Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Town Center Dr Apple Valley, CA 92308

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Town Center Dr Apple Valley, CA 92308

    View on Map
    • Land
    For Sale
    $6,506,017
    View Listing →
    Apple Valley Commercial Land Investment For Sale
    $6,506,017

    Apple Valley Commercial Land Investment

    Prime Retail/Multi-Family Development Site

    0 Town Center Dr, Apple Valley, CA 92308
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Town Center Dr

    Property type
    Land

    Description

    This exceptional 908,661 square foot commercial land parcel in Apple Valley, CA, presents a remarkable investment opportunity. Located in the desirable 92308 zip code, this property boasts a prominent 1,500+ square foot frontage on Town Center Drive, offering unparalleled visibility and accessibility. Zoned C-R, it's ideally suited for a variety of developments, including retail, multi-family residential, office space, or a senior center. The site benefits from its strategic location just five miles east of the 15 Freeway, ensuring convenient access for residents and customers. Its adjacency to the thriving Jess Ranch Marketplace (Phases I & II) shopping centers and the substantial Jess Ranch Development (comprising 2,120 residences) provides immediate access to a large and established consumer base. Furthermore, the property sits directly across from Sun City Apple Valley, a 1,700-home community, further enhancing its desirability. The asking price is $6,506,017, translating to approximately $7.20 per square foot. The property's APN is 0399-271-42-00000. Financing options are available to qualified buyers. This is a rare chance to acquire a large, well-located parcel in a rapidly growing area of Southern California.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.244
    Latitude
    34.4659

    Comparable in this City

    • Value Estimation by Request
      0.59 Acres

      ±0.59 Acres Bear Vly Rd

      Land • 0.59 Acres
      0 ±0.59 Acres Bear Vly Rd, Apple Valley, CA 92308
      View Details
    • Value Estimation by Request

      00000 Bear Valley Rd

      Land
      00000 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • Value Estimation by Request
      52.79 Acres

      Del Oro Rd

      Land • 52.79 Acres
      0 Del Oro Rd, Apple Valley, CA 92308
      View Details
    • Value Estimation by Request
      35,000 SF

      22391 Bear Valley Rd

      Land • 35,000 SF
      22391 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • Value Estimation by Request
      5,900 SF

      22427 Bear Valley Rd

      Land • 5,900 SF
      22427 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • Value Estimation by Request
      99.47 Acres

      18 Hwy

      Land • 99.47 Acres
      18 Hwy, Apple Valley, CA 92308
      View Details

    Similar Nearby for Sale

    • $80,000
      846,506.00 Acres

      Apple Valley Land with Views

      19.43-acre lot in Apple Valley, ideal for development.
      13 Cyn Vw Rd, Apple Valley, CA 92308
      View Details
    • $62,000

      Apple Valley Land For Sale

      Corner lot near schools and shopping with seller financing.
      9683 Milpas Dr, Apple Valley, CA 92308
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Versatile Property on Fenced Lot

      Office space, storage, and ample parking on 10.71 acres.
      13519 John Glenn Rd, Apple Valley, CA 92308
      View Details
    • Contact for pricing

      Versatile Industrial Space Available

      Industrial space in Apple Valley available March 1, 2026.
      13630 Pawnee Rd, Apple Valley, CA 92308
      View Details
    • Contact for pricing

      Premium Office Space Available

      Nearly 3,000 sq. ft. office space in Apple Valley.
      19341 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • $0.75 SF/Yr

      Industrial Warehouse Unit For Rent

      Industrial warehouse unit in Apple Valley, versatile space.
      22275 Powhattan Rd, Apple Valley, CA 92308
      View Details
    • $0.75 SF/Yr
      10,000 SF

      Functional Industrial Space Available

      Functional industrial space available for lease at an affordable rate.
      22275 Powhattan Rd, Apple Valley, CA 92308
      View Details
    • Contact for pricing
      5,390 SF

      Retail Space in Apple Valley

      Retail units available in high-visibility Apple Valley location.
      20786 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Town Center Dr
    Apple Valley, CA 92308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!