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    Phelan Retail Space Available Title is generated by Realmo AI

    3936 Phelan Rd Unit B16 -18, Phelan, CA 92371

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    For Lease
    $1.25 SF/Yr $3,891/Mo (calc)

    Multi-tenant shopping center with spaces for lease in Phelan.

    Type:Retail
    Property size:
    37,358 SF
    Added:
    Nov 26, 2025
    Days on Market:
    181
    Last Refresh:
    May 8 at 8:45 pm

    Property Features for 3936 Phelan Rd Unit B16 -18

    General Information

    Standard status
    Active
    Size
    37,358 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1993

    Spaces For Lease

    at 3936 Phelan Rd Unit B16 -18 Contact us

    We can help!

    Listing Contact
    Paul A. Casilla
    Paul A. Casilla

    Listing agent Paul A. Casilla License #CalDRE #01881506

    Listing office Lee & Associates - Victorville

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Lee & Associates - Victorville

    HighLights

    • Prime location at a signalized intersection in Phelan's main commercial corridor.
    • High visibility and access on the area's main thoroughfare.
    • Serves as a key retail hub for surrounding communities, schools, and civic institutions.
    • Flexible layouts suitable for retail, office, or service‑based tenants.
    • Ample parking and steady daily traffic.
    • Excellent frontage and signage opportunities.

    Overview

    Located at the intersection of Phelan Road and Sheep Creek Road, this multi-tenant shopping center offers retail space in Phelan’s main commercial corridor. The center has visibility, parking, and traffic, serving residential communities, schools, and civic institutions. Available for lease are three suites: Unit B13 consisting of approximately 1,160 square feet, Units B17 & B18 (combined) offering approximately 3,600 square feet, and Unit D3 with approximately 1,730 square feet. Each space features layouts suitable for retail, office, or service-based tenants, with frontage and signage opportunities. Lease rates range from $1.25 to $2.00 per square foot per month on a triple net (NNN) basis, with NNN fees currently estimated at an additional $0.50 per square foot monthly. Positioned along the area’s main east-west thoroughfare, the center benefits from local and commuter traffic, serving as a central retail hub for the surrounding rural and foothill communities. Surrounded by schools, civic facilities, and residential neighborhoods, the location is ideal for retailers and service providers looking to capture foot traffic in one of the High Desert’s established unincorporated communities.
    Location Intelligence

    Current Use by Public Records

    J&D's T-Bird Bar & Pub Phelan Towne Square Grocery & Convenience Store Heritage Victor Valley ... Medical Clinic Pizza Factory Restaurant Michelle Marconnette DDS ... Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Phelan Village Shopping Center — phelan rd, phelan, ca 92371
    • Coinstar Kiosk | Bitcoin ATM — Stater Bros, 4059 Phelan Rd, Phelan, CA 92371

    Location Insight

    • Map
    • Local Demand
    City
    Phelan
    County
    San Bernardino
    State
    California
    Longitude
    -117.576
    Latitude
    34.4271

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    FAQs

    What type of property is this?
    Shopping center - Multi-tenant shopping center with spaces for lease in Phelan.
    Where is this shopping center located?
    The property is located at 3936 Phelan Rd Unit B16 -18 Phelan, CA.
    What is the lease rate?
    The lease rate is $1.25 SF/Yr.
    What are key features of this property?
    This property features: Prime location at a signalized intersection in Phelan's main commercial corridor.; High visibility and access on the area's main thoroughfare.; Serves as a key retail hub for surrounding communities, schools, and civic institutions.
    (760) 475-4669
    We can help!
    Listing Contact
    Paul A. Casilla
    Paul A. Casilla
    Real Estate License ID: CalDRE #01881506
    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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    3936 Phelan Rd Unit B16 -18, Phelan, CA 92371
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