Apple Valley Medical Center
For Sale
Contact for pricing
18056 Wika Rd, Apple Valley, CA 92307
Centrally located medical building near St. Mary Medical Center.
Property Size9,295 SF
Lot Size0.55 Acres
Price / SF$192.90
Days on Market214
Property Features for 18056 Wika Rd
General Information
Standard status
Active
Size
9,295 SF
Total Parking Spaces
30
Lot size
0.55 Acres
Property subtype
Office
Zoning
General Commercial
Building Details
Year Built
1991
Stories
1
Listing Agency:
Re/Max Freedom
(760) 701-0227
Listed By:
Lynda Thomasson · License #01516092
Source:
Crexi
Added: Jan 12
Changed: Aug 8
Last Checked: Aug 13 at 5:04PM
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.
The Wika Medical Center presents a commercial opportunity in Apple Valley. This centrally located medical and professional building offers over 9,000 sq. ft. across four suites. The property is situated on two parcels totaling more than 24,000 sq. ft. The location offers visibility, being just a block west of St. Mary Medical Center. One suite features a fully approved Medicare-certified surgery center. The property has been maintained with newer A/C units, tile and carpeting, and minimal landscaping. Zoned General Commercial, this building offers flexibility for a variety of professional or medical uses.
Key Highlights
- Prime location one block from St. Mary Medical Center, offering excellent visibility and access for healthcare professionals
- Includes a fully approved Medicare‑certified surgery center
- Over 9,000 sq. ft. of space across four suites, suitable for various medical or professional uses
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
$109,406
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
6.10%
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%
$2,188,120
$2.2M
Cap Rate 7%
$1,562,943
$1.6M
Cap Rate 9%
$1,215,622
$1.2M
Market Conditions
NOI Build-Up for 9,295 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
$158.4K $17.04/SF
− Vacancy
−$12.5K −$1.35/SF
EGI
$145.9K $15.69/SF
− OpEx
−$36.5K −$3.92/SF
NOI
$109.4K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,188,120
Cap Rate 7%
$1,562,943
Cap Rate 9%
$1,215,622
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.82M
NOI $109,406 @ 7.0% cap · market cap 6.10%
Second Best
Healthcare Medical
$1.10M
$963.1K – $1.28M
NOI $77,046 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,245 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92307, CA
41,649
Population
13,832
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
187.5 sq mi
ZIP Area
222
Density / Sq Mi
$74,715
Median Household Income
$39,014
Median Earnings
$1,379
Median Rent
$396,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Centrally located medical building near St. Mary Medical Center.
Where is this medical office space located?
The property is located at 18056 Wika Rd Apple Valley, CA.
What is the asking price?
The asking price for this property is $1,793,000.
What are key features of this property?
This property features: Prime location one block from St. Mary Medical Center, offering excellent visibility and access for healthcare professionals; Includes a fully approved Medicare‑certified surgery center; Over 9,000 sq. ft. of space across four suites, suitable for various medical or professional uses
