16990 Bear Valley RdVictorville, CA 92395

Property Details for 16990 Bear Valley Rd

Year built

1987

Construction

WOOD FRAME

Lot size

0.65 AC

Property size (Sq ft)

6,049 SF

Property type

Banks

APN

3091-251-14-0000

APU

3091251140000

Description

This exceptional В±6,094 square foot retail building presents a unique investment opportunity in Victorville, CA. Situated on a В±0.65-acre lot at the signalized intersection of Bear Valley Road and Hesperia Road, this property benefits from exceptional visibility and accessibility. Bear Valley Road serves as a major east-west thoroughfare connecting Victorville, Hesperia, and Apple Valley, resulting in an estimated daily traffic count of approximately 45,918 vehicles. The building's previous use as a bank highlights its suitability for a variety of commercial and professional uses, including but not limited to financial services, medical facilities, legal offices, or retail establishments. Ample parking is available, ensuring convenient access for customers and employees. This location within a larger neighborhood retail center offers a strong presence in a thriving, high-traffic area of a growing market. The property's central location within the region makes it an ideal choice for businesses seeking maximum exposure and convenient access for a wide customer base. Prospective buyers are responsible for verifying all aspects of the property and its permitted uses prior to purchase.

• CAP approach

  CAP return

  Valuation

  6%

  $2,074,127

  6.5%

  $1,914,578

  7%

  $1,777,823

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,381,284

  Geo Method

  $2,909,208

• Alternative Use

  Use

  Valuation

  Residential

  $1,615,018

  Hospitality

  $1,479,348

  Educational

  $1,230,800

  Medical

  $1,273,130

  Retail

  $1,914,578

Location Insight

City

Victorville

County

San Bernardino

State

California

Latitude

34.4713

Longitude

-117.292

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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