16424 Victor StVictorville, CA 92395-3918

Property Details for 16424 Victor St

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.28 AC

Property size (Sq ft)

5,376 SF

Property type

Retail properties

Property subtype

Retail space

APN

0477-133-22-0000

APU

477133220000

Description

This 5,376 square foot, single-story office building in Victorville, CA, is available for $580,000. Built in 1970, the property sits on a 0.28-acre lot and features 17 parking spaces (buyer to verify). The building has recently undergone a complete remodel, including new restrooms and flooring. A dividing wall has been removed to create a large open space, suitable for a single tenant or easily divisible for multiple occupants. The property includes two offices, a storage room, and two restrooms. Ceiling height is 10' 9", and fire sprinklers are installed throughout. The property's zoning has been updated to MU-2 (High Density Mixed Use) by the City of Victorville, allowing for potential residential conversion (buyer to verify specifics with the city). Located at 16424 Victor St #Ste 1, 92395-3918, this high-traffic location is approximately 125 feet east of 7th Street, on the northwest corner of Victor Street & Circle Drive, near several commercial businesses and proposed new developments. A current loan of $375,000 may be assumable by a qualified buyer, with the seller potentially carrying a portion of the remaining balance. All offers will be considered. APN: 0477-133-22.

• CAP approach

  CAP return

  Valuation

  6%

  $1,843,363

  6.5%

  $1,701,566

  7%

  $1,580,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,116,347

  Geo Method

  $2,576,196

• Alternative Use

  Use

  Valuation

  Residential

  $1,435,335

  Hospitality

  $1,314,759

  Educational

  $1,093,864

  Medical

  $1,131,484

  Retail

  $1,701,566

Location Insight

City

Victorville

County

San Bernardino

State

California

Latitude

34.5224

Longitude

-117.306

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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