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    12012 Air Expy Adelanto, CA 92301

    Sponsored
    For Sale
    $600,000

    5-Unit Strip Center, High Occupancy, Great Potential

    Property size:
    3,991 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied, five-unit retail strip center totaling 3,991 square feet, situated on a 0.67-acre lot at 12012-12020 Air Expressway, Adelanto, CA 92301. The property boasts a strong 100% occupancy rate with five tenants generating a Net Operating Income (NOI) of $33,660, resulting in a compelling 5.61% capitalization rate. The asking price is $600,000, translating to $150.34 per square foot. Built in 1972, this single-story property features four buildings and 25 parking spaces. The current lease type is gross, with a multi-tenancy structure. Below-market rents offer significant potential for future increases and property value appreciation. The property benefits from its strategic location near the Southern California Logistics Airport, ensuring high visibility and substantial traffic volume—over 12,000 cars daily pass the corner lot. The "BP" (Business Park) zoning allows for a diverse range of commercial and industrial uses, including flex space, presenting further redevelopment opportunities. This property is ideal for investors seeking a stable, income-generating asset with considerable growth potential. The property includes four separate land parcels, one 0.52-acre corner lot and three additional parcels totaling 2.25 acres, located behind the strip mall, which are available for separate purchase. The property's APN is 0459-241-27-0000. Detailed information on individual parcel pricing is available upon request.

    Property Features for 12012 Air Expy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    3,991 SF
    Lot Size
    29,185 SF

    Building Details

    Year Built
    1972
    Buildings
    4
    Stories
    1
    Units
    5

    HighLights

    • Corner lot with high visibility.
    • Fully occupied five‑unit strip center totaling 3,991 square feet.
    • High traffic count exceeding 12,000 cars daily.
    • Potential for industrial redevelopment.
    • BP (Business Park) zoning allows for flexibility.
    • Strong cash flow with redevelopment upside.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Adelanto
    County
    San Bernardino
    State
    California
    Longitude
    -117.4023256
    Latitude
    34.572272

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    FAQs

    What type of property is this?
    Lifestyle center - 5-Unit Strip Center, High Occupancy, Great Potential
    Where is this lifestyle center located?
    The property is located at 12012 Air Expy Adelanto, CA.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Corner lot with high visibility.; Fully occupied five-unit strip center totaling 3,991 square feet.; High traffic count exceeding 12,000 cars daily.
    Request Owner's contact information
    12012 Air Expy Adelanto, CA 92301
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    Adelanto, CA 92301
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    Realmo Value Estimation

    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.

    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.

    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
    12012 Air Expy Adelanto, CA 92301
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