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    15099 Kamana Rd Apple Valley, CA 92307
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    15099 Kamana Rd Apple Valley, CA 92307

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    • Medical Office Space
    For Lease
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    Apple Valley Office Space Available For Lease
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    8,236 SF

    Apple Valley Office Space Available

    Two-story office building near St. Mary’s Medical Center.

    15099 Kamana Road, Apple Valley, CA 92307
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    Property ID
    US10-0883570
    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

    • Julie King / Ophthalmologist
    • Pejman Bakhtiary / Ophthalmologist
    • Mila Heersink / Ophthalmologist
    • Pamela Bekendam / Ophthalmologist
    • Nishant Soni / Ophthalmologist

    Property Details for 15099 Kamana Rd

    Year built
    1991
    Property type
    Medical Office Space
    Property subtype
    Commercial real estate

    Description

    Built-in 1991 the subject property is a ±8,236 square foot two-story office building located in the City of Apple Valley. Conveniently located near St. Mary’s Medical Center in the Medical/Office Hub; this area is home to many medical and professional users. The property sits just one block northeast of the intersection of Hwy 18 & Apple Valley Rd - a primary traffic signal. Entire Second Floor Available for Lease. Newly Elevator Served. The space is currently in a blank slate state just waiting for you to design your dream practice. Ownership is proficient in Medical Office Design and Build. Bring your ideas and let the Landlord’s architect assist you in designing a space that suits your needs to perfection. ±4,685 sqft of useable interior space with an additional ±1,300sqft of private veranda along three sides of the building. This building is highly visible from the heavily traveled intersection of Hwy 18 & Apple Valley Rd – building top signage is negotiable. Identity, Prominence, Visibility, Custom, YOU – its time to upgrade your practice don’t miss out on this opportunity.

    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
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.2718923
    Latitude
    34.541757

    Comparable in this City

    • Contact for pricing

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      Medical Office Space Near Hospital

      High-visibility medical office space near St. Mary Medical Center.
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    • $1.00 SF/Yr
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      Versatile Space for Healthcare Providers

      Well-maintained 3,000 SF suite ideal for healthcare or professional offices.
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      Apple Valley Medical Center Opportunity

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      Multi-Tenant Commercial Investment Opportunity

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      Renovated Commercial Building For Sale

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    • Contact for pricing

      Medical Office Space For Rent

      Medical office space near St. Mary's Hospital in Apple Valley.
      15995 Tuscola Rd, Apple Valley, CA 92307
      View Details
    • $2,400 /Mo
      1,400 SF

      Medical Office Space Near Hospital

      High-visibility medical office space near St. Mary Medical Center.
      18092 Wika Rd, Apple Valley, CA 92307
      View Details
    • $1.00 SF/Yr
      3,000 SF

      Versatile Space for Healthcare Providers

      Well-maintained 3,000 SF suite ideal for healthcare or professional offices.
      Apple, Apple Valley, CA 92307
      View Details
    View Listing
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    15099 Kamana Rd
    Apple Valley, CA 92307
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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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    15099 Kamana Rd, Apple Valley, CA, 92307
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