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    15586 7Th St Victorville, CA 92395

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    15586 7Th St Victorville, CA 92395

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    • Retail space
    • 4,775 SF
    For Sale
    $599,990
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    Route 66 Mixed-Use Investment For Sale
    $599,990
    4,775 SF

    Route 66 Mixed-Use Investment

    Four units in revitalizing Old Town Victorville, near I-15.

    15586 7th Street, Victorville, CA 92395
    View Listing
    Property ID
    US10-1435367
    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

    • HOUSE OF WORSHIP MINISTRIES / Church
    • Victory Auto Brokers / Auto Repair Shop / Vehicle Inspection Center
    • Toys of Eden Foundation / Charitable Organization / Social Service Agency
    • Precision Orthotics & Prosthetics, Inc. / Orthotics & Prosthetics Service

    Property Details for 15586 7Th St

    Year built
    1930
    Property size
    4,775 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    0478-224-01

    Description

    This exceptional investment opportunity presents a fully operational, multi-unit retail complex ideally situated on historic Route 66 in the heart of downtown Victorville, California. The property encompasses two buildings totaling 4,775 square feet on a 10,650 square foot corner lot, offering high visibility and significant traffic frontage. Built in 1930 and extensively renovated in 2021, the property currently boasts 50% occupancy across its four units, including a fully functional dental office. The property's zoning is commercial, allowing for diverse uses. The asking price is $599,990, translating to $125.65 per square foot. The property features four parking spaces and benefits from its location within Victorville's Old Town Specific Plan, an area designated for revitalization and growth over the next several decades. This presents a unique chance to capitalize on the planned transformation of this vibrant district. The property is offered as an owner/user opportunity with a net lease structure. This is a must-see opportunity for investors seeking a high-traffic, strategically located retail complex in a rapidly developing area. The property's location near the I-15 freeway provides excellent access throughout California. The APN is 0478-224-01.

    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
    -117.2939319031
    Latitude
    34.535302504258

    Comparable in this City

    • $5,199,000
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      Retail Investment Opportunity in Victorville

      Four-unit retail property with national tenants in Victorville, CA.
      17080 Bear Valley Rd, Victorville, CA 92395
      View Details
    • $700,000

      Remodeled Commercial Building in Victorville

      Remodeled commercial building with stable income and upgraded systems.
      16424 Victor St, Victorville, CA 92395
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    • Contact for pricing

      NNN Drive-Thru Restaurant Investment

      Fully leased drive-thru restaurant in major retail corridor.
      12931 Hesperia Rd, Victorville, CA 92395
      View Details

    Similar Nearby for Sale

    • $5,199,000
      7,500 SF

      Retail Investment Opportunity in Victorville

      Four-unit retail property with national tenants in Victorville, CA.
      17080 Bear Valley Rd, Victorville, CA 92395
      View Details
    • $700,000

      Remodeled Commercial Building in Victorville

      Remodeled commercial building with stable income and upgraded systems.
      16424 Victor St, Victorville, CA 92395
      View Details
    • Contact for pricing

      NNN Drive-Thru Restaurant Investment

      Fully leased drive-thru restaurant in major retail corridor.
      12931 Hesperia Rd, Victorville, CA 92395
      View Details

    Similar Nearby for Lease

    • $1.10 SF/Yr
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      Remodeled Retail Space in Victorville

      Remodeled retail space in up-and-coming Victorville's Old Town district.
      15595 7Th St, Victorville, CA 92395
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    • $1.10 SF/Yr
      4,957 SF

      Remodeled Retail Space in Victorville

      Newly remodeled retail space in Victorville's historic Old Town.
      15593 7Th St, Victorville, CA 92395
      View Details
    • $1,600 /Mo
      1,370 SF

      Victorville Commercial Space For Lease

      Commercial space in Victorville with frontage on a main road.
      15040 7Th St, Victorville, CA 92395
      View Details
    • $1.00 SF/Yr
      4,634 SF

      Freestanding Retail Building, Freeway Access

      Freestanding retail building with immediate access to the 15 Freeway.
      15055 La Paz Dr, Victorville, CA 92395
      View Details
    • $1.50 SF/Yr
      4,071 SF

      Retail Space Along 15 Freeway

      High visibility retail space for lease along 15 Freeway.
      12475 Mariposa Rd, Victorville, CA 92395
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    • $1.60 SF/Yr
      1,192 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      14213 7Th St, Victorville, CA 92395
      View Details
    View Listing
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    Victorville, CA 92395
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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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