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    16970 Bear Vly Rd Victorville, CA 92395-5817
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    Property profile & analytics

    16970 Bear Vly Rd, Victorville, CA 92395-5817

    View on Map
    • Strip malls
    • 0.58 lot acres
    Off-Market
    Property ID
    US10-0980309
    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

    • Goodwill Southern California Store & Donation Center / Charitable Organization / Social Service Agency

    Property Details for 16970 Bear Vly Rd

    Year built
    1986
    Construction
    WOOD FRAME
    Lot size
    0.58 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    3091-251-06-0000
    APU
    3091251060000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2024 — Farsai Victorville 2 LLC — Deed · related $9.6M · Standard Insurance Co
    Dec 11, 2019 $15,800,000 Farsai Victorville 2 LLC Hi Desert Plaza LLC Grant Deed —
    Dec 23, 2014 — Hi Desert Plaza LLC Victor Valley Plaza Co Quit Claim Deed · related $11M · Cantor Com'l R/e Lndg
    Dec 18, 2014 — Victor Valley Plaza Co Hi Desert Plaza LLC Quit Claim Deed · related —
    Dec 17, 2014 — Hi Desert Plaza LLC Victor Valley Plaza Co Quit Claim Deed —
    May 31, 2005 — Victor Valley Plaza Co Victor Valley Plaza Quit Claim Deed · related —

    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
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.293
    Latitude
    34.4713
    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
    $19,783
    $428,881
    $1,233,032
    $1,661,913
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $905,000
      5,082 SF

      15610 Bear Vly Rd

      SHOPPING CENTER, STRIP CENTER
      15610 Bear Vly Rd, Victorville, CA 92395-8822
      View Details
    • Value Estimation
      $975,000
      10,275 SF

      15356 La Paz Dr

      SHOPPING CENTER, STRIP CENTER
      15356 La Paz Dr, Victorville, CA 92395-3680
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    • Value Estimation
      $1,550,000
      7,200 SF

      12249 Hesperia Rd

      SHOPPING CENTER, STRIP CENTER
      12249 Hesperia Rd, Victorville, CA 92395-8313
      View Details
    • Value Estimation
      $1,255,000
      13,378 SF

      15215 7th St

      SHOPPING CENTER, STRIP CENTER
      15215 7th St, Victorville, CA 92395-3855
      View Details
    • Value Estimation
      $715,000
      4,847 SF

      12120 Ridgecrest Rd

      SHOPPING CENTER, STRIP CENTER
      12120 Ridgecrest Rd, Victorville, CA 92395-5904
      View Details
    • Value Estimation by Request
      24,361 SF

      17100 Bear Valley Rd

      Neighborhood centers
      17100 Bear Valley Rd, Victorville, CA 92395
      View Details

    Similar Nearby for Sale

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      6,000 SF

      Multi-Tenant Retail Center For Sale

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      Multi-Tenant Retail Center For Sale

      Multi-tenant retail center with established tenants and high visibility.
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    • $5,199,000
      7,500 SF

      Retail Investment Opportunity in Victorville

      Four-unit retail property with national tenants in Victorville, CA.
      17080 Bear Valley Rd, Victorville, CA 92395
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    • $5,199,000

      Stabilized Retail Investment Opportunity

      Four-unit retail property with national tenants in Victorville, CA.
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    Similar Nearby for Lease

    • $1,550 /Mo

      Retail Spaces in Green Tree Plaza

      Retail spaces for lease in multi-tenant Green Tree Plaza.
      13728 Hesperia Rd, Victorville, CA 92395
      View Details
    • Contact for pricing
      11,730 SF

      Retail Spaces in Victorville Available

      Retail spaces available from 780 to 8,570 square feet.
      14514-14598 7Th St, Victorville, CA 92395
      View Details
    • Contact for pricing
      30,000 SF

      New Development with Highway Frontage

      New retail development with spaces for lease and highway frontage.
      395 & Bear Vly Rd, Victorville, CA 92395
      View Details
    • $4,950 /Mo

      Retail Shopping Center Storefront

      Anchored shopping center with available storefront suites featuring office buildout and open floor plan options.
      17100 Bear Valley Rd, Victorville, CA 92395
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    • $6,188 /Mo

      Retail Space in Victorville Center

      Retail spaces available in multi-tenant shopping center anchored by Vons.
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    Victorville, CA 92395-5817
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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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    16970 Bear Vly Rd, Victorville, CA, 92395
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