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    Property profile & analytics

    Hook Blvd Victorville, CA 92394

    • Retail properties
    • 25,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Hook Blvd

    Year built
    2022
    Property size
    25,000 SF
    Property type
    Retail properties
    Property subtype
    Medical space

    Description

    This exceptional 25,000-square-foot retail property, built in 2022, is situated on a 0.25 to 3.23-acre lot at the prominent intersection of Hook Boulevard and Amargosa Road in Victorville, CA 92394. The entire space is currently vacant and offers flexible lease options ranging from 2,300 to 35,000 contiguous square feet, making it ideal for a variety of uses, including medical, drive-thru restaurants, gas stations, and fast-food establishments. The property boasts 155 parking spaces and is zoned C-2T, ensuring ample parking and operational flexibility. Its prime location benefits from exceptional visibility and accessibility, with a high daily traffic count on both Hook Boulevard (29,489 CPD) and Amargosa Road (15,877 CPD). The property is surrounded by a thriving retail environment, including well-established businesses such as WinCo Foods, Walgreens, Home Depot, Stater Bros, Carl's Jr., Dutch Bros, Starbucks, and In-N-Out Burger, ensuring high foot traffic and customer exposure. This is a rare opportunity to secure a substantial retail space in a high-demand location with excellent visibility and strong surrounding demographics. The property's APN is 3106-181-06-0-000. Contact us today to learn more about this outstanding leasing opportunity.

    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
    -117.331
    Latitude
    34.5215

    Comparable in this City

    • Value Estimation
      $1,330,000
      11,807 SF

      15002 Amargosa Rd

      MEDICAL BUILDING • 11,807 SF
      15002 Amargosa Rd, Victorville, CA 92394-1868
      View Details
    • Value Estimation by Request
      1,600 SF

      Seq Mojave & I-15

      Lifestyle centers • 1,600 SF
      0 Seq Mojave & I-15, Victorville, CA 92394
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    • Value Estimation by Request

      15700 Vlg Dr

      FINANCIAL BUILDING
      15700 Vlg Dr, Victorville, CA 92394-1704
      View Details
    • Value Estimation by Request
      2,652 SF

      15745 Mojave Dr

      CONVENIENCE STORE • 2,652 SF
      15745 Mojave Dr, Victorville, CA 92394-1929
      View Details
    • Value Estimation by Request

      15544 Vlg Dr

      FINANCIAL BUILDING
      15544 Vlg Dr, Victorville, CA 92394-1734
      View Details
    • Value Estimation
      $1,345,000
      8,960 SF

      15207 Hook Blvd

      SHOPPING CENTER, STRIP CENTER • 8,960 SF
      15207 Hook Blvd, Victorville, CA 92394-2151
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Amargosa Road Commercial Property

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      Industrial Property in Victorville

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    Similar Nearby for Lease

    • $2 SF/Yr
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      Retail Space in Victorville

      Retail space available for lease in Victorville, California.
      15617 Roy Rogers Dr, Victorville, CA 92394
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      1,600 SF

      Victorville Retail Space For Lease

      High-traffic location, 1600 sq ft.
      0 Seq Mojave & I-15, Victorville, CA 92394
      View Details
    • $2 SF/Yr
      11,100 SF

      High-Traffic Retail Spaces Available

      Retail spaces in a premier Victorville power center.
      15667 Roy Rogers Dr - Desert Sky Plz, Victorville, CA 92394
      View Details
    • $1,050 /Mo
      13,904 SF

      Remodeled Office Space Available

      Recently remodeled office space in well-located Mojave Center.
      15770 Mojave Dr, Victorville, CA 92394
      View Details
    • $1.20 SF/Yr
      17,272 SF

      Former Rite Aid Retail Pad

      Retail pad available, previously occupied by Rite Aid.
      14515 Mojave Dr, Victorville, CA 92394
      View Details
    • $2 SF/Yr
      11,100 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
      View Details
    Request Owner's contact information
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    Hook Blvd
    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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