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    17768 Wika Rd Apple Valley, CA 92307-1200

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    17768 Wika Rd Apple Valley, CA 92307-1200

    View on Map
    • Medical Office Space
    • 5,965 SF
    • 1.27 lot acres
    Off-Market
    Property ID
    US10-1484418
    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
    $1,315,000
    Show details
    Cap Rate Potential
    9.2%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Apple Valley Dental / Dental Office
    • Root 66 Endodontics / Dental Office
    • Moody Law / Law Firm
    • Optimum Audiology / Physician
    • Sreekanth Ganapavarapu / Physician

    Property Details for 17768 Wika Rd

    Year built
    2016
    Construction
    WOOD
    Lot size
    1.27 lot acres
    Property size
    5,965 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0473-441-05-0000
    APU
    473441050000

    Description

    This exceptional 888-square-foot office space in Apple Valley, CA, presents a unique opportunity for discerning professionals. Located at 17768 Wika, within San Bernardino County, this single-tenant property offers a sophisticated and functional workspace, perfect for medical specialists or other professionals seeking a refined environment. The property is move-in ready, boasting a high-end build-out and an intelligently optimized layout designed to maximize productivity and collaboration. The sleek finishes and turnkey nature of the space eliminate the need for extensive renovations, allowing you to focus on your business from day one. The property is classified as both office and land, offering potential for future expansion or development. This single-suite building provides privacy and control, making it an ideal location for businesses seeking a professional and efficient workspace. Situated in the 92307 zip code of Apple Valley, California, this property offers easy access to local amenities and transportation. Don't miss this chance to establish your business in a premium, ready-to-occupy office space. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,326,000
      Market price range: $411k - $1.33M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,725,000
      Current use
      AUTO REPAIR, GARAGE
      $1,815,000
      Change: +5% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,605,000
      Change: -7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,585,000
      Change: -8% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,520,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.276
    Latitude
    34.5402
    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
    $29,345
    $306,354
    $3,251,412
    $3,557,766
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $800,000
      0.24 Acres

      16139 Kamana Rd

      MEDICAL BUILDING • 0.24 Acres
      16139 Kamana Rd, Apple Valley, CA 92307
      View Details
    • Value Estimation
      $1,680,000
      3,400 SF

      16177 Kamana Rd

      MEDICAL BUILDING • 3,400 SF
      16177 Kamana Rd, Apple Valley, CA 92307-1377
      View Details
    • Value Estimation
      $1,230,000
      5,490 SF

      18660 Us Hwy 18

      MEDICAL BUILDING • 5,490 SF
      18660 Us Hwy 18, Apple Valley, CA 92307-2316
      View Details
    • Value Estimation by Request
      0.44 Acres

      18495 Corwin Rd

      MEDICAL BUILDING • 0.44 Acres
      18495 Corwin Rd, Apple Valley, CA 92307
      View Details
    • Value Estimation
      $760,000
      4,362 SF

      15998 Quantico Rd

      MEDICAL BUILDING • 4,362 SF
      15998 Quantico Rd, Apple Valley, CA 92307-0838
      View Details
    • Value Estimation by Request
      3,426 SF

      16041 Kamana Rd

      MEDICAL BUILDING • 3,426 SF
      16041 Kamana Rd, Apple Valley, CA 92307-1331
      View Details

    Similar Nearby for Sale

    • $1,793,000
      9,295 SF

      Apple Valley Medical Center Opportunity

      Centrally located medical building near St. Mary Medical Center.
      18056 Wika Rd, Apple Valley, CA 92307
      View Details
    • $1,250,000
      9,920 SF

      Multi-Tenant Commercial Investment Opportunity

      Multi-tenant property on Highway 18 in Apple Valley, CA.
      22749 Us Highway 18, Apple Valley, CA 92307
      View Details
    • $349,000

      Renovated Commercial Building For Sale

      Meticulously renovated commercial building with modern workspace and dynamic floor plan.
      21948 Us Highway 18, Apple Valley, CA 92307
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Versatile Space for Healthcare Providers

      Well-maintained 3,000 SF suite ideal for healthcare or professional offices.
      18031 Us Highway 18, Apple Valley, CA 92307
      View Details
    • Contact for pricing

      Apple Valley Office Space Available

      Two-story office building near St. Mary’s Medical Center.
      15099 Kamana Rd, Apple Valley, CA 92307
      View Details
    • $2,400 /Mo
      1,400 SF

      Medical Office Space Near Hospital

      High-visibility medical office space near St. Mary Medical Center.
      18092 Wika Rd, Apple Valley, CA 92307
      View Details
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    Apple Valley, CA 92307-1200
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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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    17768 Wika Rd, Apple Valley, CA, 92307

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