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Property profile

0 2Nd Ave Victorville, CA 92395

OFF-MARKET
Mixed-use properties
208,259 SF 4.78 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use development opportunity encompasses two adjacent 4.78-acre parcels totaling 208,259 square feet in Victorville, CA (APN 3091-141-02 and 3091-161-01). The property is ideally situated near Interstate 15, offering easy access to all major transportation routes. One parcel (APN 3091-141-02) is approved for a 17-lot tract map, ready for immediate development, capitalizing on the current housing shortage in the area. The location boasts convenient access to a variety of amenities, including hospitals, parks, schools, shopping centers, and restaurants, enhancing the appeal for future residents. This development benefits significantly from the impending $1.5 billion BNSF project and over 20 million square feet of planned industrial development, which is projected to generate thousands of new jobs and further boost demand for housing in the region. This presents a unique opportunity to capitalize on the burgeoning job market and high demand for housing in this rapidly growing area. The asking price for this exceptional property is $1,399,000. The property is located at 0 2nd Avenue, Victorville, CA 92395.

Property profile

Verified
Property type Mixed-use properties
Total area 208,259 SF
Lot 4.78 ac (208,260 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2Nd Ave Victorville, CA 92395
Victorville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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