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16424 Victor St 5,376 SF Vacant Retail Building Victorville, CA 92395 $957,061 CAD ($178.02 CAD/SF) 6.76% Cap Rate
Investment Highlights
- Fully remodeled commercial building with upgraded systems and security features.
- Convenient access to I-15 and proximity to major retail and service anchors.
- Functional layout with open space, private offices, and ADA-compliant restrooms.
- NNN lease in place through March 2030 with scheduled annual rent increases.
- Recent improvements include new roof, asphalt parking, and modern HVAC systems.
- Strong regional growth and pro-business environment support long-term value.
Executive Summary
Offered at $700,000, this remodeled commercial property in Downtown Victorville presents an excellent investment opportunity with a secure NNN lease in place through March 2030. The ±5,376 SF building sits on ±0.28 acres and features a highly functional layout, including a large open area, two private offices, two ADA-compliant restrooms, and a utility room. Recent upgrades include a new flat torch roof, new asphalt parking for 11 vehicles, and enhanced building systems such as sprinklers, fire strobe system, security cameras, and 400-amp electrical service with subpanels. Four 4-ton HVAC units ensure efficient climate control. Located near major anchors and with easy access to I-15, the property benefits from strong regional growth and a pro-business environment. With a current tenant in place and annual rent escalations, this asset offers stable income and long-term upside in a thriving High Desert market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,376 SF
Building Class
C
Year Built
1970
Price
$957,061 CAD
Price Per SF
$178.02 CAD
Cap Rate
6.76%
NOI
$64,715 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
MU-2 - Mixed Use
Parking
20 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
144’ on Victor St
Amenities
- Corner Lot
- Air Conditioning
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0477-133-22 | Improvements Assessment | $328,303 CAD |
| Land Assessment | $111,922 CAD | Total Assessment | $440,225 CAD |
Property Taxes
Parcel Number
0477-133-22
Land Assessment
$111,922 CAD
Improvements Assessment
$328,303 CAD
Total Assessment
$440,225 CAD
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16424 Victor St
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