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Property profile & analytics
FOR SALE
Retail space

16424 Victor St Victorville, CA 92395

5,376 SF 0.28 ac lot Built 1970
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US10-1454200
Property summary
AI-generated overview

This 5,376 square foot, single-story office building in Victorville, CA, is available for $580,000. Built in 1970, the property sits on a 0.28-acre lot and features 17 parking spaces (buyer to verify). The building has recently undergone a complete remodel, including new restrooms and flooring. A dividing wall has been removed to create a large open space, suitable for a single tenant or easily divisible for multiple occupants. The property includes two offices, a storage room, and two restrooms. Ceiling height is 10' 9", and fire sprinklers are installed throughout. The property's zoning has been updated to MU-2 (High Density Mixed Use) by the City of Victorville, allowing for potential residential conversion (buyer to verify specifics with the city). Located at 16424 Victor St #Ste 1, 92395-3918, this high-traffic location is approximately 125 feet east of 7th Street, on the northwest corner of Victor Street & Circle Drive, near several commercial businesses and proposed new developments. A current loan of $375,000 may be assumable by a qualified buyer, with the seller potentially carrying a portion of the remaining balance. All offers will be considered. APN: 0477-133-22.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,376 SF
Lot 0.28 ac (12,200 SF)
APN 0477-133-22-0000
UPID US10-1454200
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$366k
Blend (final) Blend
$600k
Owner & transaction history
Alex Mandoyan · 6 yrs held
Alex Mandoyan
since 2020
7 recorded transactions
2020
Price N/A
2017
Price N/A
2013
$210,000
2012
$117,500
2011
$204,000
2006
$650,000
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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