18825 Bear Valley RdApple Valley, CA 92308

Property Details for 18825 Bear Valley Rd

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.10 AC

Property size (Sq ft)

42,082 SF

Property type

Individual retail properties

APN

0399-271-05-0000

APU

399271050000

Description

This 2,868-square-foot retail space, located at 18825 Bear Valley Road in Apple Valley, California (zip code 92308), is situated within an existing and operating 24 Hour Fitness gym. Ideal for a variety of health and wellness businesses, including but not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense, physical therapy, sports rehabilitation therapy, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services, health diagnostic screening and testing, and the sale of related products and apparel. The space is a single-tenant occupancy within the San Bernardino County Inland Empire submarket. Prospective tenants should note that food and beverage preparation on-site, pole dancing classes, and uses requiring significant construction or utility upgrades are not permitted. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). This exceptional opportunity is perfect for businesses seeking a turnkey location within a thriving fitness environment. The property is in the Apple Valley submarket cluster.

• CAP approach

  CAP return

  Valuation

  6%

  $10,996,500

  6.5%

  $10,150,600

  7%

  $9,425,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,836,860

  Geo Method

  $10,807,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $19,533,800

  Mixed-Use / Specialty

  $10,219,900

  Hospitality / Lodging

  $7,635,250

  Office

  $10,269,000

  Institutional / Educational

  $10,662,200

  Residential Income

  $12,474,800

  Multifamily

  $14,377,100

  Automotive / Energy

  $9,139,040

  Parking / Income-Based Land

  $3,049,610

  Restaurant / Food Service

  $5,540,440

  Healthcare / Senior Housing

  $10,372,200

Location Insight

City

Apple Valley

County

San Bernardino

State

California

Latitude

34.4686

Longitude

-117.252

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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