Industrial Facility in Apple
For Sale
$4,000,000
21284 Corwin Road, Apple Valley, CA 92307
29,615 SF industrial facility in a high-growth market.
Property Size29,615 SF
Lot Size3.27 Acres
Price / SF$135.07
Days on Market204
Property Features for 21284 Corwin Road
General Information
Standard status
Active
Size
29,615 SF
Lot size
3.27 Acres
Property subtype
Industrial
Building Details
Building Size
29,615 SF
Year Built
1989
Listing Agency:
Coldwell Banker Commercial Rea
Listed By:
Robert Basen · License #00521368
(760) 792-8622
Source:
Velocityrealtysd
Added: Mar 27
Changed: Oct 4
Last Checked: Oct 15 at 8:07AM
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 Rea
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Investment Insights
Based on property information with market context.
This 29,615 square foot industrial facility is located in the Apple Valley Industrial Specific Plan. The property is situated on 3.27 acres and has operated as a transfer and storage center. The building offers a versatile layout suitable for logistics, warehousing, manufacturing, or distribution. It features expansive clear-height space, multiple access points for efficient loading and unloading, and ample yard space for vehicle or container storage. The property is located minutes from the I-15 Freeway and the Apple Valley Airport, offering regional connectivity. The Apple Valley Industrial Specific Plan has over 12 million square feet of industrial development entitled and underway. This facility presents an opportunity for owner-users and investors seeking an industrial asset in a high-growth market. The property is ideal for warehousing, distribution, manufacturing, or transfer hub use.
Key Highlights
- Prime location within the Apple Valley Industrial Specific Plan, a rapidly expanding industrial zone.
- Excellent regional connectivity, located minutes from the I‑15 Freeway and Apple Valley Airport.
- Versatile 29,615 square foot facility suitable for logistics, warehousing, manufacturing, distribution, or transfer hub use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$295,307
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,906,140
$5.9M
Cap Rate 7%
$4,218,671
$4.2M
Cap Rate 9%
$3,281,189
$3.3M
Market Conditions
NOI Build-Up for 29,615 SF
Gross rent
$369.6K $12.48/SF
− Vacancy
−$22.2K −$0.75/SF
EGI
$347.4K $11.73/SF
− OpEx
−$52.1K −$1.76/SF
NOI
$295.3K $9.97/SF
Area
San Bernardino County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,906,140
Cap Rate 7%
$4,218,671
Cap Rate 9%
$3,281,189
Alternative Uses
Best Use
Warehouse
$4.22M
$3.69M – $4.92M
NOI $295,307 @ 7.0% cap · market cap 7.38%
Second Best
Industrial
$3.47M
$3.04M – $4.05M
NOI $243,194 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$6.25M
$5.47M – $7.29M
NOI $437,279 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - 29,615 SF industrial facility in a high-growth market.
Where is this warehouse located?
The property is located at 21284 Corwin Road Apple Valley, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Prime location within the Apple Valley Industrial Specific Plan, a rapidly expanding industrial zone.; Excellent regional connectivity, located minutes from the I‑15 Freeway and Apple Valley Airport.; Versatile **29,615 square foot facility** suitable for logistics, warehousing, manufacturing, distribution, or transfer hub use.
