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

    15555 Main St Hesperia, CA 92345-3466

    • Grocery and convenience stores
    • 43,676 SF
    • 5.51 lot acres
    OFF-MARKET
    Value Estimations
    $5,830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1553078
    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

    • Boost Mobile / Cell Phone Store
    • Amazon Locker - Esila / Mailing Service / E-Commerce Service
    • Nk Jewelers / Jewelry Store
    • Bear Valley Dental Center / Dentist
    • Chaparral PT & Sports Med / Physical Therapist

    Property Details for 15555 Main St

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.51 lot acres
    Property size
    43,676 SF
    Property type
    Grocery and convenience stores
    APN
    0413-111-50-0000
    APU
    413111500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,910,000
      6.5%
      $6,380,000
      7%
      $5,925,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,352,000
      Market price range: $4.98M - $15.5M
      AI Estimate
      $3,763,000
      Market price range: $2.48M - $7.46M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $9,705,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $9,310,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.324
    Latitude
    34.4234
    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
    $51,867
    $2,837,209
    $1,760,119
    $4,597,328
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,135,000
      4,956 SF

      13188 Main St

      CONVENIENCE STORE (W/FUEL PUMP) • 4,956 SF
      13188 Main St, Hesperia, CA 92345-4667
      View Details
    • Value Estimation by Request
      1,342 SF

      12077 State Hwy 1381-2

      CONVENIENCE STORE (W/FUEL PUMP) • 1,342 SF
      12077 State Hwy 1381-2, Hesperia, CA 92345-9420
      View Details
    • Value Estimation
      $2,790,000
      18,934 SF

      13360 Main St

      GROCERY, SUPERMARKET • 18,934 SF
      13360 Main St, Hesperia, CA 92345-9137
      View Details
    • Value Estimation by Request
      2,652 SF

      15853 Main St

      CONVENIENCE STORE (W/FUEL PUMP) • 2,652 SF
      15853 Main St, Hesperia, CA 92345-3428
      View Details
    • Value Estimation by Request
      2.04 Acres

      18667 Bear Vly Rd

      GROCERY, SUPERMARKET • 2.04 Acres
      18667 Bear Vly Rd, Hesperia, CA 92345-5077
      View Details
    • Value Estimation by Request
      3,942 SF

      18920 Danbury Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 3,942 SF
      18920 Danbury Ave, Hesperia, CA 92345-6737
      View Details

    Similar Nearby for Sale

    • $1,950,000
      8,792 SF

      Hesperia Retail and Multifamily Opportunity

      Retail property with additional multifamily building for sale in Hesperia.
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      Walgreens NNN Lease Opportunity

      Single-tenant Walgreens with a new 5-year lease extension.
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    • $950,000
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      Hesperia Commercial Property For Sale

      3,200 sq ft commercial property suitable for various business uses.
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    • $150,000

      Established Bakery on Main Street

      Thriving bakery with wholesale relationships in high-traffic Hesperia location.
      13257 Main St, Hesperia, CA 92345
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    • $109,800

      Established Bakery Business For Sale

      Well-established bakery business with equipment included, operating for over 12 years.
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    • $450,000
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      Commercial Building in Hesperia, CA

      Commercial building with potential for multiple units in Hesperia.
      16221 Yucca St, Hesperia, CA 92345
      View Details

    Similar Nearby for Lease

    • $1.35 SF/Yr
      875 SF

      Retail Space Available For Rent

      Retail space with open floor plan and restroom.
      16922 Main St, Hesperia, CA 92345
      View Details
    • $1,845 /Mo

      Retail Space in Joshua Crossing

      Retail space available for lease in Hesperia, CA.
      15800 Main St, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Remodeled Retail Space on Main

      Remodeled retail space with high visibility and ample parking.
      16005 Main St, Hesperia, CA 92345
      View Details
    • 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
    • $23 SF/Yr
      1,712 SF

      Hesperia Retail Space For Lease

      Prime Main Street location, 1712 sq ft.
      14101-14135 Main St, Hesperia, CA 92345
      View Details
    • Contact for pricing
      2,500 SF

      Prime Location on Main Street

      High-traffic location near freeway and shopping center.
      12684 Main St, Hesperia, CA 92345
      View Details
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    15555 Main St
    Hesperia, CA 92345-3466
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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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