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    Hesperia Rd Hesperia, CA 92345
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    Hesperia Rd, Hesperia, CA 92345

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    • Land
    • 21.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hesperia Rd

    Lot size
    21.00 lot acres
    Property type
    Land

    Description

    This exceptional 21-acre commercial land parcel in Hesperia, California, presents a unique investment opportunity. Located on Hesperia Road, the property boasts convenient access to Bear Valley Road and is surrounded by numerous shopping centers and restaurants, ensuring high visibility and potential for strong tenant demand. The property is zoned NC (Neighborhood Commercial), allowing for a wide range of commercial development options. The expansive lot size provides ample space for various projects, from retail centers to office buildings. The asking price is $1,100,000. The property's APN numbers are 0414-211-36, 53, 57, 58, 66 & 70. Situated in San Bernardino County, with a Hesperia, CA 92345 zip code, this location offers excellent accessibility and proximity to a thriving community. This is an ideal opportunity for developers and investors seeking a strategically located commercial land parcel with significant development potential in a high-growth area. The property's prime location and zoning make it an attractive investment for those looking to capitalize on the area's commercial growth.

    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
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.291
    Latitude
    34.3627

    Comparable in this City

    • Value Estimation by Request

      Hesperia Rd

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      0 Hesperia Rd, Hesperia, CA 92345
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      Short St & Mariposa Rd

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      G Ave

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      Main St

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      0 Main St, Hesperia, CA 92345
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      2.60 Acres

      Of Santa Fe Ave

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      0 Of Santa Fe Ave, Hesperia, CA 92345
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      114,562.00 Acres

      C Ave

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      0 C Ave, Hesperia, CA 92345
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    Similar Nearby for Lease

    • Contact for pricing
      40,186 SF

      Land Available For Ground Lease

      Land available for ground lease or build to suit.
      SW Of Apple Vly Rd And Bear Vly Rd, Hesperia, CA 92345
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    • Contact for pricing

      Retail Space on Main Street

      Retail space available on Hesperia's Main Street retail corridor.
      14101 Main St, Hesperia, CA 92345
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      2,500 SF

      Prime Location on Main Street

      High-traffic location near freeway and shopping center.
      12684 Main St, Hesperia, CA 92345
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    • Contact for pricing

      High Visibility Corner Acreage

      One acre commercial land with high traffic volume.
      HESPERIA CA 92345 Main St, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Industrial Land for Lease

      Industrial land with utilities, ideal for outside storage.
      17316 Mesa St, Hesperia, CA 92345
      View Details
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    Hesperia, CA 92345
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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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    Hesperia Rd, Hesperia, CA, 92345
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