial Property in
For Sale
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17260 Muskrat Avenue, Adelanto, CA 92301
Multiple buildings totaling 46,991 SF on 4.69 acres.
Property Size46,991 SF
Lot Size4.69 Acres
Price / SF$135.13
Days on Market169
Property Features for 17260 Muskrat Avenue
General Information
Standard status
Active
Size
46,991 SF
Lot size
4.69 Acres
Property subtype
Industrial
Building Details
Stories
1
Listing Agency:
Coldwell Banker Commercial Real Estate Solutions
(760) 684-8000
Listed By:
Steven Thompson · License #CA
Source:
Crexi
Added: Mar 11
Changed: Aug 25
Last Checked: Aug 26 at 2:59AM
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 industrial property features multiple metal buildings situated on three adjacent parcels, combining for a total of approximately 46,991 square feet of space on roughly 4.69 acres of land. The buildings include office spaces, an employee break room, and multiple restrooms. The property is equipped with multiple ground-level loading doors and fire suppression systems. The exterior features a fully paved and fenced area, offering ample parking and storage space. The property also includes upgraded power with approximately 2,500 amperage.
Key Highlights
- +/-46,991 square feet of versatile space across multiple buildings.
- Located on approximately 4.69 acres of prime land.
- Multiple ground‑level loading doors for seamless 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
$385,883
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
6.08%
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%
$7,717,660
$7.7M
Cap Rate 7%
$5,512,614
$5.5M
Cap Rate 9%
$4,287,589
$4.3M
Market Conditions
NOI Build-Up for 46,991 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
$586.4K $12.48/SF
− Vacancy
−$35.2K −$0.75/SF
EGI
$551.3K $11.73/SF
− OpEx
−$165.4K −$3.52/SF
NOI
$385.9K $8.21/SF
Area
San Bernardino County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
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%
$7,717,660
Cap Rate 7%
$5,512,614
Cap Rate 9%
$4,287,589
Alternative Uses
Best Use
Industrial
$5.51M
$4.82M – $6.43M
NOI $385,883 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.91M
$8.67M – $11.56M
NOI $693,844 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 92301, CA
38,912
Population
10,069
Households
3.9
Avg Household Size
29
Median Age
8%
College-Educated
73%
High-School Grad
224.8 sq mi
ZIP Area
173
Density / Sq Mi
$68,205
Median Household Income
$35,172
Median Earnings
$1,385
Median Rent
$316,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Multiple buildings totaling 46,991 SF on 4.69 acres.
Where is this industrial property located?
The property is located at 17260 Muskrat Avenue Adelanto, CA.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: +/-46,991 square feet of versatile space across multiple buildings.; Located on approximately 4.69 acres of prime land.; Multiple ground‑level loading doors for seamless operations.
