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    21834 Bear Vly Rd Apple Valley, CA 92308-7207
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    Property profile & analytics

    21834 Bear Vly Rd, Apple Valley, CA 92308-7207

    View on Map
    • Retail space
    • 5,797 SF
    • 1.47 lot acres
    Off-Market
    Last Sale Aug 24, 2020
    $800,000
    Property ID
    US10-1497203
    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
    $965,000
    Show details
    Cap Rate Potential
    8.2%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Christensen Brothers General Engineering, Inc. / Construction Company

    Property Details for 21834 Bear Vly Rd

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.47 lot acres
    Property type
    Retail space
    APN
    3087-531-19-0000
    APU
    3087531190000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 24, 2020 $800,000 Caleb I Christensen Barron Barler Grant Deed $500k · Barron & Stacia Barler
    Aug 24, 2020 — Seth O Christensen Valarie Christensen Quit Claim Deed · related —
    Mar 17, 2020 $55,000 Barron Barler Michael Henderson Quit Claim Deed · related —
    Nov 9, 2018 — Michael Henderson — Deed · related —
    Nov 3, 2015 $558,500 Michael Henderson Westech Industries INC Grant Deed $450k · Private Individual
    Mar 12, 2003 — Westech Industries Lahabra Products Grant Deed · related —
    Oct 7, 1999 $395,000 Westech Industries INC La Habra Products INC Grant Deed $395k · Sun Country Bank
    Mar 17, 1989 — La Habra Product Bear Valley Mate Quit Claim Deed · related —
    Mar 17, 1989 $564,000 La Habra Product Roseth M H Trustees Deed · related —
    — — Michael Henderson — Deed Of Trust · related —
    — — Dennis C Rieger — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,010,000
      ML approach
      $1,120,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,385,000
      6.5%
      $1,280,000
      7%
      $1,185,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,094,000
      Market price range: $661k - $2.06M
      AI Estimate
      $634,000
      Market price range: $330k - $1.01M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,290,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,560,000
      Change: +21% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,540,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    San Bernardino
    State
    California
    Longitude
    -117.187
    Latitude
    34.4726
    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
    $7,415
    $281,220
    $339,587
    $620,807
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
      3,750 SF

      13535 John Glenn Rd

      RETAIL STORES (PERSONAL SERVICES)
      13535 John Glenn Rd, Apple Valley, CA 92308-6518
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    • Value Estimation by Request
      756 SF

      13579 Nomwaket Rd

      RETAIL STORES (PERSONAL SERVICES)
      13579 Nomwaket Rd, Apple Valley, CA 92308-6549
      View Details
    • Value Estimation by Request
      1,410 SF

      21560 Bear Vly Rd

      RETAIL STORES (PERSONAL SERVICES)
      21560 Bear Vly Rd, Apple Valley, CA 92308-5506
      View Details
    • Value Estimation
      $1,005,000
      4,720 SF

      21530 Bear Vly Rd

      RETAIL STORES (PERSONAL SERVICES)
      21530 Bear Vly Rd, Apple Valley, CA 92308-5545
      View Details
    • Value Estimation
      $3,910,000
      20,012 SF

      19201 Bear Vly Rd Ste A

      RETAIL STORES (PERSONAL SERVICES)
      19201 Bear Vly Rd Ste A, Apple Valley, CA 92308-2704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      55,000 SF

      Apple Valley Retail Space ForSale

      Retail space available for sale in Apple Valley, CA.
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      52,000 SF

      Unfinished Commercial Center in Apple Valley

      High-traffic commercial center with multiple buildings in various stages of completion.
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      Apple Valley Commercial Portfolio

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      Unfinished Commercial Property in Apple Valley

      Unfinished commercial property on 11 acres in Apple Valley.
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    • $6,500,000
      52,000 SF

      Apple Valley Commercial Development Opportunity

      Value-add commercial project in a rapidly developing area.
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    • Contact for pricing
      9,042 SF

      Retail Property on Bear Valley

      Retail space available on Bear Valley Road in Apple Valley.
      19388 Bear Valley Rd, Apple Valley, CA 92308
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    Similar Nearby for Lease

    • Contact for pricing
      5,390 SF

      Retail Space in Apple Valley

      Retail units available in high-visibility Apple Valley location.
      20786 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • Contact for pricing

      Versatile Commercial Property in Apple Valley

      Fenced 0.71-acre lot with office, storage, and parking.
      13519 John Glenn Rd, Apple Valley, CA 92308
      View Details
    • Contact for pricing

      Retail Spaces on Heavy Traveled Road

      Retail units available in high-visibility location.
      20786 Bear Valley Rd, Apple Valley, CA 92308
      View Details
    • Contact for pricing

      Premium Office Space Available

      Nearly 3,000 sq. ft. office space in Apple Valley.
      19341 Bear Valley Rd, Apple Valley, CA 92308
      View Details
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    Apple Valley, CA 92308-7207
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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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