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    15419 Cholame Rd Victorville, CA 92392
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    15419 Cholame Rd Victorville, CA 92392

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    • Office buildings
    • 8,312 SF
    For Sale
    $2,965,000
    View Listing →
    Victorville Office Building For Sale For Sale
    $2,965,000
    8,312 SF

    Victorville Office Building For Sale

    Commercial office building with long-term tenant in place for sale.

    15419 Cholame Rd, Victorville, CA 92392
    View Listing
    Property ID
    US10-1403322
    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

    • Edd Workforce Services Branch / Employment Agency

    Property Details for 15419 Cholame Rd

    Year built
    1982
    Property size
    8,312 SF
    Property type
    Office buildings
    Property subtype
    Commercial real estate

    Description

    For Sale Commercial Office Building with long term tenant in place. Property boasts 6 offices (1 with private restroom), 3 larger rooms, 1 employee break room, 2 storage rooms and 4 restrooms with large open areas across a total of 8,312 SF on a 0.92 AC Lot. Built in 1982 with an effective year of 1995, the property is professionally managed with mature landscape and ample parking both front and rear. Property is occupied by County of San Bernardino affiliated entity. Located in the City of Victorville's IPD Zoning, the property is in good condition and in a great location right off the I-15 freeway off and on-ramps. This investment provides a great return within an opportunity zone that does not come available very often. Selling As-Is. Buyer to verify all. DO NOT DISTURB TENANT.

    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
    -117.3273033
    Latitude
    34.5018167

    Comparable in this City

    • Contact for pricing
      12,662 SF

      Refurbished Office Building in Victorville

      Modern, 12,600+ sq ft office building near civic center.
      14318 California Ave, Victorville, CA 92392
      View Details
    • $2,965,000
      10,178 SF

      Victorville Office Building Investment

      Prime Victorville office building, long-term tenant.
      15419 Cholame Rd, Victorville, CA 92392
      View Details
    • $2,965,000
      8,312 SF

      Victorville Office Building For Sale

      Commercial office building with long-term tenant in place for sale.
      15419 Cholame Rd, Victorville, CA 92392
      View Details
    • $2,965,000
      8,312 SF

      Victorville Office Building Investment

      8,312 SF Office Building with Long-Term Tenant
      15419 Cholame Rd, Victorville, CA 92392
      View Details
    • Contact for pricing
      Pending

      Office Suite in Victorville

      Office suite with reception area, close to civic services.
      15428 Dr Unit 325, Victorville, CA 92392
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,662 SF

      Refurbished Office Building in Victorville

      Modern, 12,600+ sq ft office building near civic center.
      14318 California Ave, Victorville, CA 92392
      View Details
    • $2,965,000
      10,178 SF

      Victorville Office Building Investment

      Prime Victorville office building, long-term tenant.
      15419 Cholame Rd, Victorville, CA 92392
      View Details
    • $2,965,000
      8,312 SF

      Victorville Office Building For Sale

      Commercial office building with long-term tenant in place for sale.
      15419 Cholame Rd, Victorville, CA 92392
      View Details
    • $2,965,000
      8,312 SF

      Victorville Office Building Investment

      8,312 SF Office Building with Long-Term Tenant
      15419 Cholame Rd, Victorville, CA 92392
      View Details
    • Contact for pricing
      Pending

      Office Suite in Victorville

      Office suite with reception area, close to civic services.
      15428 Dr Unit 325, Victorville, CA 92392
      View Details

    Similar Nearby for Lease

    • $1.10 SF/Yr
      30,626 SF

      High-Visibility Office Building Near I-15

      Premier office building in the Inland Empire North.
      13875 Park Ave, Victorville, CA 92392
      View Details
    • Contact for pricing

      Fully Leased Office Building

      Office building in Victorville, CA, currently 100% leased.
      14455 Park Ave, Victorville, CA 92392
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    • Contact for pricing

      Commercial Lease Space in Victorville

      Retail, office, and light industrial spaces available near I-15.
      14156 Amargosa Rd, Victorville, CA 92392
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    • Contact for pricing

      Office Spaces in High Desert Hub

      Convenient and visible office spaces in Victorville's administrative district.
      14420 Civic Dr, Victorville, CA 92392
      View Details
    View Listing
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    Victorville, CA 92392
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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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