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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20220 Serrano Rd Apple Valley, CA 92307-6125

    • Apartment buildings
    • 3,640 SF
    • 0.39 lot acres
    OFF-MARKET
    Last Sale
    Jun 14, 2023
    $900,000
    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    2.7%
    Apartment buildings
    Location Intelligence
    Property ID
    US10-1553605
    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.

    Current Use by Public Records

    • PVM / Auto Repair Shop

    Property Details for 20220 Serrano Rd

    Year built
    1954
    Construction
    WOOD FRAME
    Lot size
    0.39 lot acres
    Property size
    3,640 SF
    Property type
    Apartment buildings
    APN
    0441-231-09-0000
    APU
    441231090000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,205,000
      ML approach
      $1,140,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $955,000
      Market price range: $551k - $956k
      AI Estimate
      $557,000
      Market price range: $211k - $558k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $785,000
      Current use
      AUTO REPAIR, GARAGE
      $1,110,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $1,055,000
      Change: +34% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $980,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $965,000
      Change: +23% Conversion: Moderate
      WAREHOUSE, STORAGE
      $930,000
      Change: +18% Conversion: Difficult
      RETAIL STORES
      $810,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.223
    Latitude
    34.534
    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
    $8,941
    $102,000
    $816,000
    $918,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,700,000
      11,597 SF

      16138 Kamana Rd

      APARTMENT HOUSE (5+ UNITS) • 11,597 SF
      16138 Kamana Rd, Apple Valley, CA 92307-1327
      View Details
    • Value Estimation
      $1,275,000
      8,764 SF

      16102 Muni Rd

      APARTMENT HOUSE (5+ UNITS) • 8,764 SF
      16102 Muni Rd, Apple Valley, CA 92307-7835
      View Details
    • Value Estimation
      $2,240,000
      18,076 SF

      15815 Potomac Rd

      APARTMENT HOUSE (5+ UNITS) • 18,076 SF
      15815 Potomac Rd, Apple Valley, CA 92307-2153
      View Details
    • Value Estimation
      $1,135,000
      6,719 SF

      19211 Us Hwy 18

      APARTMENT HOUSE (5+ UNITS) • 6,719 SF
      19211 Us Hwy 18, Apple Valley, CA 92307-2633
      View Details
    • Value Estimation by Request
      23,826 SF

      15774 Tuscola Rd

      Multifamily properties • 23,826 SF
      15774 Tuscola Rd, Apple Valley, CA 92307
      View Details
    • Value Estimation
      $735,000
      5,752 SF

      20138 Carlisle Rd

      APARTMENT HOUSE (5+ UNITS) • 5,752 SF
      20138 Carlisle Rd, Apple Valley, CA 92307-6211
      View Details

    Similar Nearby for Sale

    • $949,500
      3,388 SF

      Apple Valley Multifamily Investment

      Four-unit apartment building, strong NOI.
      16247 Viho Rd, Apple Valley, CA 92307
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      Apple Valley Multifamily Investment

      Six-unit apartment building, high ROI.
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    • $2,100,000

      Apple Valley Multifamily Investment Opportunity

      Well-maintained 10-unit apartment complex near St. Mary's Medical Center.
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    • $899,000
      3,760 SF

      Apple Valley Multifamily Investment Property

      Well-maintained 6-unit apartment complex on 1.3 acres in Apple Valley.
      26650 Jasma Dr, Apple Valley, CA 92307
      View Details
    • $2,100,000
      Pending

      Mixed-Use Property in Apple Valley

      Commercial and residential property for sale in Apple Valley, CA.
      16377 Wato Rd, Apple Valley, CA 92307
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    • $134,900
      1,248 SF

      Customized Mobile Home with Upgrades

      Move-in ready 3-bedroom mobile home with resort-style amenities.
      20683 Waalew Rd, Apple Valley, CA 92307
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    Similar Nearby for Lease

    • Contact for pricing
      87,991 SF

      Apple Valley Commercial Land for Sale/Lease

      Prime Commercial Land, Apple Valley, CA
      18 And Navajo Rd, Apple Valley, CA 92307
      View Details
    • $1.00 SF/Yr
      15,042 SF

      Versatile Space for Healthcare Providers

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

      Apple Valley Specialty Property

      Specialty property available for rent in Apple Valley, CA.
      19031 230, Apple Valley, CA 92307
      View Details
    • Contact for pricing
      4,998 SF

      Retail Space on Highway 18

      Inline retail space in a high-traffic shopping center.
      20226 Us Highway 18, Apple Valley, CA 92307
      View Details
    • Contact for pricing

      Apple Valley Specialty Property

      Specialty property available for rent in Apple Valley.
      19031 220, Apple Valley, CA 92307
      View Details
    • Contact for pricing

      Multi-Tenant Office/Retail Space Available

      Multi-tenant office/retail space available along Highway 18.
      17993 Us Highway 18, Apple Valley, CA 92307
      View Details
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    Apple Valley, CA 92307-6125
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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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