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    16955 Olive St Hesperia, CA 92345-7959
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    Property profile & analytics

    16955 Olive St, Hesperia, CA 92345-7959

    View on Map
    • Apartment buildings
    • 32,855 SF
    • 2.00 lot acres
    Off-Market
    Property ID
    US10-1544350
    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
    $4,820,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Olive Terrace Apartments / Apartment Complex / Apartment Building

    Property Details for 16955 Olive St

    Year built
    2009
    Construction
    WOOD FRAME
    Lot size
    2.00 lot acres
    Property type
    Apartment buildings
    APN
    0410-202-41-0000
    APU
    410202410000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 2, 2019 $3,900,000 Olive Terrace 24 LP Palo Piesnik Grant Deed $3M · Arbor Commercial Funding LLC
    Aug 23, 2012 — Plesnik Palo Crystal Huang Intrafamily Transfer · related $1.1M · Pacific Mercantile Bank
    Feb 12, 2009 $1,943,929 Palo Plesnik Reliable Trust Deed Svcs Trustees Deed · related —
    Jul 5, 2006 — United Global Dev Zeid,mike & Roswitha D Grant Deed —
    Apr 25, 2006 — Mike Zeid Zeid,mike & Roswitha D Quit Claim Deed · related —
    Oct 6, 2005 — Mike Zeid — Trustees Deed · related $60k · Palo Plesnik
    Mar 31, 2004 $99,500 Roswigha D Zeid Coe,lawrence A Grant Deed $85k · Apex Mortgage Services
    — — Mike Zeid — Deed Of Trust · related $220k · Linda Marquez
    — — Mike Zeid — Deed Of Trust · related $200k · James Spielmaker
    — — United Global Dev — Deed Of Trust · related $250k · Palo Plesnik
    — — Mike Zeid — Deed Of Trust · related $140k · Palo Plesnik

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,195,000
      6.5%
      $6,640,000
      7%
      $6,165,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,005,000
      Current use
      COMMERCIAL (GENERAL)
      $7,675,000
      Change: +10% Conversion: Moderate
      RETAIL STORES
      $7,300,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.294
    Latitude
    34.4162
    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
    $46,037
    $246,071
    $4,019,150
    $4,265,221
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $695,000
      5.35 Acres

      15434 Sequoia St

      APARTMENT HOUSE (5+ UNITS)
      15434 Sequoia St, Hesperia, CA 92345-1667
      View Details
    • Value Estimation
      $3,155,000
      25,200 SF

      8948 Ee Ave

      APARTMENT HOUSE (5+ UNITS)
      8948 Ee Ave, Hesperia, CA 92345-5977
      View Details
    • Value Estimation
      $745,000
      5,838 SF

      17472 Sequoia St

      APARTMENT HOUSE (5+ UNITS)
      17472 Sequoia St, Hesperia, CA 92345-1817
      View Details
    • Value Estimation
      $565,000
      2,910 SF

      11563 Hesperia Rd

      APARTMENT HOUSE (5+ UNITS)
      11563 Hesperia Rd, Hesperia, CA 92345-2118
      View Details
    • Value Estimation
      $1,535,000
      10,400 SF

      17592 Lemon St

      APARTMENT HOUSE (5+ UNITS)
      17592 Lemon St, Hesperia, CA 92345-8344
      View Details
    • Value Estimation
      $1,070,000
      4,788 SF

      11875 A Ave

      APARTMENT HOUSE (5+ UNITS)
      11875 A Ave, Hesperia, CA 92345-1438
      View Details

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      Updated Duplex Investment Opportunity

      Updated duplex with two separate units, ideal for investment.
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    • $589,900
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      Hesperia Triplex with Garages

      Triplex in Hesperia with garages and individual backyards.
      16010 Olive St, Hesperia, CA 92345
      View Details
    • $675,000
      3,264 SF

      Four-Unit Residential Income Property

      Four separate two-bedroom, one-bath units with in-unit laundry and dedicated garage space for each unit.
      17019 Olive St, Hesperia, CA 92345
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    • Contact for pricing

      Charming Two-Unit Property in Hesperia

      Two buildings, each with 2 beds and 2 baths.
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      Hesperia Triplex with Garages

      Triplex in Hesperia with individual garages and backyards.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Main Street

      Retail space available on Hesperia's Main Street retail corridor.
      14101 Main St, Hesperia, CA 92345
      View Details
    • Contact for pricing

      Retail Space in Hesperia Marketplace

      Retail space with high visibility in a busy commercial corridor.
      15555 Main St, Hesperia, CA 92345
      View Details
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    Hesperia, CA 92345-7959
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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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