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    15028 7Th St Victorville, CA 92395
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    Property profile & analytics

    15028 7Th St, Victorville, CA 92395

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    • Commercial real estate
    • 13,609 SF
    Off-Market
    Property ID
    US10-0960406
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Royal Treatment Beauty Bar / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Globotech / Computer & Electronic Repair
    • SDK Skateboard Shop / (Bike/Boat/Book/etc) Store
    • America’s Oil Supplies / (Bike/Boat/Book/etc) Store
    • C&C African Caribbean International Store / Department Store

    Property Details for 15028 7Th St

    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a 13,609 square foot, single-story retail building situated on a 1.06-acre lot in Victorville, California. Constructed in 1979, the property currently boasts 11-12 units, with some tenants occupying two units. The building is 70% occupied, with four vacant units available, offering immediate potential for increased revenue. Current monthly rent totals $8,000, with modified gross leases in place. Vacant units are being offered at a competitive asking price of $0.90 to $1.00 per square foot. The property is self-managed, with common area utilities averaging $115 per month. Landlord-paid expenses include water, sewer, and trash, totaling $550 per month. Annual insurance costs are $3,600. Tenants are current on rent, and they are responsible for their own electricity and gas. This property offers a strong cash flow and significant upside potential for a savvy investor seeking a multi-tenant retail asset in a growing California market. The asking price is $1,799,000. The property is located at 15028 7th Street, Victorville, CA 92395.

    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
    -117.3028803
    Latitude
    34.4933111

    Comparable in this City

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      Victorville Commercial Property For Sale

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      Retail Land in Victorville

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      Victorville Retail Space - High Visibility

      Modern Retail Space, Prime Victorville Location
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    Similar Nearby for Sale

    • $2,999,000

      Commercial Building on 7th Street

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      6,000 SF

      Multi-Tenant Retail Center For Sale

      Multi-tenant retail center with established tenants and high visibility.
      14433 7Th St, Victorville, CA 92395
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      Victorville Commercial Property For Sale

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      14923 7Th St, Victorville, CA 92395
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      Retail Land in Victorville

      Land available for retail development in Victorville, California.
      Swc Nisqualli Rd & Mariposa Rd, Victorville, CA 92395
      View Details
    • Contact for pricing
      5,376 SF

      Victorville Retail Space - High Visibility

      Modern Retail Space, Prime Victorville Location
      16424 St, Victorville, CA 92395
      View Details

    Similar Nearby for Lease

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      Pending

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      Retail/Office Space in Victorville

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      Retail Spaces in Green Tree Plaza

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      Retail Spaces in Victorville Available

      Retail spaces available from 780 to 8,570 square feet.
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      Retail space available on Bear Valley Road in Victorville.
      15482 Bear Valley Rd, Victorville, CA 92395
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    15028 7Th St
    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.

    More about this property
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