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    17993 Us Highway 18 Apple Valley, CA 92307
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    17993 Us Highway 18, Apple Valley, CA 92307

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    • Office Spaces
    • 13,622 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 17993 Us Highway 18

    Year built
    1953
    Property type
    Office Spaces

    Description

    This exceptional investment opportunity presents a multi-tenant office building totaling 13,622 square feet, situated at 17993 US Hwy 18 in Apple Valley, CA 92307. The two-story Class D building, constructed in 1953, offers a range of suite sizes, with a minimum divisible space of 195 square feet and a maximum contiguous space of 1,026 square feet. Currently, 2,516 square feet are vacant, presenting immediate leasing potential. The property boasts a desirable location along busy Highway 18, near Apple Valley Road, ensuring high visibility and accessibility. The building is part of the Knolls Center, surrounded by a diverse mix of established businesses, including a barber shop, cell phone repair, aquarium store, hair salon, real estate office, tax office, insurance office, liquor store, nail salon, and healing center. Individual suites are available for lease, offering various configurations to suit different business needs. One upstairs executive office suite (approximately 195 sq ft) is available for $450 per month. Another upstairs unit features a waiting area, executive office, and a bullpen area. This property is an ideal choice for businesses seeking a well-located, established office space in a thriving commercial center within San Bernardino County. The building's existing tenant mix provides a strong foundation for future growth and stability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.153
    Latitude
    34.499

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Apple Valley, CA 92307

      OFFICE (GENERAL)
      Apple Valley, CA 92307
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    • Value Estimation
      $1,020,000
      6,534 SF

      18343 Us Hwy 18

      OFFICE (GENERAL)
      18343 Us Hwy 18, Apple Valley, CA 92307-2242
      View Details
    • Value Estimation
      $1,835,000
      12,540 SF

      21845 Us Hwy 18

      OFFICE (GENERAL)
      21845 Us Hwy 18, Apple Valley, CA 92307-3968
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    • Value Estimation by Request
      5,400 SF

      18930 Ca-18

      Lifestyle centers
      18930 Ca-18, Apple Valley, CA 92307
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    • Value Estimation
      $745,000
      6,822 SF

      19167 Us Hwy 18

      OFFICE (GENERAL)
      19167 Us Hwy 18, Apple Valley, CA 92307-2534
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    • Value Estimation
      $500,000
      3,750 SF

      22633 Us Hwy 18

      OFFICE (GENERAL)
      22633 Us Hwy 18, Apple Valley, CA 92307-4371
      View Details

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      Retail/Office Space Available

      Versatile 1,158 SF unit suitable for retail or office.
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    Apple Valley, CA 92307
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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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