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Freestanding Commercial Building on Bear Valley

15255 Bear Valley Rd Hesperia, CA 92345

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Freestanding commercial building with Bear Valley Road frontage.

Type:Land
Property size:
9,135 SF
Lot size:
0.67 Acres
Price / SF:
$287/SF
Added:
Feb 23, 2024
Days on Market:
870
Last Refresh:
May 12 at 8:30 pm

Property Features for 15255 Bear Valley Rd

General Information

Standard status
Active
Size
9,135 SF
Lot size
0.67 Acres
Property subtype
Land

Listing office Kursch Group

Listing date Feb 23, 2024

Source Crexi

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 Kursch Group


Investment Insights

Based on property information with market context.

This freestanding commercial building offers approximately 9,135 square feet of space on a land area of approximately 29,093 square feet. The property is currently leased to CalTrans, with a lease expiring on September 30, 2025, and generating an annual gross income of $161,486. Previously configured as three separate units, the property includes a secure yard area and a small warehouse portion at the rear of the building, accessible via a roll-up door. The property is located on Bear Valley Road.

Key Highlights

  • Prime Bear Valley Road Frontage
  • Leased to CalTrans with long‑term tenancy
  • Generates $161,486 annual gross income

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 $197.3k $21.60
− Vacancy −$15.8k −$1.73
EGI $181.5k $19.87
− OpEx −$45.4k −$4.97
NOI $136.1k $14.90
9,135 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.94M
$1.70M – $2.27M (±1% cap)
NOI $136,148 @ 7.0% cap · market cap 5.18%
Second Best
Warehouse
$1.28M
$1.12M – $1.50M (±1% cap)
NOI $89,830 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M (±1% cap)
NOI $181,355 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Law Firm HVAC Service Storage Facility Electrical Service Building Supply Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Parking Lot & Garage Garden Center

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

FAQs

What type of property is this?
Office building - Freestanding commercial building with Bear Valley Road frontage.
Where is this office building located?
The property is located at 15255 Bear Valley Rd Hesperia, CA.
What is the asking price?
The asking price for this property is $2,626,000.
What are key features of this property?
This property features: Prime Bear Valley Road Frontage; Leased to CalTrans with long‑term tenancy; Generates $161,486 annual gross income
Contact an agent
(760) 983-2383 Call to check price and availability
More about this property
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