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

    15862 Grn Hl Dr Victorville, CA 92394-1563

    • Apartment buildings
    • 4,420 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Mar 09, 2025
    $840,000
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    6%
    Apartment buildings
    Location Intelligence
    Property ID
    US10-1553630
    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 15862 Grn Hl Dr

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.51 lot acres
    Property size
    4,420 SF
    Property type
    Apartment buildings
    APN
    0478-353-04-0000
    APU
    478353040000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $745,000
      ML approach
      $935,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $745,000
      6.5%
      $685,000
      7%
      $635,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $940,000
      Current use
      AUTO REPAIR, GARAGE
      $1,345,000
      Change: +43% Conversion: Difficult
      MEDICAL BUILDING
      $1,280,000
      Change: +36% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,190,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $980,000
      Change: +4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $835,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.313
    Latitude
    34.5389
    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
    $9,230
    $96,900
    $683,400
    $780,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,295,000
      9,720 SF

      16229 Vasquez Ave

      APARTMENT HOUSE (5+ UNITS) • 9,720 SF
      16229 Vasquez Ave, Victorville, CA 92394-1229
      View Details
    • Value Estimation
      $4,780,000
      42,588 SF

      15430 Culebra Rd, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 42,588 SF
      15430 Culebra Rd, Victorville, CA 92394-1908
      View Details
    • Value Estimation
      $5,855,000
      41,476 SF

      17251 Dante St

      APARTMENT HOUSE (5+ UNITS) • 41,476 SF
      17251 Dante St, Victorville, CA 92394-1639
      View Details
    • Value Estimation
      $585,000
      4,320 SF

      15000 Ritter St

      APARTMENT HOUSE (5+ UNITS) • 4,320 SF
      15000 Ritter St, Victorville, CA 92394-1233
      View Details
    • Value Estimation
      $595,000
      4,200 SF

      15756 Sueno Ln

      APARTMENT HOUSE (5+ UNITS) • 4,200 SF
      15756 Sueno Ln, Victorville, CA 92394-1753
      View Details
    • Value Estimation
      $690,000
      6,704 SF

      15702 Tern Rd

      APARTMENT HOUSE (5+ UNITS) • 6,704 SF
      15702 Tern Rd, Victorville, CA 92394-1938
      View Details

    Similar Nearby for Sale

    • $699,000
      3,456 SF

      Victorville Quadruplex For Sale

      Quadruplex located in Victorville, California.
      14952 Ritter St, Victorville, CA 92394
      View Details
    • $145,750
      0.46 Acres

      Victorville Apartment Land - 0.46 Acres

      Prime .46-acre residential land, ideal for apartments.
      000 Village Dr, Victorville, CA 92394
      View Details
    • $1,849,000
      39.57 Acres

      Victorville Land: ±39.57 Acres

      Prime Victorville commercial land, I-15 frontage.
      0 Venus Ave, Victorville, CA 92394
      View Details
    • $2,100,000

      Industrial Land in Victorville

      47.94 acres of industrial land zoned for industrial park.
      Amethyst Rd, Victorville, CA 92394
      View Details
    • $625,000

      Commercial Outparcel Land For Sale

      Commercial land outparcel available for sale.
      Swq Hook Blvd. & Amargosa Rd, Victorville, CA 92394
      View Details
    • $129,300

      Victorville Land Parcel Investment Opportunity

      10-acre parcel in Victorville with views and investment potential.
      Quarry Rd, Victorville, CA 92394
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      920 SF

      Retail Space in Victorville

      Retail space available for lease in Victorville, California.
      15617 Roy Rogers Dr, Victorville, CA 92394
      View Details
    • $1.25 SF/Yr
      8,440 SF

      Versatile Commercial Space in Victorville

      Flexible 1,234 SF unit in a prime location.
      15411 Village Dr, Victorville, CA 92394
      View Details
    • Contact for pricing
      1,600 SF

      Victorville Retail Space For Lease

      High-traffic location, 1600 sq ft.
      0 Seq Mojave & I-15, Victorville, CA 92394
      View Details
    • $2 SF/Yr
      11,100 SF

      High-Traffic Retail Spaces Available

      Retail spaces in a premier Victorville power center.
      15667 Roy Rogers Dr - Desert Sky Plz, Victorville, CA 92394
      View Details
    • Contact for pricing
      9 SF

      Victorville Industrial Land For Lease

      9.52 AC industrial land for lease in Victorville, CA.
      17145 Gasline Rd, Victorville, CA 92394
      View Details
    • $2 SF/Yr
      11,100 SF

      High-Traffic Retail Spaces Available

      Retail spaces available in a high-traffic Victorville shopping center.
      15667 Roy Rogers Dr - Desert Sky Plz, Victorville, CA 92394
      View Details
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    15862 Grn Hl Dr
    Victorville, CA 92394-1563
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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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