17229 Lemon St, Hesperia, CA 92345-8327
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.
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High Desert Auto & RV Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.