Highland Historic District Warehouse
1672 Palm Avenue, Highland, CA 92346
- Added:
- Jan 7, 2025
- Days on Market:
- 506
- Last Refresh:
- May 28 at 4:06 am
Property Features for 1672 Palm Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CG-1
- Standard status
- Active
- APN
- 1191341230000
- Size
- 25,200 SF
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Architectural style
- Other
Listing agent Javier Brown License #01755491 90095791351
Listing office MGR REAL ESTATE, INC. 3800 Concourse Street #350, Upland, CA 90095791351
Listing date Jan 7, 2025
MLS# CV25004001
Listing URL
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 25,200 sq ft building on a 1.4‑acre lot in the Highland Historic District.
- Strategically located with convenient access to Base Line Street and the 210 Highway, within 30 minutes of key Southern California transportation routes.
- Zoned Commercial General – 1 (CG‑1).
- Two‑story building with a spacious open area on the above‑ground floor and multiple offices/work areas in the basement.
- Features central air and heat.
- Property is secured by a block wall.
Overview
Located in the Highland Historic District, this warehouse building was originally constructed in 1920 as a citrus packing house. After serving as a community church, the property is currently owner-occupied and used as a facility for medical equipment repurposing. The building provides convenient access from Base Line Street and exits from the 210 Highway, and it is strategically located within a 30-minute drive to key transportation routes in southern California. The two-story building spans approximately 25,200 square feet on a lot of roughly 61,103 square feet (1.4 acres). The above-ground floor features a spacious open area with two offices and two bathrooms, and a ceiling height of approximately 20 feet, varying to 13 feet in certain sections due to beams. The basement floor includes five offices, three sizeable distinct work areas, and two bathrooms accessible through a garage, as well as a staircase. The building is equipped with central air and heat. A block wall surrounds the property, and the parking area is located behind the building. The property is zoned as Commercial General – 1 (CG-1).
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$2.79M
NOI $251,282 @ 9.00% cap · cautious / downside scenario
Moderate
$3.59M
NOI $251,282 @ 7.00% cap · market / base-case scenario
Aggressive
$5.03M
NOI $251,282 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $314.5k | $12.48 |
| − Vacancy | −$18.9k | −$0.75 |
| EGI | $295.6k | $11.73 |
| − OpEx | −$44.3k | −$1.76 |
| NOI | $251.3k | $9.97 |
25,200 SF · lease $12.48/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$3.59M
$3.14M – $4.19M
NOI $251,282 @ 7.0% cap · market cap 5.58%
Second Best
Industrial
$2.96M
$2.59M – $3.45M
NOI $206,938 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$5.32M
$4.65M – $6.20M
NOI $372,090 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar Places Nearby
- Extra Space Storage — 7404 Boulder Ave, Highland, CA 92346
- Preferred Self Storage Unit — 26940 Base Line St, Highland, CA 92346
- Extra Space Storage — 1775 Palm Ave, Highland, CA 92346
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- San Bernardino
- State
- California
- Longitude
- -117.2092196
- Latitude
- 34.1291428
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Two-story, 25,200 SF warehouse in Highland Historic District.
Where is this warehouse located?
The property is located at 1672 Palm Avenue Highland, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 25,200 sq ft building on a 1.4‑acre lot in the Highland Historic District.; Strategically located with convenient access to Base Line Street and the 210 Highway, within 30 minutes of key Southern California transportation routes.; Zoned Commercial General – 1 (CG‑1).
