Refurbished Office Building in
For Sale
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14318 California Avenue, Victorville, CA 92392
Modern, 12,600+ sq ft office building near civic center.
Property Size12,662 SF
Price / SF$155.98
Days on Market962
Property Features for 14318 California Avenue
General Information
Standard status
Active
Size
12,662 SF
Property subtype
Office
Listing Agency:
Coldwell Banker Commercial Real Estate Solutions
Listed By:
Nick DiCosola · License #0121358
Source:
Crexi
Added: Mar 2, 2024
Changed: Oct 4
Last Checked: Oct 19 at 7:12AM
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
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Investment Insights
Based on property information with market context.
Located at 14318 California Avenue in Victorville, California, this office building spans over 12,600 square feet. The space has been refurbished to offer a blend of functionality and style. Its location is near the civic center.
Key Highlights
- Newly refurbished office building (12,600 sq ft)
- Prime location near the civic center
- Modern and sophisticated design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,841
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,896,820
$2.9M
Cap Rate 7%
$2,069,157
$2.1M
Cap Rate 9%
$1,609,344
$1.6M
Market Conditions
NOI Build-Up for 12,662 SF
Gross rent
$235.5K $18.60/SF
− Vacancy
−$42.4K −$3.35/SF
EGI
$193.1K $15.25/SF
− OpEx
−$48.3K −$3.81/SF
NOI
$144.8K $11.44/SF
Area
Victorville, CA
Vacancy
18.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,896,820
Cap Rate 7%
$2,069,157
Cap Rate 9%
$1,609,344
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,841 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,772 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,460
Businesses Nearby
Explore this area
Business Placement
Demographics for 92392, CA
62,294
Population
18,077
Households
3.4
Avg Household Size
32
Median Age
13%
College-Educated
79%
High-School Grad
37.3 sq mi
ZIP Area
1,670
Density / Sq Mi
$81,652
Median Household Income
$36,726
Median Earnings
$1,790
Median Rent
$365,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Modern, 12,600+ sq ft office building near civic center.
Where is this office building located?
The property is located at 14318 California Avenue Victorville, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Newly refurbished office building (12,600 sq ft); Prime location near the civic center; Modern and sophisticated design
