Route 66 Mixed-Use
15586 7th Street Victorville, CA 92395
15586 7th Street, Victorville, CA, 92395
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For Sale
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Four units in revitalizing Old Town Victorville, near I-15.
Property Size4,775 SF
Price / SF$125.65
Days on Market774
Property Features for 15586 7th Street
General Information
- Standard status
- Active
- Size
- 4,775 SF
- Property subtype
- Mixed Use
Listing Agency
Coldwell Banker Home Source Apple Valley
(323) 924-3805
Listed by
Kevin Chen · License #CA
Source
Crexi
Added: Jun 5, 2024 Checked: Jul 17 at 6:38 am
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 Home Source Apple Valley
Investment Insights
Based on property information with market context.
This mixed-use property is located on Route 66 in downtown Victorville. The property features two buildings comprising four units: 15586 7th St #100, 15586 7th St #200, 15584 7th St, and 16885 C St. One of the units is a fully functional dentist office. Situated on a corner lot, the property benefits from high traffic frontage along Historic Route 66/7th St. Its location near the D street exit to the 15 freeway provides access to California. The property is located in Victorville's Old Town Specific Plan area, which is intended to revitalize the Old Town district into a mixed-use focal point for the region over the next 20-30 years. The property size is 4775 square feet.
Key Highlights
- Located on Historic Route 66 in Downtown Victorville with high traffic frontage
- Consists of 2 buildings with 4 units, offering income potential
- Includes a fully functional dentist office
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.8k | $18.60 |
| − Vacancy | −$16.0k | −$3.35 |
| EGI | $72.8k | $15.25 |
| − OpEx | −$18.2k | −$3.81 |
| NOI | $54.6k | $11.44 |
4,775 SF · lease $18.60/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$780.3K
$682.8K – $910.4K
NOI $54,621 @ 7.0% cap · market cap 9.10%
Second Best
Healthcare Medical
$768.1K
$672.1K – $896.2K
NOI $53,770 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$1.01M
$885.1K – $1.18M
NOI $70,811 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
HOUSE OF WORSHIP MINISTRIES
Church
Victory Auto Brokers
Auto Repair Shop
Toys of Eden Foundation
Charitable Organization
Precision Orthotics & Prosthetics, ...
Orthotics & Prosthetics Service
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FAQs
What type of property is this?
Mixed-use property - Four units in revitalizing Old Town Victorville, near I-15.
Where is this mixed-use property located?
The property is located at 15586 7th Street Victorville, CA.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: Located on Historic Route 66 in Downtown Victorville with high traffic frontage; Consists of 2 buildings with 4 units, offering income potential; Includes a fully functional dentist office
