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

    16611 Mojave Dr Victorville, CA 92395-3856

    • Warehouses
    • 9,100 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Apr 02, 2021
    $660,000
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    8.7%
    Warehouses
    Location Intelligence
    Property ID
    US10-1737097
    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

    • Ernie's Auto Collision Inc / Auto Repair Shop

    Property Details for 16611 Mojave Dr

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.44 lot acres
    Property size
    9,100 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0477-041-01-0000
    APU
    477041010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $905,000
      ML approach
      $815,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,310,000
      6.5%
      $1,210,000
      7%
      $1,125,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,082,000
      Market price range: $804k - $1.36M
      AI Estimate
      $611,000
      Market price range: $148k - $903k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,030,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.303
    Latitude
    34.5286
    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
    2024
    $8,323
    $84,897
    $615,501
    $700,398
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $440,000
      32,000 SF

      16642 Mojave Dr

      MINI-WAREHOUSE, STORAGE • 32,000 SF
      16642 Mojave Dr, Victorville, CA 92395-3824
      View Details
    • Value Estimation
      $960,000
      30,104 SF

      12858 Production Pl

      MINI-WAREHOUSE, STORAGE • 30,104 SF
      12858 Production Pl, Victorville, CA 92395-9723
      View Details
    • Value Estimation
      $1,245,000
      76,332 SF

      16885 Sunset Dr

      MINI-WAREHOUSE, STORAGE • 76,332 SF
      16885 Sunset Dr, Victorville, CA 92395-5601
      View Details
    • Value Estimation
      $885,000
      21,399 SF

      12855 Production Pl

      MINI-WAREHOUSE, STORAGE • 21,399 SF
      12855 Production Pl, Victorville, CA 92395-9725
      View Details
    • Value Estimation
      $610,000
      7,500 SF

      12221 2nd Ave

      MINI-WAREHOUSE, STORAGE • 7,500 SF
      12221 2nd Ave, Victorville, CA 92395-5770
      View Details
    • Value Estimation
      $1,695,000
      93,746 SF

      12176 Locust Ave

      MINI-WAREHOUSE, STORAGE • 93,746 SF
      12176 Locust Ave, Victorville, CA 92395-9641
      View Details

    Similar Nearby for Sale

    • $465,000

      Commercial Property on Seventh Street

      Commercial property with two buildings and ample parking for sale.
      15369 7Th St, Victorville, CA 92395
      View Details
    • $700,000
      3,240 SF

      Versatile Warehouse on Secured Lot

      3,240 SF warehouse on 0.48 acres near I-15.
      15691 1St St, Victorville, CA 92395
      View Details
    • $655,000
      5.00 Acres

      Victorville Commercial Land - 5 Acres

      Prime 5-acre commercial/industrial lot in Victorville, CA.
      0 Yates Rd, Victorville, CA 92395
      View Details
    • $650,000
      10,000 SF

      Victorville Flex Space Investment

      10,000 SF Multi-Tenant Commercial Building
      15483 7Th St, Victorville, CA 92395
      View Details
    • $2,499,999
      13,740 SF

      Versatile Commercial Building in Victorville

      Commercial property with open floor plan, high ceilings, and sprinkler.
      16534 Victor St, Victorville, CA 92395
      View Details
    • $39,000,000
      336,000 SF

      Victorville Industrial Site For Sale

      336,000 SF industrial site with heavy zoning and rail access.
      17300 Silica Dr, Victorville, CA 92395
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,550 SF

      Victorville Industrial Warehouse Space

      5,333 SF Flex Space Available Now
      12176 Industrial Blvd, Victorville, CA 92395
      View Details
    • $1.20 SF/Yr
      12,548 SF

      Industrial Flex Space Available

      Multi-tenant building with offices, restrooms, and fenced storage.
      12858 Production Pl, Victorville, CA 92395
      View Details
    • $2,325 /Mo

      Clean Flex Units For Lease

      Two 1,550 SF units with warehouse and office space.
      17198 Yuma St, Victorville, CA 92395
      View Details
    • Contact for pricing
      3,108 SF

      Industrial Boulevard Office Space

      San Bernardino Office: 3,108 sq ft
      12138 Industrial Blvd, 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
    • Contact for pricing
      7 SF

      7.68 Acres of Surplus Land

      7.68 acres of commercial land for rent in Victorville.
      S Of Mojave Dr, Victorville, CA 92395
      View Details
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    Victorville, CA 92395-3856
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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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