Three-Building Mixed-Use
New
For Sale
$3,750,000
17415 Catalpa, Hesperia, CA 92345
The occupied complex serves auto-related, light manufacturing, office, and entertainment businesses.
Property Size30,064 SF
Lot Size2.50 Acres
Price / SF$124.73
Days on Market2
Property Features for 17415 Catalpa
General Information
Standard status
Active
Size
30,064 SF
Lot size
2.50 Acres
Occupancy
100%
Building Details
Year Built
1987
Buildings
3
Listing Agency:
Century 21 Masters
Listed By:
Keith Liverman · License #01917806
(760) 244-8557
Source:
Myfabuloushome
Added: Sep 29
Last Checked: Aug 25 at 5:13AM
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 Century 21 Masters
Investment Insights
Based on property information with market context.
Three buildings on approximately 2.5 acres provide a combined 30,064 square feet of space. Constructed in 1987, the complex was initially arranged as 37 units; some occupants now use multiple spaces. The property is fully occupied, and most tenant agreements are month to month. Current uses include auto-related businesses, light manufacturing, offices, and entertainment.
The Hesperia site is near the BNSF rail line and lies between two of the city’s main arterials.
The Hesperia site is near the BNSF rail line and lies between two of the city’s main arterials.
Key Highlights
- Three buildings totaling approximately 30,064 square feet
- Approximately 2.5 acres in Hesperia
- 100% occupied; most tenant agreements are month to month
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
$243,466
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
6.49%
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%
$4,869,320
$4.9M
Cap Rate 7%
$3,478,086
$3.5M
Cap Rate 9%
$2,705,178
$2.7M
Market Conditions
NOI Build-Up for 30,064 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
$375.2K $12.48/SF
− Vacancy
−$27.4K −$0.91/SF
EGI
$347.8K $11.57/SF
− OpEx
−$104.3K −$3.47/SF
NOI
$243.5K $8.10/SF
Area
Hesperia, CA
Vacancy
7.30%
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%
$4,869,320
Cap Rate 7%
$3,478,086
Cap Rate 9%
$2,705,178
Alternative Uses
Best Use
Mixed Use
$5.99M
$5.24M – $6.99M
NOI $419,393 @ 7.0% cap · market cap 11.18%
Second Best
Industrial
$3.48M
$3.04M – $4.06M
NOI $243,466 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$8.53M
$7.46M – $9.95M
NOI $596,855 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
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 Industrial in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The occupied complex serves auto-related, light manufacturing, office, and entertainment businesses.
Where is this mixed-use property located?
The property is located at 17415 Catalpa Hesperia, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Three buildings totaling approximately 30,064 square feet; Approximately 2.5 acres in Hesperia; 100% occupied; most tenant agreements are month to month
