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    12380 Hesperia Rd Victorville, CA 92395
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    12380 Hesperia Rd Victorville, CA 92395

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    • Retail properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SG Homecare / Production Facility
    • Alan E Gorenberg MD Inc / Physician / Medical Clinic
    • Orthopedic Center Institute / Physician
    • OnTrac Drop Box / Logistics Company / Freight Service
    • JOSHUA A. BROAD / Physician

    Property Details for 12380 Hesperia Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Wimbledon Village, located at 12380 Hesperia Rd in Victorville, CA 92395, offers a prime office opportunity within San Bernardino County. This retail and office property boasts a significant 36.83-acre lot and features a traditional office space totaling 1,728 square feet currently available for lease. The building is situated in Victorville's key Medical and Financial district, providing excellent visibility and brand recognition. The property benefits from ample parking, with a generous ratio of 4 spaces per 1,000 square feet, ensuring convenient access for tenants and their clients. Its strategic location is adjacent to Desert Valley Hospital and the bustling Bear Valley Retail Corridor, creating a high-traffic environment and strong potential for client interaction. The property also features a prominent pylon sign, enhancing visibility and attracting potential customers. The space is suitable for various office uses, including traditional office, executive office, and medical office settings, and benefits from strong medical co-tenancy. This presents a unique opportunity to establish a presence in a thriving commercial area with excellent accessibility and visibility. The property is multi-tenant.

    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
    -117.292
    Latitude
    34.4752

    Comparable in this City

    • Value Estimation by Request
      211,190 SF

      2Nd Ave

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    • Value Estimation by Request
      15,005 SF

      16519 Victor St

      Office Units • 15,005 SF
      16519 Victor St, Victorville, CA 92395
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    • Value Estimation by Request
      6,503 SF

      15048 7Th St

      Office Spaces • 6,503 SF
      15048 7Th St, Victorville, CA 92395
      View Details
    • Value Estimation
      $1,290,000
      8,000 SF

      12740 Hesperia Rd

      MEDICAL BUILDING • 8,000 SF
      12740 Hesperia Rd, Victorville, CA 92395-8306
      View Details
    • Value Estimation
      $935,000
      6,216 SF

      12565 Hesperia Rd

      DENTAL BUILDING • 6,216 SF
      12565 Hesperia Rd, Victorville, CA 92395-8318
      View Details
    • Value Estimation
      $3,085,000
      29,120 SF

      12550 Hesperia Rd

      MEDICAL BUILDING • 29,120 SF
      12550 Hesperia Rd, Victorville, CA 92395-5873
      View Details

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    Victorville, CA 92395
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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.

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