Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2Nd Ave Victorville, CA 92395
    Back to Search
    Property profile & analytics

    2Nd Ave Victorville, CA 92395

    View on Map
    • Lifestyle centers
    • 211,190 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 2Nd Ave

    Property size
    211,190 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional multi-use property in Victorville, California, presents a significant investment opportunity. Located at the Northwest corner of Bear Valley Road and 2nd Avenue, zip code 92395, this expansive 36-acre site boasts a total building area of 211,190 square feet. The property is currently entirely vacant, offering unparalleled flexibility for a wide range of commercial ventures. The diverse property type includes retail, office, and land components, suitable for various uses including executive office space, medical offices, residential, commercial, apartments, mixed-use developments, and shopping centers. Multiple tenancies are possible, with spaces ranging from a minimum of 3,280 square feet to a maximum contiguous area of 98,460 square feet. Twelve individual spaces are currently available. This substantial property is situated in San Bernardino County and offers an unparalleled chance to establish a thriving business or develop a large-scale project in a high-growth area. The property's size and versatility make it ideal for a variety of uses, catering to both individual businesses and larger-scale developments. The strategic location at a major intersection ensures high visibility and accessibility. This is a rare opportunity to acquire a significant commercial property in a rapidly developing area of Southern California.

    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
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.298
    Latitude
    34.471

    Comparable in this City

    • Value Estimation by Request
      24,780 SF

      Atstar St

      Lifestyle centers • 24,780 SF
      0 Atstar St, Victorville, CA 92395
      View Details
    • Value Estimation by Request
      86,628 SF

      14444 Atstar St

      Lifestyle centers • 86,628 SF
      14444 Atstar St, Victorville, CA 92395
      View Details
    • Value Estimation by Request

      12380 Hesperia Rd

      Medical Office Space
      12380 Hesperia Rd, Victorville, CA 92395
      View Details
    • Value Estimation by Request
      24,361 SF

      17100 Bear Valley Rd

      Neighborhood centers • 24,361 SF
      17100 Bear Valley Rd, Victorville, CA 92395
      View Details
    • Value Estimation by Request
      15,005 SF

      16519 Victor St

      Office Units • 15,005 SF
      16519 Victor St, Victorville, CA 92395
      View Details
    • Value Estimation by Request
      7,265 SF

      14643 7Th St

      Mixed-use properties • 7,265 SF
      14643 7Th St, Victorville, CA 92395
      View Details

    Similar Nearby for Sale

    • $4,500,000
      Pending

      Mixed-Use Buildings For Sale

      Multi-tenant mixed-use buildings totaling 27,500 SF on 2.06 acres.
      12241 Industrial Blvd, Victorville, CA 92395
      View Details
    • Contact for pricing
      4,775 SF

      Route 66 Mixed-Use Investment

      Four units in revitalizing Old Town Victorville, near I-15.
      15586 7Th St, Victorville, CA 92395
      View Details
    • Contact for pricing
      10,000 SF

      Mixed-Use Building in Old Town

      Two-story commercial building with mixed-use potential in historic district.
      15483 7Th St, Victorville, CA 92395
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Victorville, CA.
      2Nd Ave, Victorville, CA 92395
      View Details
    • Contact for pricing
      1,050 SF

      Medical Building Near Global Hospital

      Divisible medical building near V.V. Global Hospital with ample parking.
      15366 11Th St, Victorville, CA 92395
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2Nd Ave
    Victorville, CA 92395
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2Nd Ave, Victorville, CA, 92395
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!