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    Property profile & analytics

    14829 7th St Victorville, CA 92395-4013

    • Retail space
    • 16,000 SF
    • 2.22 lot acres
    OFF-MARKET
    Last Sale
    Oct 22, 2024
    Value Estimations
    $2,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0980357
    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

    • Lucky Day Bins / Discount Store
    • Immigration Taxes / Tax Preparation
    • Clem Ajayi, RPh / Pharmacy
    • Taqueria Zacatecas #2 / Restaurant
    • BOCHE FURNITURE / Furniture & Home Goods / Home Decor Store

    Property Details for 14829 7th St

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.22 lot acres
    Property size
    16,000 SF
    Property type
    Retail space
    APN
    0477-122-13-0000
    APU
    477122130000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,765,000
      6.5%
      $2,555,000
      7%
      $2,370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,617,000
      Market price range: $693k - $2.07M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,555,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,410,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.307
    Latitude
    34.5199
    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
    $16,971
    $551,381
    $845,256
    $1,396,637
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.67 Acres

      14716 7th St

      RETAIL STORES (PERSONAL SERVICES) • 0.67 Acres
      14716 7th St, Victorville, CA 92395-4020
      View Details
    • Value Estimation by Request
      4,000 SF

      15561 7th St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      15561 7th St, Victorville, CA 92395-3223
      View Details
    • Value Estimation by Request
      0.59 Acres

      15313 7th St

      RETAIL STORES (PERSONAL SERVICES) • 0.59 Acres
      15313 7th St, Victorville, CA 92395-3803
      View Details
    • Value Estimation by Request
      3,096 SF

      15369 7th St

      RETAIL STORES (PERSONAL SERVICES) • 3,096 SF
      15369 7th St, Victorville, CA 92395-3803
      View Details
    • Value Estimation by Request
      0.17 Acres

      15289 7th St

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      15289 7th St, Victorville, CA 92395-3842
      View Details
    • Value Estimation by Request
      2,440 SF

      16822 C St

      Individual retail properties • 2,440 SF
      16822 C St, Victorville, CA 92395
      View Details

    Similar Nearby for Sale

    • $599,000
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      Mixed-Use Property with Residential Income

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      Union Street Investment Opportunity

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      Two-story commercial building in Mixed-Use Retail District.
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      7,500 SF

      Retail Investment Opportunity in Victorville

      Four-unit retail property with national tenants in Victorville, CA.
      17080 Bear Valley Rd, Victorville, CA 92395
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    • $899,000

      Victorville Retail Investment Opportunity

      Retail building in the heart of Victorville with value-add potential.
      15625 7Th St, Victorville, CA 92395
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    • $3,001,257
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      Victorville Retail Pad Building

      Net-leased retail building in established Victor Plaza.
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    Similar Nearby for Lease

    • $1.60 SF/Yr
      1,192 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      14213 7Th St, Victorville, CA 92395
      View Details
    • $1.50 SF/Yr
      4,071 SF

      Retail Space Along 15 Freeway

      High visibility retail space for lease along 15 Freeway.
      12475 Mariposa Rd, Victorville, CA 92395
      View Details
    • $1,600 /Mo
      1,370 SF

      Victorville Commercial Space For Lease

      Commercial space in Victorville with frontage on a main road.
      15040 7Th St, Victorville, CA 92395
      View Details
    • $1.10 SF/Yr
      4,957 SF

      Remodeled Retail Space in Victorville

      Remodeled retail space in up-and-coming Victorville's Old Town district.
      15595 7Th St, Victorville, CA 92395
      View Details
    • $1.10 SF/Yr
      4,957 SF

      Remodeled Retail Space in Victorville

      Newly remodeled retail space in Victorville's historic Old Town.
      15593 7Th St, Victorville, CA 92395
      View Details
    • $1.00 SF/Yr
      4,634 SF

      Freestanding Retail Building, Freeway Access

      Freestanding retail building with immediate access to the 15 Freeway.
      15055 La Paz Dr, Victorville, CA 92395
      View Details
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    14829 7th St
    Victorville, CA 92395-4013
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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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