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

    15245 Palmdale Rd Victorville, CA 92392-2502

    • Auto shops
    • 2,700 SF
    • 0.96 lot acres
    OFF-MARKET
    Last Sale
    Sep 07, 2023
    $500,000
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1737260
    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

    • Victorville Collision Center / Auto Body Shop

    Property Details for 15245 Palmdale Rd

    Year built
    1979
    Construction
    WOOD
    Lot size
    0.96 lot acres
    Property size
    2,700 SF
    Property type
    Auto shops
    APN
    0396-052-08-0000
    APU
    396052080000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $513,000
      Market price range: $250k - $514k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $820,000
      Current use
      MEDICAL BUILDING
      $780,000
      Change: -5% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $725,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.332
    Latitude
    34.5064
    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
    $13,025
    $240,548
    $853,688
    $1,094,236
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $505,000
      5,000 SF

      14215 Palmdale Rd

      AUTO REPAIR, GARAGE • 5,000 SF
      14215 Palmdale Rd, Victorville, CA 92392-2631
      View Details
    • Value Estimation
      $690,000
      4,900 SF

      13690 Amargosa Rd

      AUTO REPAIR, GARAGE • 4,900 SF
      13690 Amargosa Rd, Victorville, CA 92392-2425
      View Details
    • Value Estimation by Request
      55,200 SF

      395 & Bear Vly Rd

      Restaurants • 55,200 SF
      395 & Bear Vly Rd, Victorville, CA 92392
      View Details
    • Value Estimation
      $3,830,000
      0.79 Acres

      13843 Park Ave

      PARKING LOT • 0.79 Acres
      13843 Park Ave, Victorville, CA 92392
      View Details
    • Value Estimation by Request
      0.86 Acres

      Palmdale Rd

      VEHICLE SALES, RENTALS • 0.86 Acres
      Palmdale Rd, Victorville, CA 92392
      View Details
    • Value Estimation by Request
      870 SF

      15120 Palmdale Rd

      VEHICLE SALES, RENTALS • 870 SF
      15120 Palmdale Rd, Victorville, CA 92392-2501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,836 SF

      Victorville Retail Space - 22,836 SF

      Prime Retail Location, High-Traffic Area, Owner/User Opportunity
      13650 Bear Valley Rd, Victorville, CA 92392
      View Details
    • Contact for pricing
      23,497 SF

      Victorville Retail Space For Sale

      9,209 SF retail space with freeway visibility in Victorville, CA.
      12628 Amargosa Rd, Victorville, CA 92392
      View Details
    • $860,000
      4,800 SF

      Victorville Commercial Property For Sale

      Commercial property in Victorville with long-term tenants and upside potential.
      13905 Amargosa Rd, Victorville, CA 92392
      View Details
    • Contact for pricing
      870 SF

      Victorville Retail Space - High Traffic Area

      Established Car Lot, Prime Location, High Visibility
      15120 Rd, Victorville, CA 92392
      View Details
    • $59,999

      Established Beauty Supply Store

      Turnkey beauty supply store with prime location and high traffic.
      13790 Bear Valley Rd, Victorville, CA 92392
      View Details
    • Contact for pricing
      45,460 SF

      Former Toys"R"Us Retail Space

      45,460 SF retail space in a strong retail node.
      12450 Amargosa Rd, Victorville, CA 92392
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      55,200 SF

      Victorville Retail Development Opportunity

      High-traffic retail space, 7 units available
      395 & Bear Vly Rd, Victorville, CA 92392
      View Details
    • $13 SF/Yr
      5,000 SF

      Victorville Warehouse For Lease

      5,000 SF Industrial Space, Prime Location
      15453 Cholame Rd, Victorville, CA 92392
      View Details
    • $18 SF/Yr
      20,985 SF

      Village Center Retail Spaces

      High Desert retail spaces available.
      12550 Amargosa Rd, Victorville, CA 92392
      View Details
    • $1.35 SF/Yr
      8,750 SF

      Victorville Industrial Space for Lease

      8,750 SF Flex Space, Prime Location
      13815 Park Ave, Victorville, CA 92392
      View Details
    • Contact for pricing
      10,195 SF

      Prime Retail Space on Bear Valley

      High-exposure retail spaces available in Victorville's growing commercial hub.
      13605 Bear Valley Rd, Victorville, CA 92392
      View Details
    • Contact for pricing
      50,000 SF

      High Desert Retail Opportunity

      Retail space in high-traffic High Desert location.
      12480 Amargosa Rd, Victorville, CA 92392
      View Details
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    15245 Palmdale Rd
    Victorville, CA 92392-2502
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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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