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    15483 7Th St Victorville, CA 92395

    Sponsored
    For Sale
    $650,000

    10,000 SF Multi-Tenant Commercial Building

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,000-square-foot, two-story commercial building presents a compelling investment opportunity in Victorville, California. Situated on a 7,100-square-foot lot (APN 0478-105-17), this flex space property is located at 15483 Seventh St, 92395, within the Old Town Specific Plan's Mixed-Use Retail District. The building's zoning allows for a blend of commercial and residential uses, with retail required on the ground floor facing 7th and D Streets. Office and/or residential uses are permitted above or behind the ground floor, fostering a mixed-use development. Currently, the building generates $30,000 in annual gross income from three ground-floor and one second-floor tenants, all on month-to-month leases. The second floor offers significant upside potential, with the possibility of conversion into four individual residential units. The property's location within the Old Town Specific Plan encourages specialty retail uses that complement the area's historic Route 66 heritage. The asking price is $650,000, representing a price per square foot of $65. This property offers a unique blend of existing income and substantial future development potential, making it an attractive addition to any investment portfolio. The property is zoned for mixed-use development, allowing for a variety of uses to maximize income potential.

    Property Features for 15483 7Th St

    General Information

    Property type
    Flex space
    Square Feet
    10,000 SF

    Building Details

    Stories
    2

    HighLights

    • 10,000 SF two‑story commercial building on a 7,100 SF lot in Victorville, CA (APN 0478‑105‑17).
    • Located at 15483 Seventh St, 92395, in Old Town's Mixed‑Use Retail District.
    • Mixed‑use zoning (retail ground floor, office/residential above).
    • $30,000 annual gross income from four month‑to‑month tenants.
    • Second floor offers potential for conversion into four residential units.
    • Asking price: $650,000 ($65/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Mavis Personal Injury Attorney NO OTHER Thrift Clothing Store Elite Boxing Fitness Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.295531
    Latitude
    34.533503

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    FAQs

    What type of property is this?
    Flex space - 10,000 SF Multi-Tenant Commercial Building
    Where is this flex space located?
    The property is located at 15483 7Th St Victorville, CA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 10,000 SF two-story commercial building on a 7,100 SF lot in Victorville, CA (APN 0478-105-17).; Located at 15483 Seventh St, 92395, in Old Town's Mixed-Use Retail District.; Mixed-use zoning (retail ground floor, office/residential above).
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    15483 7Th St Victorville, CA 92395
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    Victorville, CA 92395
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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
    15483 7Th St Victorville, CA 92395
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