Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12138 Industrial Blvd Victorville, CA 92395

    • Office Properties & Spaces
    • 21,032 SF
    • 1.23 lot acres
    For Lease
    View listing
    Last Sale
    Feb 23, 2021
    $3,300,000
    Value Estimations
    $3,690,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0980271
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Farmers Insurance - Julie Peters / Insurance Agency
    • Andres Gavino De La Llana / Physician
    • Victor Randolph / Real Estate Agency
    • Walter Clark Legal Group / Law Firm
    • Victorville CBOC / Hospital

    Property Details for 12138 Industrial Blvd

    Year built
    1988
    Construction
    WOOD FRAME
    Lot size
    1.23 lot acres
    Property size
    21,032 SF
    Property type
    Office Properties & Spaces
    APN
    3091-271-05-0000
    APU
    3091271050000

    Description

    This exceptional 3,108 square foot office space, located on the second floor of a two-story building in San Bernardino County, offers a prime opportunity for businesses seeking a well-maintained and updated workspace. The property is part of a multi-tenant building that has recently undergone exterior and common area interior refurbishment, ensuring a modern and professional environment. The office itself features multiple private offices, providing flexibility for various team configurations and individual needs. A shared restroom is conveniently located on the second floor. The building is equipped with an elevator for easy access to the second-floor suite and is zoned for Commercial Manufacturing. High visibility from the street ensures excellent exposure for your business. Ample parking is available for employees and clients, adding to the convenience and appeal of this location. The property's well-maintained exterior and updated common areas contribute to a positive and productive work environment. This space is ideal for a company seeking a move-in ready office with a professional image and convenient amenities. The single suite encompasses the entire second floor, offering privacy and control. The Commercial Manufacturing zoning provides versatility for a range of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,865,000
      ML approach
      $4,005,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,350,000
      6.5%
      $3,090,000
      7%
      $2,870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,434,000
      Market price range: $3.20M - $5.20M
      AI Estimate
      $3,842,000
      Market price range: $1.49M - $5.20M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,550,000
      Current use
      MEDICAL BUILDING
      $6,085,000
      Change: +72% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $5,660,000
      Change: +60% Conversion: Difficult
      RETAIL STORES
      $4,675,000
      Change: +32% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $4,485,000
      Change: +26% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.283
    Latitude
    34.4717
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $41,277
    $530,604
    $2,971,382
    $3,501,986
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      17189 Yuma St

      Office Properties & Spaces • 10,000 SF
      17189 Yuma St, Victorville, CA 92395
      View Details
    • Value Estimation by Request
      33,204 SF

      16519 St Unit 325

      Office Properties & Spaces • 33,204 SF
      16519 St Unit 325, Victorville, CA 92395
      View Details
    • Value Estimation
      $2,020,000
      15,000 SF

      17310 Bear Vly Rd

      OFFICE (GENERAL) • 15,000 SF
      17310 Bear Vly Rd, Victorville, CA 92395-7773
      View Details
    • Value Estimation
      $2,920,000
      13,895 SF

      12998 Hesperia Rd

      OFFICE (GENERAL) • 13,895 SF
      12998 Hesperia Rd, Victorville, CA 92395-8316
      View Details
    • Value Estimation
      $610,000
      3,762 SF

      16857 C St

      OFFICE (GENERAL) • 3,762 SF
      16857 C St, Victorville, CA 92395-3220
      View Details
    • Value Estimation
      $550,000
      4,960 SF

      15075 7th St

      OFFICE (GENERAL) • 4,960 SF
      15075 7th St, Victorville, CA 92395-3810
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,204 SF

      Victorville Office Space: Prime Location

      Spacious office suite, ideal for business.
      16519 St Unit 325, Victorville, CA 92395
      View Details
    • Contact for pricing
      33,204 SF

      Victorville Office Space: Prime Location

      Efficient Office Suite, 1,092 SF, Victorville
      16519 St Unit 302, Victorville, CA 92395
      View Details
    • $450,000

      Freestanding Commercial Building in Victorville

      3,864 SF building on 23,000 SF lot in Old Town.
      14746 7Th St, Victorville, CA 92395
      View Details
    • $750,000

      Versatile Commercial Property in Victorville

      Commercial property suitable for various uses, high visibility location.
      14923 7Th St, Victorville, CA 92395
      View Details
    • $1,290,000

      Professional Office Building For Sale

      Two-story office building with eight suites and convenient freeway access.
      14240 St Andrews Dr, Victorville, CA 92395
      View Details
    • $1,350,000
      8,550 SF

      Victorville Commercial Office Buildings For Sale

      Two freestanding office buildings in prime Victorville location.
      16044 Bear Valley Rd, Victorville, CA 92395
      View Details

    Similar Nearby for Lease

    • $0.50 SF/Yr
      17,179 SF

      Office Space Near Freeway Access

      Office property with immediate access to the 15 Freeway.
      16071 Mojave Dr | Victorville, Victorville, CA 92395
      View Details
    • $0.50 SF/Yr
      27,342 SF

      Office Space Near Freeway

      Office property with immediate access to the 15 Freeway.
      16071 Mojave Dr | Victorville, Victorville, CA 92395
      View Details
    • Contact for pricing
      3,108 SF

      Industrial Boulevard Office Space

      San Bernardino Office: 3,108 sq ft
      12138 Industrial Blvd, Victorville, CA 92395
      View Details
    • Contact for pricing
      211,190 SF

      Victorville Commercial Multi-Use Property

      Prime Victorville location, large spaces available.
      0 2Nd Ave, Victorville, CA 92395
      View Details
    • $1,100 /Mo
      46,332 SF

      Victorville Professional Office Space Available

      Professional office space with ample parking and high visibility.
      16519 Victor St, 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.
    12138 Industrial Blvd
    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

    Google sign-in failed. Please try again or use another login method.