Mixed-Use Industrial and Retail
32765 Hilltop Boulevard Running Springs, CA 92382
32765 Hilltop Boulevard, Running Springs, CA, 92382
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Arrowbear, CA
Property Size6,232 SF
Price / SF$240.69
Days on Market61
Property Features for 32765 Hilltop Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0295242290000
Building Details
- Year built
- 1984
Listing agency
COLDWELL BANKER SKY RIDGE REALTY
(909) 336-2131
Listed by
Kim Sellers · License #01412099
(909) 725-1248
Added: May 23 Updated: Jul 6 at 3:42PM Checked: Jul 22 at 8:06PM
MLS# IG26112405
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 mixed-use industrial and commercial property is configured across three separate structures on a uniquely configured parcel. A 1,934 square-foot retail/commercial storefront fronts the parcel, while two additional industrial buildings are positioned toward the rear, including a 1,882 square-foot industrial/storage building and a 2,416 square-foot two-story workshop facility. Additional shed storage is included for flexible overflow storage, and the improvements are currently demised into four separate units.
The front portion of the parcel is described as zoned industrial, while the rear portion includes residentially zoned land, creating a mixed zoning setup. The property is currently 100% owner occupied. The seller notes the shed storage can be rented to multiple parties with separate meters.
Overall, the layout supports a range of owner-user and service-oriented uses across the demised units and separate structures, with both retail-facing frontage and deeper industrial/workshop space.
The front portion of the parcel is described as zoned industrial, while the rear portion includes residentially zoned land, creating a mixed zoning setup. The property is currently 100% owner occupied. The seller notes the shed storage can be rented to multiple parties with separate meters.
Overall, the layout supports a range of owner-user and service-oriented uses across the demised units and separate structures, with both retail-facing frontage and deeper industrial/workshop space.
Key Highlights
- 1984‑built mixed‑use industrial/commercial property with approx. 6,232 SF total gross building area across three structures
- Front 1,934 SF retail/commercial storefront plus rear industrial buildings totaling 1,882 SF and 2,416 SF two‑story workshop
- Demised improvements into four separate units; currently 100% owner occupied
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 | $134.6k | $21.60 |
| − Vacancy | −$7.0k | −$1.12 |
| EGI | $127.6k | $20.48 |
| − OpEx | −$38.3k | −$6.14 |
| NOI | $89.3k | $14.33 |
6,232 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,328 @ 7.0% cap · market cap 5.96%
Second Best
Warehouse
$887.8K
$776.8K – $1.04M
NOI $62,143 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,018 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Multi-structure property with a front retail storefront and rear industrial buildings, demised into four owner-occupied units.
Where is this flex space located?
The property is located at 32765 Hilltop Boulevard Running Springs, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1984‑built mixed‑use industrial/commercial property with approx. 6,232 SF total gross building area across three structures; Front 1,934 SF retail/commercial storefront plus rear industrial buildings totaling 1,882 SF and 2,416 SF two‑story workshop; Demised improvements into four separate units; currently 100% owner occupied
