This exceptional 6,000 square foot commercial property, located at 14433 7th Street in Victorville, California (zip code 92395), presents a lucrative investment opportunity. Situated directly on historic Route 66, this property boasts high traffic counts, ensuring excellent visibility and accessibility for any business. Currently, the property features two occupied units generating a consistent cash flow, with one additional unit available for lease. The strong, long-term tenants provide a stable income stream. Zoned C2, the property is ideal for a variety of retail or office uses. Its prime location is further enhanced by its adjacency to Pep Boys and proximity to Greentree Boulevard, now conveniently connected to Apple Valley via a new bridge. The exterior of the building is currently undergoing a fresh coat of paint, enhancing its curb appeal. This is a rare chance to acquire a well-established, income-producing property in a high-growth area of San Bernardino County. The asking price is $1,200,000. Don't miss this opportunity to capitalize on the vibrant commercial landscape of Victorville.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,567,870
6.5%
$1,447,260
7%
$1,343,890
Comparable approach
Method
Valuation
Relative Method
$974,791
Geo Method
$1,186,600
Alternative Use
Use
Valuation
Industrial / Distribution
$2,785,100
Mixed-Use / Specialty
$1,457,130
Hospitality / Lodging
$1,088,620
Office
$1,464,140
Institutional / Educational
$1,520,210
Residential Income
$1,778,640
Multifamily
$2,049,870
Automotive / Energy
$1,303,030
Parking / Income-Based Land
$434,809
Restaurant / Food Service
$789,949
Healthcare / Senior Housing
$1,478,850
Location Insight
City
Victorville
County
San Bernardino
State
California
Latitude
34.5131
Longitude
-117.316
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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7Th St Victorville, CA 92395
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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