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

    16190 Main St Hesperia, CA 92345-3527

    • Retail space
    • 2,700 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Feb 15, 2022
    $440,000
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    5.9%
    Retail space
    Location Intelligence
    Property ID
    US10-1468217
    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

    • Azteca tires / Tire Repair Shop
    • New Steps Flooring / Countertop Store / Granite Supplier

    Property Details for 16190 Main St

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    2,700 SF
    Property type
    Retail space
    APN
    0413-044-23-0000
    APU
    413044230000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $435,000
      ML approach
      $405,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $425,000
      6.5%
      $395,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $374,000
      Market price range: $153k - $461k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $600,000
      Current use
      COMMERCIAL (GENERAL)
      $630,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.309
    Latitude
    34.423
    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
    $4,988
    $72,828
    $384,948
    $457,776
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $575,000
      12,600 SF

      15555 Main St

      RETAIL STORES (PERSONAL SERVICES) • 12,600 SF
      15555 Main St, Hesperia, CA 92345-3466
      View Details
    • Value Estimation
      $285,000
      5,048 SF

      11988 Hesperia Rd Ste B

      RETAIL STORES (PERSONAL SERVICES) • 5,048 SF
      11988 Hesperia Rd Ste B, Hesperia, CA 92345-1426
      View Details
    • Value Estimation
      $1,180,000
      7,684 SF

      11370 Hesperia Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,684 SF
      11370 Hesperia Rd, Hesperia, CA 92345-2170
      View Details
    • Value Estimation
      $425,000
      9,135 SF

      15255 Bear Vly Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,135 SF
      15255 Bear Vly Rd, Hesperia, CA 92345-1610
      View Details
    • Value Estimation
      $330,000
      1,910 SF

      16187 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,910 SF
      16187 Main St, Hesperia, CA 92345
      View Details
    • Value Estimation
      $375,000
      2,620 SF

      16292 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,620 SF
      16292 Main St, Hesperia, CA 92345-3550
      View Details

    Similar Nearby for Sale

    • $1,799,000

      Hesperia Road Warehouse with Office

      12,000 SF warehouse with office/retail space on Hesperia Road.
      11214 Hesperia Rd, Hesperia, CA 92345
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    • $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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    • $950,000
      3,200 SF

      Hesperia Commercial Property For Sale

      3,200 sq ft commercial property suitable for various business uses.
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    • $280,000
      1,780 SF

      Hesperia Commercial Property For Sale

      Commercial property in high-visibility location, ideal for retail or service ventures.
      9777 Tamarisk Ave, Hesperia, CA 92345
      View Details
    • New
      $475,000
      1,728 SF

      Hesperia Commercial Building on Main

      Standalone 1,728 SF commercial building on 0.35 acres.
      14377 Main St, Hesperia, CA 92345
      View Details
    • $950,000
      1,110 SF

      Retail Property on Bear Valley

      Commercial property for sale with frontage on Bear Valley Road.
      17085 Bear Valley Rd, Hesperia, CA 92345
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      High Visibility Showroom/Retail Space

      2,200 SF showroom/retail space with frontage on Interstate 15.
      12033 Mariposa C, 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

      Retail Space in Hesperia Marketplace

      Highly visible retail suite in a proven trade area.
      15555 Main D7, 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
    • $1,845 /Mo

      Retail Space in Joshua Crossing

      Retail space available for lease in Hesperia, CA.
      15800 Main St, Hesperia, CA 92345
      View Details
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    16190 Main St
    Hesperia, CA 92345-3527
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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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