18930 US Highway 18
5,258 SF Office Building Apple Valley, CA 92307 $710,000 ($135/SF) 5.51% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy daytime traffic
- Signalized corner
EXECUTIVE SUMMARY
Price reduction! MOTIVATED SELLER! Excellent location at a signalized corner off of Hwy 18 in Apple Valley. Currently 75% occupied with 1575 sq ft. available for an owner/user or to lease out. Current tenants include a long-term tax service, medical transportation, counseling, and a hair salon. New floors in three units, upgraded roof, and the AC has been regularly serviced. Great opportunity for passive income or a more hands-on investment. Brochure will be posted soon, financials upon request.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,258 SF
Building Class
C
Year Built
1988
Price
$710,000
Price Per SF
$135
Cap Rate
5.51%
NOI
$39,100
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,200 SF
Slab To Slab
10’
Building FAR
0.27
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
12 Spaces (2.28 Spaces per 1,000 SF Leased)
AMENITIES
- Central Heating
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
1,575 SF office space for lease.
- 1st Fl-Ste 105
- 500 SF
- Retail
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 102 | 1,575 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 105 | 500 SF | Retail | - | Now |
1st Fl-Ste 102
| Size |
| 1,575 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 105
| Size |
| 500 SF |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 0473-037-18 | Improvements Assessment | $416,160 |
| Land Assessment | $187,272 | Total Assessment | $603,432 |
