Industrial Distribution
For Sale
$4,000,000
21284 Corwin Road, Apple Valley, CA 92307
Commercial Sale, Apple Valley, CA
Property Size29,615 SF
Lot Size3.27 Acres
Price / SF$135.07
Days on Market143
Property Features for 21284 Corwin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
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Subdivision
APPV - Apple Valley
Standard status
Active
APN
0463381780000
Lot size
3.27 Acres
Additional Details
Tenant in Place
Yes
Property Use
Transfer and Storage Center
Building Details
Year built
1989
Buildings
1
Listing Agency:
Coldwell Banker Commercial Rea · Coldwell Banker Real Estate
(760) 684-8000
Listed By:
Robert Basen · License #00521368
(760) 792-8622
Added: Jun 16
Changed: Nov 2
Last Checked: Nov 5 at 7:06AM
MLS# HD26131520
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This industrial distribution facility occupies 3.27 acres in Apple Valley’s Industrial Specific Plan. The building includes clear-height space, multiple access points for loading and unloading, and yard area suited to vehicle or container storage. The layout supports warehousing, logistics, manufacturing, distribution, and transfer-center operations. Built in 1989, the property has served as a transfer and storage center for an established business.
The site is minutes from I-15 and Apple Valley Airport, providing access to regional transportation connections. It is also located within an industrial plan where more than 12 million square feet of development is entitled and underway. The tenant is open to remaining at the property under a long-term lease.
The site is minutes from I-15 and Apple Valley Airport, providing access to regional transportation connections. It is also located within an industrial plan where more than 12 million square feet of development is entitled and underway. The tenant is open to remaining at the property under a long-term lease.
Key Highlights
- 3.27‑acre industrial distribution property in Apple Valley’s Industrial Specific Plan
- Clear‑height building space with multiple loading and unloading access points
- Yard area supports vehicle or container storage
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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?
Distribution center - Industrial property with yard space and multiple access points for loading and unloading.
Where is this distribution center 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: 3.27‑acre industrial distribution property in Apple Valley’s Industrial Specific Plan; Clear‑height building space with multiple loading and unloading access points; Yard area supports vehicle or container storage
