Industrial Facility in Apple
21284 Corwin Road Apple Valley, CA 92307
21284 Corwin Road, Apple Valley, CA, 92307
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For Sale
Contact for pricing
29,615 SF industrial facility in a high-growth market.
Property Size29,615 SF
Lot Size3.27 Acres
Price / SF$135.07
Days on Market417
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
- Year Built
- 1989
Listing Agency
Coldwell Banker Commercial Real Estate Solutions
Listed by
Bob Basen · License #CA
Source
Crexi
Added: May 27, 2025 Checked: Jul 16 at 12:09 pm
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 Real Estate Solutions
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shred Your Docs.Com
Recycling Center
Apple Valley Transfer ...
Moving Company
Similar For Sale Nearby
FAQs
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.
