Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15398 Bear Vly Rd Victorville, CA 92395-9065

    • Apartment buildings
    • 7,200 SF
    • 0.64 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2022
    Value Estimations
    $1,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1551055
    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

    • Apartment buildings

    Property Details for 15398 Bear Vly Rd

    Year built
    1985
    Construction
    WOOD FRAME
    Lot size
    0.64 lot acres
    Property size
    7,200 SF
    Property type
    Apartment buildings
    APN
    3093-491-17-0000
    APU
    3093491170000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,210,000
      6.5%
      $1,120,000
      7%
      $1,040,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $683,000
      Market price range: $249k - $762k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,535,000
      Current use
      RETAIL STORES
      $1,600,000
      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
    -117.328
    Latitude
    34.4712
    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
    $13,144
    $226,440
    $875,160
    $1,101,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $700,000
      4,576 SF

      14965 Culley St

      APARTMENT HOUSE (5+ UNITS) • 4,576 SF
      14965 Culley St, Victorville, CA 92395-3983
      View Details
    • Value Estimation
      $2,215,000
      23,584 SF

      14461 La Paz Dr

      APARTMENT HOUSE (5+ UNITS) • 23,584 SF
      14461 La Paz Dr, Victorville, CA 92395-4238
      View Details
    • Value Estimation
      $680,000
      3,319 SF

      15563 5th St

      APARTMENT HOUSE (5+ UNITS) • 3,319 SF
      15563 5th St, Victorville, CA 92395-3155
      View Details
    • Value Estimation
      $5,020,000
      55,696 SF

      16100 Pebble Bch Dr

      APARTMENT HOUSE (5+ UNITS) • 55,696 SF
      16100 Pebble Bch Dr, Victorville, CA 92395-4483
      View Details
    • Value Estimation
      $1,090,000
      6,800 SF

      15392 Bear Vly Rd

      APARTMENT HOUSE (5+ UNITS) • 6,800 SF
      15392 Bear Vly Rd, Victorville, CA 92395-8896
      View Details
    • Value Estimation by Request
      5,376 SF

      16756 Batson Rd

      APARTMENT HOUSE (5+ UNITS) • 5,376 SF
      16756 Batson Rd, Victorville, CA 92395-4548
      View Details

    Similar Nearby for Sale

    • $919,000

      Victorville Investment Opportunity: Six Units

      Six-unit complex with a 7% cap rate in Victorville.
      15521 4Th St, Victorville, CA 92395
      View Details
    • $3,180,000
      15,345 SF

      Victorville Multifamily Investment Opportunity

      18-unit multifamily property in Victorville, California.
      16518 Avalon Ave, Victorville, CA 92395
      View Details
    • New
      $1,680,000
      6,440 SF

      Victorville Multifamily Investment Opportunity

      Well-maintained 8-unit apartment building with garages in a prime location.
      15418 Bear Valley Rd, Victorville, CA 92395
      View Details
    • $4,000,000
      2 SF

      Mobile Home Park Investment Opportunity

      Mobile home park with development potential in a desirable location.
      16530 Stoddard Wl Rd | Victorville, Victorville, CA 92395
      View Details
    • $94,000

      Family-Friendly Home in Victorville Community

      Charming three-bedroom home with community amenities and convenient location.
      16473 Green Tree Blvd, Victorville, CA 92395
      View Details
    • $585,000

      Duplex Near Bear Valley Road

      Duplex with potential for commercial use near Bear Valley.
      15826 Bear Valley Rd, Victorville, CA 92395
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      211,190 SF

      Victorville Commercial Multi-Use Property

      Prime Victorville location, large spaces available.
      0 2Nd Ave, Victorville, CA 92395
      View Details
    • Contact for pricing
      24,361 SF

      Victor Valley Retail Center

      High-traffic retail center, Victorville, CA
      17100 Bear Valley Rd, Victorville, CA 92395
      View Details
    • Contact for pricing
      20,550 SF

      Victorville Industrial Warehouse Space

      5,333 SF Flex Space Available Now
      12176 Industrial Blvd, Victorville, CA 92395
      View Details
    • $1,100 /Mo
      46,332 SF

      Victorville Professional Office Space Available

      Professional office space with ample parking and high visibility.
      16519 Victor St, Victorville, CA 92395
      View Details
    • Contact for pricing
      1,050 SF

      Medical Building Near Global Hospital

      Divisible medical building near V.V. Global Hospital with ample parking.
      15366 11Th St, Victorville, CA 92395
      View Details
    • $0.50 SF/Yr
      27,342 SF

      Office Space Near Freeway

      Office property with immediate access to the 15 Freeway.
      16071 Mojave Dr | Victorville, Victorville, CA 92395
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15398 Bear Vly Rd
    Victorville, CA 92395-9065
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.