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    16808 Main St Hesperia, CA 92345
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    Property profile & analytics

    16808 Main St, Hesperia, CA 92345

    View on Map
    • Retail space
    • 7,350 SF
    • 0.69 lot acres
    Off-Market
    Property ID
    US10-0901174
    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

    • Hannon Chiropractic: Dr. Brad W. Hannon DC / Alternative Medicine Practice
    • Jody Noel Realtor - One Key Realty Broker / Real Estate Agency
    • Warrior Table Soccer / Association / Organization
    • Learn CPR 4 Life / Training Center / Vocational School
    • VINYL MAYHEM / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store

    Property Details for 16808 Main St

    Year built
    1988
    Lot size
    0.69 lot acres
    Property type
    Retail space

    Description

    Midtown Square offers a prime 3,000 square foot retail endcap space in Hesperia, California. Located at 16808 Main St, this space is part of a larger 7,350 square foot building situated on a 0.69-acre lot in a high-traffic shopping center. The building, constructed in 1988, is a single-story Class C property with ample parking and easy accessibility. This endcap unit, previously a salon, features a massage room, small office, facial and waxing room, and a break room. The property benefits from its location on a major east-west corridor, positioned between two signalized intersections for excellent visibility. The shopping center boasts a strong tenant mix including well-known brands such as Stater Brothers (a dominant grocery anchor), Sizzler, KFC, US Bank, Little Caesars, Subway, and Wingstop, with Jamba Juice soon to open. The property's zoning is Commercial, with an APN of 0410-142-57 in San Bernardino County. The total building has three suites, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 3,000 square feet. Currently, 3,000 square feet are vacant. This presents a unique opportunity to establish a business in a thriving retail environment. The property's address is 16808 Main St, Hesperia, CA 92345, and is conveniently located near the I-15 freeway.

    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
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.29605949464
    Latitude
    34.421814211253

    Comparable in this City

    • Contact for pricing
      10,944 SF

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      High-traffic location perfect for retail, service, or restaurant businesses.
      14875 Main St, Hesperia, CA 92345
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      3,000 SF

      High-Traffic Corner Retail Opportunity

      Signalized corner lot with high visibility and growth potential.
      12060 5Th Ave, Hesperia, CA 92345
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      14,490 SF

      Hesperia Retail Space For Sale

      Retail space available in Hesperia, California, with 7.00% CAP.
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      15,120 SF

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    Similar Nearby for Lease

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      10,944 SF

      Prime Hesperia Retail Space Available

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      View Details
    • Contact for pricing
      3,000 SF

      High-Traffic Corner Retail Opportunity

      Signalized corner lot with high visibility and growth potential.
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    Hesperia, CA 92345
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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.

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