17229 Lemon St Hesperia, CA 92345
- Industrial properties
- 102,120 SF
- 11.00 lot acres
Current Use by Public Records
- Lead Masters Inc / Manufacturer / Embroidery Service
- Davis Plumbing & Mechanical / Plumber
- U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
- Custom Stitch Upholstery / Upholstery Shop
- High Desert Auto & RV / Brake Shop / Engine Rebuilding Service
Property Details for 17229 Lemon St
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 11.00 lot acres
- Property size
- 102,120 SF
- Property type
- Industrial properties
- Property subtype
- Loft space
- APN
- 0410-021-45-0000
- APU
- 410021450000
Description
This exceptional investment opportunity presents a six-building, multi-tenant industrial condo complex situated on an expansive 11-acre lot in San Bernardino County. The property, identified by APN 0410-021-45-0000, boasts a total of 102,120 square feet of space, divided into 48 individual suites. Constructed in 1986, the complex features single-story concrete tilt-up construction, reflecting durable and low-maintenance design. Each unit offers a versatile layout, combining warehouse space with a small office and restroom, averaging approximately 3,200 square feet. Units E4 and E5 offer the possibility of combination, creating a larger 6,400 square foot space. The property is zoned for industrial loft building use, providing flexibility for a variety of businesses. Current leasing rates are $1.25 per square foot per month, plus $0.10 per square foot in NNN fees. Long-term leases (3-5 years) are preferred. Available units will become available as existing tenants vacate. This property represents a strong value proposition for investors seeking a well-maintained, multi-tenant industrial complex in a desirable location. Please note that disturbing existing tenants is not permitted.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $10,410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,655,000
- 6.5%
- $8,380,000
- 7%
- $8,390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,060,000
- Geo Method
- $8,425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $9,110,000
- Retail
- $7,635,000
- Mixed-Use
- $8,820,000
- Hospitality
- $8,195,000
- Educational
- $8,610,000
- Residential Income
- $7,970,000
- Energy
- $8,590,000
- Income-Based Land
- $7,330,000
- Food Service
- $9,305,000
Location Insight
- Map
- Local Demand
- City
- Hesperia
- County
- San Bernardino
- State
- California
- Longitude
- -117.287
- Latitude
- 34.4418
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
