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

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    Property Details for 0 Hesperia Rd

    Property type
    Land

    Description

    This exceptional 138.51-acre commercial land parcel presents a significant investment opportunity in the rapidly expanding city of Hesperia, California. Located in San Bernardino County, at 0 Hesperia Rd., zip code 92345 (34.440989, -117.2978791), this expansive property offers unparalleled potential for diverse development projects. Its prime location provides convenient access to major highways, schools, and commercial centers, ensuring strong connectivity and accessibility. Hesperia's robust economic growth, fueled by new businesses and residential communities, contributes to the property's high potential for future appreciation. The large acreage allows for flexibility in development plans, accommodating residential, commercial, or mixed-use projects. The area is known for its family-friendly atmosphere, abundant parks, and recreational facilities, making it an attractive location for various development types. This substantial land holding represents a rare chance to capitalize on Hesperia's continued urban expansion and burgeoning market. The asking price for this remarkable property is $949,000. This is a truly unique opportunity for investors seeking substantial returns in a thriving California market.

    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
    -117.298
    Latitude
    34.441

    Comparable in this City

    • Value Estimation by Request

      Short St & Mariposa Rd

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      G Ave

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      0 G Ave, Hesperia, CA 92345
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      21.00 Acres

      Hesperia Rd

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      0 Hesperia Rd, Hesperia, CA 92345
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    • Value Estimation by Request

      Main St

      Land
      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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    • Value Estimation by Request
      114,562.00 Acres

      C Ave

      Land
      0 C Ave, Hesperia, CA 92345
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,186 SF

      Land Available For Ground Lease

      Land available for ground lease or build to suit.
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      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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      High Visibility Corner Acreage

      One acre commercial land with high traffic volume.
      HESPERIA CA 92345 Main St, Hesperia, CA 92345
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    • Contact for pricing
      217,800 SF

      Hesperia Industrial Land For Lease

      Over 5 acres of general industrial land in Hesperia.
      10399 C Ave, 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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