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    Running Springs Commercial Investment Opportunity Title is generated by Realmo AI

    31961 Hilltop, Running Springs, CA 92382

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    Claim this Listing
    For Sale
    $499,000

    Commercial Sale - Running Springs, CA

    Property size:
    2,530 SF
    Price / SF:
    $197/SF
    Added:
    Sep 27, 2025
    Days on Market:
    258
    Last Refresh:
    Jun 11 at 7:06 am

    Property Features for 31961 Hilltop

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0295181560000
    Size
    2,530 SF

    Building Details

    Year built
    2005
    Architectural style
    Other

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    Listing Contact
    Steven Keefe
    Steven Keefe

    Listing agent Steven Keefe License #01085197

    Listing office COLDWELL BANKER SKY RIDGE REALTY 27206 HWY 189, Lake Arrowhead, CA

    Listing date Sep 27, 2025

    MLS# IG25227161 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

    • Prime location at the intersection of Highways 18 and 330 in downtown Running Springs, offering exceptional visibility and high traffic.
    • Versatile two‑story building with four distinct units suitable for retail, offices, or a combination.
    • Total building size of nearly 2,100 sq ft plus multiple patios, balconies, and decks, enhancing the usable space.
    • Strong potential for owner‑user, multi‑tenant investment, or redevelopment.
    • Ample parking and easy access for clients and customers.
    • Three restrooms (two upstairs, one downstairs).

    Overview

    Located at the intersection of Highway 18 and Highway 330, this two-story commercial building offers visibility in Running Springs. The property has a multi-use layout suitable for retail shops, professional offices, or a mix of both. The building has nearly 2,100 sq ft of interior space plus multiple patios, balconies, and decks. Unit 1 is 581 sq ft, Unit 2 is 456 sq ft, Unit 3 is 600 sq ft interior with a 182 sq ft rear patio and 116 sq ft front balcony, and Unit 4 is 451 sq ft interior with a 182 sq ft rear patio. There are two half baths upstairs and one half bath downstairs. The upper-story deck showcases views of downtown Running Springs. The property is positioned where Highways 18 and 330 converge, providing exposure. It has parking and is a stopover for travelers heading to the mountain resorts. The property is located in one of the most visible and accessible locations in the San Bernardino Mountains.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $54.6k $21.60
    − Vacancy −$2.8k −$1.12
    EGI $51.8k $20.48
    − OpEx −$15.5k −$6.14
    NOI $36.3k $14.33
    2,530 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $518.1K
    $453.3K – $604.4K (±1% cap)
    NOI $36,264 @ 7.0% cap · market cap 7.27%
    Second Best
    Office B
    $425.4K
    $372.2K – $496.3K (±1% cap)
    NOI $29,779 @ 7.0% cap · market cap 5.97%
    Theoretical Best
    Office A
    $533.7K
    $467.0K – $622.6K (±1% cap)
    NOI $37,357 @ 7.0% cap · market cap 7.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Running Springs
    County
    San Bernardino
    State
    California
    Longitude
    -117.089
    Latitude
    34.1964

    FAQs

    What type of property is this?
    Retail space - Two-story commercial building in downtown Running Springs with high visibility.
    Where is this retail space located?
    The property is located at 31961 Hilltop Running Springs, CA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Prime location at the intersection of Highways 18 and 330 in downtown Running Springs, offering exceptional visibility and high traffic.; Versatile two‑story building with four distinct units suitable for retail, offices, or a combination.; Total building size of nearly 2,100 sq ft plus multiple patios, balconies, and decks, enhancing the usable space.
    More about this property
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