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

    15235 Main St Hesperia, CA 92345-3326

    • Medical offices
    • 5,010 SF
    • 1.59 lot acres
    OFF-MARKET
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1458744
    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

    • Hesperia Physical Therapy / Medical Clinic

    Property Details for 15235 Main St

    Year built
    2004
    Construction
    WOOD FRAME
    Lot size
    1.59 lot acres
    Property size
    5,010 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0408-171-15-0000
    APU
    408171150000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,125,000
      6.5%
      $1,040,000
      7%
      $965,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $851,000
      Market price range: $345k - $1.11M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,450,000
      Current use
      AUTO REPAIR, GARAGE
      $1,525,000
      Change: +5% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,350,000
      Change: -7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,170,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.331
    Latitude
    34.4265
    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
    $13,595
    $147,731
    $1,115,135
    $1,262,866
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,010 SF

      15679 Bear Vly Rd

      MEDICAL BUILDING • 2,010 SF
      15679 Bear Vly Rd, Hesperia, CA 92345-0831
      View Details
    • Value Estimation by Request
      9.12 Acres

      9550 Escondido Ave

      MEDICAL BUILDING • 9.12 Acres
      9550 Escondido Ave, Hesperia, CA 92345-9120
      View Details
    • Value Estimation
      $1,505,000
      13,536 SF

      11919 Hesperia Rd

      MEDICAL BUILDING • 13,536 SF
      11919 Hesperia Rd, Hesperia, CA 92345-2158
      View Details
    • Value Estimation by Request
      2,233 SF

      17497 Main St

      MEDICAL BUILDING • 2,233 SF
      17497 Main St, Hesperia, CA 92345-6268
      View Details
    • Value Estimation
      $535,000
      3,276 SF

      11941 Hesperia Rd

      DENTAL BUILDING • 3,276 SF
      11941 Hesperia Rd, Hesperia, CA 92345-1855
      View Details
    • Value Estimation by Request
      1,350 SF

      16385 Walnut St

      DENTAL BUILDING • 1,350 SF
      16385 Walnut St, Hesperia, CA 92345-3623
      View Details

    Similar Nearby for Sale

    • $2,626,000
      9,135 SF

      Hesperia Office Investment

      Prime location, high occupancy, strong tenant.
      15255 Bear Valley Rd, Hesperia, CA 92345
      View Details
    • $1,280,000
      6,000 SF

      Hesperia Medical Office Building

      6,000 SF Medical Office, High NOI
      17151 Main St, Hesperia, CA 92345
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    • $550,000

      Three-Unit Office Building For Sale

      Three-unit office building with Main Street frontage and ample parking.
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      View Details
    • $475,000
      1,728 SF

      Hesperia Commercial Building on Main

      Standalone 1,728 SF commercial building on 0.35 acres.
      14377 Main St, Hesperia, CA 92345
      View Details
    • $528,000
      10,454 SF

      Freestanding Office Building in Hesperia

      Well-maintained office building with ample parking in Hesperia, California.
      16000 Yucca St, Hesperia, CA 92345
      View Details
    • $950,000
      3,200 SF

      Hesperia Commercial Property For Sale

      3,200 sq ft commercial property suitable for various business uses.
      9179 G Ave, Hesperia, CA 92345
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office/Medical Shell Building For Rent

      Under construction retail shell building with multiple units for lease.
      15634 Main St, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Retail Shell Building Under Construction

      Under construction retail/office/medical shell building, completion target July-Aug 2025.
      15634 Main St, Hesperia, CA 92345
      View Details
    • $2,500 /Mo

      Furnished Office Space For Lease

      Furnished office space in Hesperia, near Victor Valley College.
      12061 Jacaranda Ave, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Medical Office Space Available

      Private office space in medical building with exterior access.
      15462 Main St, Hesperia, CA 92345
      View Details
    • $2,448 /Mo

      Medical Office Space Available

      Professional center with exam rooms, kitchenette, and private office.
      17450 Main St E, Hesperia, CA 92345
      View Details
    • $1.10 SF/Yr
      6,000 SF

      Hesperia Commercial Space with Storage

      Multi-unit building with office, warehouse, and storage space.
      16490 Walnut St, Hesperia, CA 92345
      View Details
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    Hesperia, CA 92345-3326
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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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