Conventional
For Sale
$599,999
21919 US Highway 18, Apple Valley, CA 92307
Located on US Highway 18 in Apple Valley, California, with access supported by car, bicycle, walking, and transit scores.
Property Size2,651 SF
Days on Market113
Property Features for 21919 US Highway 18
General Information
Standard status
Active
Size
2,651 SF
Property subtype
Commercial
Building Details
Building Size
2,651 SF
Listing Agency:
Real Brokerage Technologies
(760) 559-9945
Listed By:
Omar Alfaro · License #01358569
Source:
Elliman
Added: May 10
Changed: Aug 30
Last Checked: Aug 30 at 11:52AM
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 Real Brokerage Technologies
Investment Insights
Based on property information with market context.
This conventional restaurant property is located at 21919 US Highway 18 in Apple Valley, California. The available property information identifies the asset as a restaurant and provides transportation scores for the surrounding area.
The location records a bikeScore of 36, described as Somewhat Bikeable, a walkScore of 49, described as Car-Dependent, and a transitScore of 37, described as Some Transit. These metrics provide context for bicycle, pedestrian, and transit accessibility at the property address.
The location records a bikeScore of 36, described as Somewhat Bikeable, a walkScore of 49, described as Car-Dependent, and a transitScore of 37, described as Some Transit. These metrics provide context for bicycle, pedestrian, and transit accessibility at the property address.
Key Highlights
- 21919 US Highway 18 address in Apple Valley, CA 92307
- bikeScore: 36, Somewhat Bikeable
- walkScore: 49, Car‑Dependent
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,999
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$759,980
$760.0K
Cap Rate 7%
$542,843
$542.8K
Cap Rate 9%
$422,211
$422.2K
Market Conditions
NOI Build-Up for 2,651 SF
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.
Gross rent
$57.3K $21.60/SF
− Vacancy
−$3.0K −$1.12/SF
EGI
$54.3K $20.48/SF
− OpEx
−$16.3K −$6.14/SF
NOI
$38.0K $14.33/SF
Area
San Bernardino County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$759,980
Cap Rate 7%
$542,843
Cap Rate 9%
$422,211
Alternative Uses
Best Use
Retail
$542.8K
$475.0K – $633.3K
NOI $37,999 @ 7.0% cap · market cap 6.33%
Second Best
Specialty Retail
$367.3K
$321.4K – $428.5K
NOI $25,709 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$559.2K
$489.3K – $652.4K
NOI $39,143 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Under-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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Located on US Highway 18 in Apple Valley, California, with access supported by car, bicycle, walking, and transit scores.
Where is this conventional restaurant located?
The property is located at 21919 US Highway 18 Apple Valley, CA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 21919 US Highway 18 address in Apple Valley, CA 92307; bikeScore: 36, Somewhat Bikeable; walkScore: 49, Car‑Dependent
