Industrial Distribution Facility with
For Sale
$4,000,000
21284 Corwin Road, Apple Valley, CA 92307
COMMERCIAL - Apple Valley, CA
Property Size29,615 SF
Lot Size3.27 Acres
Price / SF$135.07
Days on Market48
Property Features for 21284 Corwin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Call me, I will guide you.
Subdivision
APPV - Apple Valley
Standard status
Active
APN
0463381780000
Lot size
3.27 Acres
Building Details
Year built
1989
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: Jul 6
Last Checked: Aug 2 at 12:06PM
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.
Investment Insights
Based on property information with market context.
A +/-29,615 square foot industrial facility for sale featuring expansive clear-height space, multiple access points to support efficient loading and unloading, and ample yard space for vehicle or container storage. The property is situated on 3.27 acres and has operated as a transfer and storage center for more than 40 years.
Located at 21284 Corwin Road in Apple Valley within the Industrial Specific Plan, the site is described as minutes from the I-15 Freeway and the Apple Valley Airport. The remarks also note that the Apple Valley Industrial Specific Plan includes 12 million+ square feet of industrial development entitled and underway.
This turnkey asset is positioned for logistics, warehousing, manufacturing, or distribution uses, with a tenant reportedly open to staying and signing a long-term lease. The listing also notes the property is under replacement cost.
Located at 21284 Corwin Road in Apple Valley within the Industrial Specific Plan, the site is described as minutes from the I-15 Freeway and the Apple Valley Airport. The remarks also note that the Apple Valley Industrial Specific Plan includes 12 million+ square feet of industrial development entitled and underway.
This turnkey asset is positioned for logistics, warehousing, manufacturing, or distribution uses, with a tenant reportedly open to staying and signing a long-term lease. The listing also notes the property is under replacement cost.
Key Highlights
- ±29,615 SF industrial facility built in 1989 on 3.27 acres in Apple Valley’s Industrial Specific Plan
- Expansive clear‑height space with multiple access points to support loading and unloading for industrial operations
- Ample yard space for vehicle or container storage and truck access for logistics, warehousing, or distribution
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $369.6k | $12.48 |
| − Vacancy | −$22.2k | −$0.75 |
| EGI | $347.4k | $11.73 |
| − OpEx | −$52.1k | −$1.76 |
| NOI | $295.3k | $9.97 |
29,615 SF · lease $12.48/SF/yr · vacancy 6.00% · expense 15.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,209
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Distribution center - For sale 29,615 SF industrial facility on 3.27 acres with expanded clear-height space, multiple access points, and ample yard.
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: ±29,615 SF industrial facility built in 1989 on 3.27 acres in Apple Valley’s Industrial Specific Plan; Expansive clear‑height space with multiple access points to support loading and unloading for industrial operations; Ample yard space for vehicle or container storage and truck access for logistics, warehousing, or distribution
