Unfinished Commercial Property in Apple
22311 Bear Valley Apple Valley, CA 92308
For Sale
$6,500,000
Unfinished commercial property on 11 acres in Apple Valley.
Property Size35,000 SF
Lot Size11.00 Acres
Price / SF$185.71
Days on Market146
Property Features for 22311 Bear Valley
General Information
Standard status
Active
Size
35,000 SF
Lot size
11.00 Acres
Property subtype
Retail
Building Details
Year Built
2007
Listing Agency:
Coldwell Banker Commercial Real Estate Solutions
(760) 684-8000
Listed By:
Paul Leon · License #00915214
(760) 684-8000
Source:
Cbcworldwide
Added: Mar 5
Changed: Jul 6
Last Checked: Apr 9 at 9:00PM
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.
Located at the high-traffic intersection of Bear Valley Road and Central Road, Apple Valley Plaza is an unfinished commercial property spanning approximately 11 acres. The development includes multiple structures in various stages of completion. The main commercial building is 35,000 square feet, accompanied by a 10,000-square-foot retail building and a 5,000-square-foot building suitable for office or service use. Additionally, there are two 5,000-square-foot fast-food pads and one 7,000-square-foot retail pad. This property offers an opportunity for investors or developers to complete and customize a commercial center in a visible corridor of Apple Valley. The location benefits from high traffic and visibility, surrounded by established retail and residential developments, presenting an excellent opportunity to reposition a prime commercial center in a rapidly growing market.
Key Highlights
- High‑traffic, high‑visibility location at the intersection of Bear Valley Road and Central Road.
- Substantial 11‑acre lot size.
- Multiple structures in various stages of completion, offering flexible development options.
Financial Insights For Retail
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 | $756.0k | $21.60 |
| − Vacancy | −$39.3k | −$1.12 |
| EGI | $716.7k | $20.48 |
| − OpEx | −$215.0k | −$6.14 |
| NOI | $501.7k | $14.33 |
35,000 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.17M
$6.27M – $8.36M
NOI $501,682 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.38M
$6.46M – $8.61M
NOI $516,792 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Apple Valley Plaza — Apple Valley, CA 92308
Frequently Asked Questions
What type of property is this?
Shopping center - Unfinished commercial property on 11 acres in Apple Valley.
Where is this shopping center located?
The property is located at 22311 Bear Valley Apple Valley, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: High‑traffic, high‑visibility location at the intersection of Bear Valley Road and Central Road.; Substantial 11‑acre lot size.; Multiple structures in various stages of completion, offering flexible development options.
