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    18737 Us Hwy 18th 1st Ste, Unit 1 Apple Valley, CA 92307-2311
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    Property profile & analytics

    18737 Us Hwy 18th 1st Ste, Unit 1, Apple Valley, CA 92307-2311

    View on Map
    • Industrial properties
    • 18,120 SF
    • 2.23 lot acres
    Off-Market
    Last Sale Jul 30, 2021
    $2,000,000
    Property ID
    US10-1329712
    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
    $2,305,000
    Show details
    Cap Rate Potential
    6.4%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 18737 Us Hwy 18th 1st Ste

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    2.23 lot acres
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    0473-082-33-0000
    APU
    473082330000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 10, 2021 — Standard Insurance Company Brent W Ducoing Assignment Of Lease (leasehold Sale) $1.9M · Standard Insurance Co
    Jul 30, 2021 $2,000,000 Brent W Ducoing Avm Properties LLC Grant Deed $100k · Farmers & Merchants Bank Of Long Be
    Jan 10, 2017 — Avm Properties LLC — Deed · related $450k · Bank Of The West
    Jun 1, 2004 — Avm Properties LLC Medical Martkerplace INC Grant Deed $600k · Bank Of America
    Mar 5, 2003 $363,500 Medical Marketplace INC Sunrise Knolls Ltd Grant Deed · related $248k · Sunrise Knolls Ltd
    — — Sunrise Knolls Ltd — Deed Of Trust · related $380k · Dunfee Land Co
    — — Avm Properties LLC — Deed Of Trust · related $450k · Bank Of The West
    — — Avm Properties LLC — Deed Of Trust · related $203k · Bank Of The West
    — — Avm Properties LLC — Deed Of Trust · related $355k · Bank Of The West

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,340,000
      ML approach
      $2,370,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,480,000
      6.5%
      $2,290,000
      7%
      $2,125,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,224,000
      Market price range: $701k - $4.52M

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

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.256
    Latitude
    34.537
    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
    2024
    $23,694
    $624,240
    $1,456,560
    $2,080,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,750 SF

      22565 Us Hwy 18

      INDUSTRIAL LOFT BUILDING
      22565 Us Hwy 18, Apple Valley, CA 92307-4315
      View Details
    • Value Estimation
      $1,195,000
      15,000 SF

      13987 Pioneer Rd

      INDUSTRIAL LOFT BUILDING
      13987 Pioneer Rd, Apple Valley, CA 92307-4359
      View Details
    • Value Estimation
      $745,000
      10,000 SF

      13845 Pioneer Rd

      INDUSTRIAL LOFT BUILDING
      13845 Pioneer Rd, Apple Valley, CA 92307-4358
      View Details
    • Value Estimation
      $965,000
      12,500 SF

      14015 Pioneer Rd

      INDUSTRIAL LOFT BUILDING
      14015 Pioneer Rd, Apple Valley, CA 92307-4360
      View Details
    • Value Estimation by Request
      17,600 SF

      19378 Central Rd

      Distribution properties
      19378 Central Rd, Apple Valley, CA 92307
      View Details
    • Value Estimation by Request
      9.02 Acres

      Burbank Ave

      Land
      0 Burbank Ave, Apple Valley, CA 92307
      View Details

    Similar Nearby for Sale

    • $375,000

      Apple Valley Industrial Land

      5.11 Acres, Prime Location
      0 Needham Ave, Apple Valley, CA 92307
      View Details
    • $4,369,060
      20.06 Acres

      ±20.06 Acres Dakota Rd

      Land
      0 ±20.06 Acres Dakota Rd, Apple Valley, CA 92307
      View Details
    • Contact for pricing
      29,615 SF

      Industrial Facility in Apple Valley

      29,615 SF industrial facility in a high-growth market.
      21284 Corwin Rd, Apple Valley, CA 92307
      View Details
    • Contact for pricing
      1,368,480 SF

      Apple Valley Logistics Center

      Free-standing distribution center with high ceilings and ample parking.
      SW Of Flint Rd And Quarry Rd, Apple Valley, CA 92307
      View Details
    • Contact for pricing
      1,468,480 SF

      Apple Valley Industrial Distribution Center

      Large industrial building in Apple Valley with extensive loading docks.
      SW Of Navajo Rd And Cardova Rd, Apple Valley, CA 92307
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,847,530 SF

      Industrial Space in Master Planned Project

      Large industrial space available for lease in Apple Valley, CA.
      Navajo Rd, Apple Valley, CA 92307
      View Details
    • Contact for pricing
      687,200 SF

      Industrial Park Build-to-Suit Opportunity

      Industrial park with freeway frontage and auto parking.
      15 And Stoddard Wl, Apple Valley, CA 92307
      View Details
    • Contact for pricing
      1,080,078 SF

      Apple Valley Distribution Facility

      1,080,078 SF distribution facility available for rent.
      NE Of Central Rd And Johnson Rd, Apple Valley, CA 92307
      View Details
    • Contact for pricing
      528,300 SF

      Industrial Park Build-to-Suit Opportunity

      615,000 SF build-to-suit opportunity in a 2.6M SF park.
      15 And Stoddard Wl, Apple Valley, CA 92307
      View Details
    • Contact for pricing

      Retail Space on US Highway

      Retail space available for rent on US Highway 18.
      20250 Us Highway 18, Apple Valley, CA 92307
      View Details
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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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