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Unfinished Commercial Property in Apple Valley

22311 Bear Valley Apple Valley, CA 92308

Claim this Listing
For Sale
$6,500,000

Unfinished commercial property on 11 acres in Apple Valley.

Type:Retail
Property size:
35,000 SF
Lot size:
11.00 Acres
Price / SF:
$185.71/SF
Added:
Mar 5, 2026
Days on Market:
131
Last Refresh:
Apr 5 at 8:50 pm

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 office Coldwell Banker Commercial Real Estate Solutions

Listing date Mar 5, 2026

Source Cbcworldwide

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.

Local 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 (±1% cap)
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 (±1% cap)
NOI $516,792 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Van's Kitchen Thai ... Restaurant

Suggested Use

Real Estate Agency Building Supply Restaurant Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Kitchen & Bath Showroom HVAC Service Garden Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Apple Valley Plaza — Apple Valley, CA 92308

FAQs

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.
Contact an agent
More about this property
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