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

    15453 Cholame Rd Victorville, CA 92392

    • Flex space
    • 5,000 SF
    • 0.47 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1387110
    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

    • Rose Industries Inc / Electronic Parts Supplier

    Property Details for 15453 Cholame Rd

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.47 lot acres
    Property size
    5,000 SF
    Property type
    Flex space
    APN
    0396-082-09-0000
    APU
    396082090000

    Description

    This 5,000-square-foot warehouse, situated on a 0.472-acre lot in Victorville, California, presents a compelling leasing opportunity. Built in 1978, the single-tenant property boasts a prime location off Interstate 15, offering exceptional visibility and convenient access to major transportation arteries. Its strategic position within the rapidly growing logistics and manufacturing hub of Southern California provides businesses with unparalleled connectivity to key markets. The spacious interior offers flexible configurations suitable for various industrial uses, including warehousing, distribution, or storage. The property's address is 15453 Cholame Road, Victorville, CA 92392 (APN: 0396082090000), within San Bernardino County. Victorville's ongoing economic expansion, fueled by significant infrastructure projects and commercial investments, creates a highly attractive environment for businesses seeking to establish or expand their operations. This location benefits from lower operating costs compared to larger metropolitan areas, coupled with a business-friendly atmosphere. The property's proximity to the Inland Empire further enhances its appeal, providing access to a critical logistics center. This warehouse offers a unique blend of location, accessibility, and growth potential, making it an ideal choice for businesses seeking long-term success in a thriving Southern California market. The entire 5,000 square feet is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $550,000
      6.5%
      $505,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $903,000
      Market price range: $540k - $903k
      AI Estimate
      $950,000
      Market price range: $324k - $1.08M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $745,000
      Current use
      RETAIL STORES
      $1,110,000
      Change: +49% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,065,000
      Change: +43% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.327
    Latitude
    34.5018
    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
    2024
    $8,754
    $127,500
    $605,400
    $732,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,650,000
      26,720 SF

      13819 Amargosa Rd

      LIGHT INDUSTRIAL • 26,720 SF
      13819 Amargosa Rd, Victorville, CA 92392-6405
      View Details
    • Value Estimation
      $3,770,000
      30,626 SF

      13875 Park Ave

      LIGHT INDUSTRIAL • 30,626 SF
      13875 Park Ave, Victorville, CA 92392
      View Details
    • Value Estimation
      $735,000
      7,392 SF

      15384 Tamarack Dr

      LIGHT INDUSTRIAL • 7,392 SF
      15384 Tamarack Dr, Victorville, CA 92392-2444
      View Details
    • Value Estimation by Request
      5,230 SF

      15328 Bonanza Rd

      LIGHT INDUSTRIAL • 5,230 SF
      15328 Bonanza Rd, Victorville, CA 92392-2410
      View Details
    • Value Estimation by Request
      8,750 SF

      13815 Park Ave

      Distribution properties • 8,750 SF
      13815 Park Ave, Victorville, CA 92392
      View Details
    • Value Estimation
      $8,225,000
      90,000 SF

      10732 Us Hwy 395

      LIGHT INDUSTRIAL • 90,000 SF
      10732 Us Hwy 395, Victorville, CA 92392-2152
      View Details

    Similar Nearby for Sale

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      Victorville Warehouse - $300K

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    • $2,965,000
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      Victorville Office Building - $2.965M

      8,312 SF Office Building, Excellent Location
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    • $650,000

      Victorville Industrial Property - $650K

      Thriving Body Shop, High-Growth Location
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    • $310,000
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      40-Acre Victorville Investment Land

      Prime Agricultural & Industrial Land in Victorville, CA
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    • $2,500,000
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    • Contact for pricing
      8.91 Acres

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      8.91 Acres, M-1 Zoning, Hwy 395 Frontage
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      View Details

    Similar Nearby for Lease

    • $1.39 SF/Yr
      1,770 SF

      Multi-Tenant Building with Office Space

      Multi-tenant building featuring improved office space and warehouse area.
      15420 Tamarack Dr, Victorville, CA 92392
      View Details
    • Contact for pricing

      Retail/Office/Industrial Space Available

      Commercial lease space for retail, office, and light industrial tenants.
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      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
    • $15 SF/Yr
      13,735 SF

      Victorville Warehouse Space Available

      1,770 SF Industrial Warehouse Unit
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      View Details
    • Contact for pricing
      399,377 SF

      Industrial Building with Extensive Parking

      Spacious industrial building featuring ample parking and office space.
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      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
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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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