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Property profile & analytics
FOR SALE
Retail space
22092 Us Highway 18 Apple Valley, CA 92307
Entity Owned
3-yr Hold
Free & Clear
Property ID
US10-1485967
For Sale
1 / 71
$3,250,000
22092 Us Highway 18, Apple Valley, CA 92307
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Property summary
AI-generated overview
This exceptional 38,215 square foot special purpose property, located at 22092 US Highway 18 in Apple Valley, CA 92307, presents a unique investment opportunity. Built in 1989 and renovated in 2021, this property boasts ten single-story buildings situated on a 135,656 square foot lot (APN: 3112-651-23). The property is zoned SP and offers a diverse range of spaces, including 588 square feet of office space, 820 square feet of new bathrooms, a 1,208 square foot bar, a 7,670 square foot event center, 9,016 square feet of vendor booths, two retail shops totaling 7,678 square feet, and an 11,438 square foot warehouse. Existing plans are available for a 6,612 square foot brewery and additional restrooms, offering significant expansion potential. The asking price is $3,250,000 ($85.05 per square foot). This property is ideally situated on a prime retail strip in Apple Valley's Old Town, ensuring high visibility and foot traffic. The property has a Certificate of Occupancy. Owner financing is available. This is an unparalleled chance to acquire a versatile and established event center with substantial growth opportunities in a thriving community.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
WOOD FRAME
Total area
17,720 SF
Lot
3.11 ac (135,656 SF)
APN
3112-651-23-0000
UPID
US10-1485967
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$880k
Owner & transaction history
Sunset Hills Mortuary INC · 3 yrs held
Sunset Hills Mortuary INC
since 2022
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Apple Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apple Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$870,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $875k (Dec 20 2022)
Last sale anchor
$875k
Dec 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$50 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,079
Tax year 2023
Assessed value
$1,040,400
Assessed 2024
Previous assessed
$1,443,970
-27.9% YoY
Effective rate
1.55%
On assessed value
Assessed land
$413,100
Assessed improvement
$627,300
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1977
Construction
WOOD FRAME
Heating
NONE
Units
1
Rooms
6
Bathrooms
2
Total area
17,720 SF
Lot
3.11 ac (135,656 SF)
APN
3112-651-23-0000
UPID
US10-1485967
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Construction
WOOD FRAME
Heating
NONE
Units
1
Rooms
6
Bathrooms
2
Lot
3.11 ac
Current owner
From public records · entity-resolved
Sunset Hills Mortuary INC
Entity
Free & Clear · 3 yrs held
Mailing address
22092 US HWY 18, APPLE VALLEY, CA 92307-3971
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
$875,000
Sunset Hills Mortuary INC
Lin Zhang Meng
Grant Deed
—
Sep 23, 2013
—
Zhang Family Trust
Zhang,meng L
Quit Claim Deed
related
—
Jan 26, 2010
$950,000
Meng L Zhang
Barr Lumber Co INC
Grant Deed
—
Jan 26, 2010
—
Meng L Zhang
Sun,xiaoling
Grant Deed
related
—
Feb 1, 1996
$711,500
Barr Lumber Co INC
Homestead Supplies INC
Grant Deed
—
—
—
Suppli Homestead
—
Deed Of Trust
related
$1,605,000 · Wells Fargo Bank
—
—
Barr Lumber Co INC
—
Deed Of Trust
related
$500,000 · Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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