Two-Story Multi-Unit Retail-Office
31961 Hilltop Running Springs, CA 92382
For Sale
$499,000
SINGLE_FAMILY - Running Springs, CA
Property Size2,100 SF
Price / SF$237.62
Days on Market304
Property Features for 31961 Hilltop
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 0295181560000
Building Details
- Year built
- 2005
Listing Agency:
COLDWELL BANKER SKY RIDGE REALTY
(909) 336-2131
Listed By:
Steven Keefe · License #01085197
(909) 336-2131
Added: Sep 26, 2025
Changed: Jul 6
Last Checked: Jul 26 at 11:06AM
MLS# IG25227161
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.
Investment Insights
Based on property information with market context.
This two-story commercial building is configured as four distinct units, offering flexibility for retail shops, professional offices, or a mix of both. Unit sizes range from 456 to 600 square feet of interior space, with select units also featuring rear patios and/or front balconies. The property includes outdoor space such as a large upper-story deck. Restroom service includes two half baths upstairs and one half bath downstairs.
Located at the intersection of Highway 18 and Highway 330 in downtown Running Springs, the building is positioned for high visibility and convenient access with ample parking for clients and customers.
The layout provides a multi-tenant configuration within a single structure, supported by the unit-level outdoor features and consistent restroom availability across the building.
Located at the intersection of Highway 18 and Highway 330 in downtown Running Springs, the building is positioned for high visibility and convenient access with ample parking for clients and customers.
The layout provides a multi-tenant configuration within a single structure, supported by the unit-level outdoor features and consistent restroom availability across the building.
Key Highlights
- Two‑story commercial building built in 2005 at the corner of Highway 18 and Highway 330 in downtown Running Springs
- Four distinct units with flexible multi‑use layout for retail shops and/or professional offices
- Nearly 2,100 sq ft total interior space plus patios, balconies, and decks (including an upper‑story deck with open downtown views)
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 | $45.4k | $21.60 |
| − Vacancy | −$2.4k | −$1.12 |
| EGI | $43.0k | $20.48 |
| − OpEx | −$12.9k | −$6.14 |
| NOI | $30.1k | $14.33 |
2,100 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$430.0K
$376.3K – $501.7K
NOI $30,101 @ 7.0% cap · market cap 6.03%
Second Best
Office B
$353.1K
$309.0K – $412.0K
NOI $24,718 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$443.0K
$387.6K – $516.8K
NOI $31,007 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Two-story building with four distinct units, indoor and outdoor space, and multiple half baths serving tenants and customers.
Where is this office building 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: Two‑story commercial building built in 2005 at the corner of Highway 18 and Highway 330 in downtown Running Springs; Four distinct units with flexible multi‑use layout for retail shops and/or professional offices; Nearly 2,100 sq ft total interior space plus patios, balconies, and decks (including an upper‑story deck with open downtown views)
