New Industrial Building For
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9260 Mesa Linda St, Hesperia, CA
Under construction industrial building featuring 36' minimum clear height.
Property Size406,138 SF
Lot Size17.54 Acres
Price / SF$191.27
Days on Market270
Property Features for 9260 Mesa Linda St
General Information
Standard status
Active
Size
406,138 SF
Lot size
17.54 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Voit Real Estate Services
(909) 545-8020
Listed By:
Ryan Lal, SIOR · License #02086368
(909) 545-8020
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Jul 6
Last Checked: Aug 19 at 1:59PM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
This is a free-standing industrial building under construction, with the roof sealed and office tenant improvements underway. The property features a minimum clear height of 36 feet. It includes 54 dock-high doors and 2 grade-level doors, along with 57 trailer parking stalls. The building is equipped with an LED lighting system with motion sensors. The property has a size of 406138 square feet.
Key Highlights
- 36' Minimum Clear Height provides ample vertical storage space.
- 54 DH Doors & 2 GL Doors for efficient loading and unloading.
- 57 Trailer Parking Stalls offer ample space for logistics.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$3,993,805
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$79,876,100
$79.9M
Cap Rate 7%
$57,054,357
$57.1M
Cap Rate 9%
$44,375,611
$44.4M
Market Conditions
NOI Build-Up for 406,138 SF
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.
Gross rent
$5.07M $12.48/SF
− Vacancy
−$370.0K −$0.91/SF
EGI
$4.70M $11.57/SF
− OpEx
−$704.8K −$1.74/SF
NOI
$3.99M $9.83/SF
Area
Hesperia, CA
Vacancy
7.30%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$79,876,100
Cap Rate 7%
$57,054,357
Cap Rate 9%
$44,375,611
Alternative Uses
Best Use
Warehouse
$57.05M
$49.92M – $66.56M
NOI $3,993,805 @ 7.0% cap · market cap 5.14%
Second Best
Industrial
$46.99M
$41.11M – $54.82M
NOI $3,289,016 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$115.19M
$100.79M – $134.38M
NOI $8,062,976 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Under construction industrial building featuring 36' minimum clear height.
Where is this warehouse located?
The property is located at 9260 Mesa Linda St Hesperia, CA.
What is the asking price?
The asking price for this property is $77,680,000.
What are key features of this property?
This property features: 36' Minimum Clear Height provides ample vertical storage space.; 54 DH Doors & 2 GL Doors for efficient loading and unloading.; 57 Trailer Parking Stalls offer ample space for logistics.
