Commercial Land with Existing
New
For Sale
$400,000
9494 7th, Hesperia, CA 92345
An appliance repair and sales business occupies the main building, with the tenant covering utility costs.
Property Size1,750 SF
Days on Market2
Property Features for 9494 7th
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Commercial
Building Details
Building Size
1,750 SF
Year Built
1965
Units
1
Listing Agency:
REALICORE
Listed By:
David Friedman · License #01909018
(909) 810-2108
Source:
Elliman
Added: Oct 23
Last Checked: Oct 23 at 4:55PM
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 REALICORE
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Investment Insights
Based on property information with market context.
This 1.16-acre commercial land property includes a 1,750-square-foot main building and an additional ~400-square-foot garage. An appliance repair and sales business currently occupies the main building and pays the utilities. The property was built in 1965. A small storage building has a new roof, and the main building has received a roof coating.
The site includes two additional lots and sits on a corner. Existing improvements provide current occupancy alongside the land component.
The site includes two additional lots and sits on a corner. Existing improvements provide current occupancy alongside the land component.
Key Highlights
- 1.16 acres across three lots at a corner
- 1,750‑square‑foot main building and ~400 sq. ft. garage
- Occupied by an appliance repair and sales business; tenant pays all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,617
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,340
$332.3K
Cap Rate 7%
$237,386
$237.4K
Cap Rate 9%
$184,633
$184.6K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$25.2K $14.40/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$23.7K $13.56/SF
− OpEx
−$7.1K −$4.07/SF
NOI
$16.6K $9.50/SF
Area
Hesperia, CA
Vacancy
5.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,340
Cap Rate 7%
$237,386
Cap Rate 9%
$184,633
Alternative Uses
Best Use
Retail
$237.4K
$207.7K – $277.0K
NOI $16,617 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.3K
$434.3K – $579.0K
NOI $34,742 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
178k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Groceries 34%
Dining 19%
Beauty & Spa 1%
Cardenas Market
Groceries
32,423 visits/mo
0.5 miles
Stater Bros. Markets
Groceries
27,667 visits/mo
0.2 miles
dd's DISCOUNTS
Shops & Services
18,897 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,548 visits/mo
0.2 miles
Fastrip
Shops & Services
14,890 visits/mo
0.2 miles
Demographics for 92345, CA
86,499
Population
27,247
Households
3.2
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
98.9 sq mi
ZIP Area
875
Density / Sq Mi
$65,949
Median Household Income
$37,235
Median Earnings
$1,499
Median Rent
$359,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Commercial land - An appliance repair and sales business occupies the main building, with the tenant covering utility costs.
Where is this commercial land located?
The property is located at 9494 7th Hesperia, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1.16 acres across three lots at a corner; 1,750‑square‑foot main building and ~400 sq. ft. garage; Occupied by an appliance repair and sales business; tenant pays all utilities
