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    Seq Mojave & I-15 Victorville, CA 92394
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    Property profile & analytics

    Seq Mojave & I-15, Victorville, CA 92394

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    • Lifestyle centers
    • 1,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Seq Mojave & I-15

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 1,600 square foot retail space is ideally situated in Victorville, California, at the intersection of Mojave Drive and I-15, offering unparalleled visibility and accessibility. The property is a single-tenant building, providing a blank canvas for a wide range of retail businesses. The entire 1,600 square feet is currently vacant, presenting a unique opportunity for immediate occupancy. Located in San Bernardino County, this prime location benefits from high traffic counts due to its proximity to the I-15 freeway, ensuring significant exposure to potential customers. The property's address is conveniently located in Victorville, CA, zip code 92394, making it easily accessible for both employees and customers. This retail space is classified as a commercial shopping center, providing ample opportunity for a variety of retail uses. The property is ready for immediate lease and offers a fantastic chance to establish a thriving business in a high-demand area. The building's size and location make it suitable for a variety of retail concepts. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers. The property is categorized as a single-tenant retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.352
    Latitude
    34.5286

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    Similar Nearby for Sale

    • Contact for pricing
      3,480 SF

      High-Traffic Retail Center For Sale

      Premier shopping center with national brands and high visibility.
      15617-15683 Roy Rogers Dr Desert Sky Plz, Victorville, CA 92394
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    • $120,000
      41,679.00 Acres

      Victorville Land/Lot Near Challenger School

      Land in Victorville near Challenger School, utilities available.
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      Commercial Land Near Freeway Access

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    • $390,000
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      Commercial Land in Victorville, CA

      Vacant commercial land available in Victorville, California.
      Mojave Dr, Victorville, CA 92394
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    Similar Nearby for Lease

    • $2 SF/Yr
      3,480 SF

      High-Traffic Retail Spaces Available

      Retail spaces in a premier Victorville power center.
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    • Contact for pricing

      Retail Space in Desert Sky Plaza

      Retail spaces available in a busy Victorville shopping center.
      15617-15683 Roy Rogers Dr, Victorville, CA 92394
      View Details
    • $2 SF/Yr
      920 SF

      High-Traffic Retail Spaces Available

      Retail spaces in a premier Victorville power center.
      15617 Roy Rogers Dr - Desert Sky Plz, Victorville, CA 92394
      View Details
    • $2 SF/Yr
      3,480 SF

      High-Traffic Retail Spaces Available

      Retail spaces available in a high-traffic Victorville shopping center.
      15667 Roy Rogers Dr - Desert Sky Plz, Victorville, CA 92394
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    • $2 SF/Yr
      3,480 SF

      High-Traffic Retail Spaces Available

      Retail spaces available in a high-traffic Victorville shopping center.
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      View Details
    • $1,050 /Mo

      Remodeled Office Space Available

      Recently remodeled office space in well-located Mojave Center.
      15770 Mojave Dr, Victorville, CA 92394
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    Request Owner's contact information
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    Seq Mojave & I-15
    Victorville, CA 92394
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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