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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12165 Kiowa Rd Apple Valley, CA 92308-4208

    • Strip malls
    • 8,595 SF
    • 0.90 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2020
    $921,500
    Value Estimations
    $1,390,000
    Show details
    Cap Rate Potential
    6%
    Strip malls
    Location Intelligence
    Property ID
    US10-1456991
    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

    • Dental Studio / Dental Laboratory
    • Faith Ministries International Network of Churches Inc / Church
    • Kiowa Market / Liquor Store
    • Concha Bakery / Bakery
    • Marisela Salon / Beauty Salon

    Property Details for 12165 Kiowa Rd

    Year built
    1987
    Construction
    WOOD FRAME
    Lot size
    0.90 lot acres
    Property size
    8,595 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    3087-451-03-0000
    APU
    3087451030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,390,000
      ML approach
      $1,445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,390,000
      6.5%
      $1,280,000
      7%
      $1,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,502,000
      Market price range: $931k - $4.12M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,315,000
      Current use
      COMMERCIAL (GENERAL)
      $2,280,000
      Change: -1% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,190,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.207
    Latitude
    34.4726
    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
    $3,911
    $219,903
    $834,956
    $1,054,859
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $910,000
      6,000 SF

      21065 Bear Vly Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      21065 Bear Vly Rd, Apple Valley, CA 92308-6972
      View Details
    • Value Estimation
      $295,000
      5,466 SF

      13663 Navajo Rd

      SHOPPING CENTER, STRIP CENTER • 5,466 SF
      13663 Navajo Rd, Apple Valley, CA 92308-5723
      View Details
    • Value Estimation
      $430,000
      8,878 SF

      13534 Navajo Rd

      SHOPPING CENTER, STRIP CENTER • 8,878 SF
      13534 Navajo Rd, Apple Valley, CA 92308-6500
      View Details
    • Value Estimation by Request
      11,240 SF

      20920 Bear Valley Rd

      Neighborhood centers • 11,240 SF
      20920 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • Value Estimation by Request
      44,400 SF

      Nec Yucca Loma Rd & Apple Vly Rd

      Lifestyle centers • 44,400 SF
      0 Nec Yucca Loma Rd & Apple Vly Rd, Apple Valley, CA 92308
      View Details
    • Value Estimation
      $590,000
      4,015 SF

      12218 Apple Vly Rd

      MINI-MALL • 4,015 SF
      12218 Apple Vly Rd, Apple Valley, CA 92308-1703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      44,400 SF

      High-Desert Mixed-Use Investment

      Apple Valley, CA: Prime Location, High Income
      0 Nec Yucca Loma Rd & Apple Vly Rd, Apple Valley, CA 92308
      View Details
    • $6,500,000
      52,000 SF

      Apple Valley Plaza Commercial Opportunity

      Unfinished commercial property in high-traffic Apple Valley location.
      22311 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • $4,410,000
      5,592 SF

      Bank of America NNN Lease

      NNN leased to Bank of America in Jess Ranch marketplace.
      19095 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • $4,995,000
      2,470,723.00 Acres

      Apple Valley Commercial Land

      Prime 56-acre commercial parcel, high-growth area.
      19968 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • $30,000

      Land for Sale

      Land available for sale.
      1 Clearview Dr, Apple Valley, CA 92308
      View Details
    • $150,000

      Apple Valley Fenced Land Parcel

      10 acres of surveyed, fenced land suitable for various projects.
      37 Alimos Rd, Apple Valley, CA 92308
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo
      6,000 SF

      Retail Space on Bear Valley

      Commercial space for lease in Apple Valley, California.
      21065 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • Contact for pricing

      Apple Valley Retail Space Available

      Retail spaces for lease in a high-traffic Apple Valley location.
      13534 Navajo Rd, Apple Valley, CA 92308
      View Details
    • Contact for pricing
      408,000 SF

      Jess Ranch Marketplace Retail Space

      Apple Valley Power Center - Spaces Available
      Marketplace Jess Ranch Pkwy, Apple Valley, CA 92308
      View Details
    • Contact for pricing

      Apple Valley Retail Space Available

      Retail spaces for lease in a high-traffic Apple Valley location.
      13534 Navajo Rd, Apple Valley, CA 92308
      View Details
    • $26 SF/Yr

      Apple Valley Fitness Center Space

      2,868 SF Retail Space in Apple Valley
      18825 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • Contact for pricing

      Functional Industrial Space Available

      1,000 SF warehouse space for lease at $0.75/SF.
      22275 Powhatan Rd, Apple Valley, CA 92308
      View Details
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    Apple Valley, CA 92308-4208
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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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