Apple Valley, California, offers a unique opportunity for investors to capitalize on the growing demand for retail properties. With a population of approximately 75,000 residents, Apple Valley provides a stable market for businesses to establish themselves. Retail properties in Apple Valley are a good investment due to the town's diverse economy, which has transitioned from agriculture to a mix of industries. These properties can represent a variety of investments, including shopping centers, restaurants, and office spaces. Apple Valley's amenities, such as the Apple Valley Christian Academy and St. Mary's Hospital, make it an attractive location for businesses and residents alike. The town's infrastructure, including State Route 18 and the Mojave River, provides easy access to surrounding areas. Additionally, the presence of notable companies like the Apple Valley Inn and the Los Angeles Examiner newspaper publisher Max Ihmsen's apple and pear orchard, demonstrate the town's economic potential. Apple Valley's geography, situated at the southern edge of the Mojave Desert, also makes it an ideal location for businesses looking to establish themselves in the region.
Currently, there are 9 retail properties available for sale in Apple Valley, offering a range of options for investors. These properties have an average price per square foot of $800 USD and an average size of 10,414 square feet. The largest property available is 38,215 square feet. In addition to retail properties, Apple Valley also offers shopping centers, restaurants, office properties, and hotels for sale. Shopping centers in Apple Valley provide a hub for commercial activity, while restaurants offer a range of dining options for residents and visitors. Office properties in the area cater to the town's growing business sector, and hotels provide accommodation for travelers. With its diverse economy and range of amenities, Apple Valley is an attractive location for businesses and investors alike.
What is the average cap rate for retail properties in Apple Valley?
When it comes to retail properties in Apple Valley, investors can expect an average cap rate of 7.98%, which is an attractive return on investment considering the town's growing economy and strategic location. For those new to commercial real estate investing, it's essential to understand the concept of cap rate, which is explained in detail in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Apple Valley, California, the location of a retail property plays a significant role in determining its value, with properties situated along major thoroughfares like State Route 18 and Bear Valley Road, or in the commercial district, tend to have higher values due to increased foot traffic and visibility. Additionally, proximity to local amenities, such as the Apple Valley Fire Protection District, St. Mary's Hospital, and Sunset Hills Memorial Park and Mortuary, can also impact retail property values, as they attract more customers and increase the overall appeal of the area.
