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    32733 Highway 18 Lucerne Valley, CA 92356

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    Highly visible commercial property with frontage on State Route 18.

    Type:Commercial
    Lot size:
    1.34 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    11
    Last Refresh:
    Mar 25 at 5:23 am

    Property Features for 32733 Highway 18

    General Information

    Standard status
    Active
    Lot size
    1.34 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Dong Jun Choi

    Listing agent Dong Jun Choi

    Listing office

    Listing date Mar 26, 2026

    Source Elliman

    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 Dong Jun Choi

    Overview

    Lucerne Valley Commercial Property

    This commercial property is positioned along the main corridor of State Route 18, offering high visibility and accessibility in the High Desert market. Located in Lucerne Valley, the property benefits from consistent drive-by traffic connecting the Victor Valley region to mountain communities such as Big Bear Lake. The site features a freestanding structure with a flexible interior layout. The property includes ample on-site parking and yard space. The expansive lot provides room for outdoor storage, equipment staging, or future expansion. This property is suitable for restaurants, auto repair or tire shops, landscaping or contractor yards, feed and supply or hardware stores, specialty retail, equipment rental or storage yards, trucking or logistics support, RV, trailer, or off-road vehicle services, and religious facilities. It is ideal for businesses catering to both local residents and transient traffic. With limited commercial inventory in the immediate area, this property presents an opportunity to establish a presence along one of the primary transportation routes in the High Desert.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy

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

    Similar Places Nearby

    • A's Tires — 33060 Old Woman Springs Rd, Lucerne Valley, CA 92356
    • Mario's mechanic shop — 10501, 10617 Trade Post Rd, Lucerne Valley, CA 92356
    • Candelas Transmissions and Complete Auto Repair — 10481 Barstow Rd, Lucerne Valley, CA 92356
    • Reparaciones de motos — 32111 CA-18 B, Lucerne Valley, CA 92356

    Location Insight

    • Map
    • Local Demand
    City
    Lucerne Valley
    County
    San Bernardino
    State
    California
    Longitude
    -116.956056
    Latitude
    34.443569

    FAQs

    What type of property is this?
    Auto shop - Highly visible commercial property with frontage on State Route 18.
    Where is this auto shop located?
    The property is located at 32733 Highway 18 Lucerne Valley, CA.
    What are key features of this property?
    This property features: High visibility location on State Route 18 with strong frontage.; Strategic location connecting Victor Valley to Big Bear Lake, benefiting from consistent drive‑by traffic.; Flexible interior layout suitable for a wide range of commercial and light industrial uses.
    We can help!
    Listing Contact
    Dong Jun Choi
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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