Flex Space with Fenced
20474 Waalew, Apple Valley, CA 92307
For Sale
$275,000
Office and storage areas complement a fenced outdoor area for equipment or vehicle storage.
Property Size1,008 SF
Price / SF$272.82
Days on Market39
Property Features for 20474 Waalew
General Information
Standard status
Size
Property subtype
Site & Location
Fenced Yard
Outdoor Storage
Building Details
Building Size
Year Built
Stories
Listing Agency:
Berkshire Hathaway HomeServices Troth, Realtors
Listed By:
Helen Liebenow
Source:
Fcgrouprealty
Added: Oct 2
Changed: Nov 7
Last Checked: Nov 8 at 7:13AM
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 Berkshire Hathaway HomeServices Troth, Realtors
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Investment Insights
Based on property information with market context.
The 1,008-square-foot flex property includes a finished primary office, a smaller rear office, and a full bathroom. A separate storage room has a half bathroom. The building was constructed in 1988 and has HVAC and hot water systems. A fenced yard provides outdoor storage space on a parcel of just under three-quarters of an acre.
A separate 1.25-acre parcel lies directly behind the property and is available for purchase separately. The additional land may offer room for storage, parking, expansion, or future development, subject to applicable zoning and approvals.
A separate 1.25-acre parcel lies directly behind the property and is available for purchase separately. The additional land may offer room for storage, parking, expansion, or future development, subject to applicable zoning and approvals.
Key Highlights
- 1,008‑square‑foot building on just under three‑quarters of an acre
- Fenced outdoor yard for equipment, vehicles, or materials
- Finished main office, rear office, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,278
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,560
$165.6K
Cap Rate 7%
$118,257
$118.3K
Cap Rate 9%
$91,978
$92.0K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$12.6K $12.48/SF
− Vacancy
−$755 −$0.75/SF
EGI
$11.8K $11.73/SF
− OpEx
−$3.5K −$3.52/SF
NOI
$8.3K $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 Rate 5%
$165,560
Cap Rate 7%
$118,257
Cap Rate 9%
$91,978
Alternative Uses
Best Use
Industrial
$118.3K
$103.5K – $138.0K
NOI $8,278 @ 7.0% cap · market cap 3.01%
Second Best
Flex RnD
$109.8K
$96.1K – $128.1K
NOI $7,686 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$212.6K
$186.1K – $248.1K
NOI $14,884 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Balanced
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
$396,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in San Bernardino County, CA
Properties on Market for Flex space in San Bernardino County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Office and storage areas complement a fenced outdoor area for equipment or vehicle storage.
Where is this flex space located?
The property is located at 20474 Waalew Apple Valley, CA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,008‑square‑foot building on just under three‑quarters of an acre; Fenced outdoor yard for equipment, vehicles, or materials; Finished main office, rear office, and full bathroom
