Restaurant Property with Commercial
For Sale
$465,000
Pending
39167 Rim Of The World, Fawnskin, CA 92333
Fawnskin, CA
Property Size1,461 SF
Lot Size0.75 Acres
Days on Market40
Property Features for 39167 Rim Of The World
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Parking
1
Fireplace
1
Lot features
0-1 Unit/ Acre
View
Lake
Elementary school district
Bear Valley Unified
Middle school district
Bear Valley Unified
High school district
Bear Valley Unified
Directions
Use Map
Subdivision
FAWN - Fawnskin
Standard status
Pending
APN
0304123250000
Size
1,461 SF
Lot size
0.75 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1941
Floors in Building
1
Number of units
1
Listing Agency:
eXp Realty of Greater Los Angeles
(888) 652-1314
Listed By:
Oscar Gonzalez Castro · License #02245891
(909) 275-0028
Added: Jul 21
Changed: Aug 24
Last Checked: Aug 29 at 11:06PM
MLS# CV26160553
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 1,461-square-foot restaurant property includes a dining room, bar area, commercial-style kitchen, separate men’s and women’s restrooms, laundry hookups, and a bonus room with a full bathroom. Central heating, central air, a public water connection, and a fireplace are also in place. Existing furniture, fixtures, and equipment are included in the sale.
The improvements sit on an approximately 0.7451-acre, level, partially fenced commercial/residential lot with frontage along Rim of the World Drive. A detached building, originally constructed as a carriage house/garage, has been adapted for bunkhouse-style accommodations. The main building dates to 1941, and the property is located in Fawnskin, California.
The improvements sit on an approximately 0.7451-acre, level, partially fenced commercial/residential lot with frontage along Rim of the World Drive. A detached building, originally constructed as a carriage house/garage, has been adapted for bunkhouse-style accommodations. The main building dates to 1941, and the property is located in Fawnskin, California.
Key Highlights
- 1,461‑square‑foot restaurant building with dining area, bar, commercial‑style kitchen, restrooms, laundry hookups, and bonus room
- Approximately 0.7451‑acre level lot with frontage on Rim of the World Drive
- Detached carriage house/garage adapted for bunkhouse‑style accommodations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,169
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$283,380
$283.4K
Cap Rate 7%
$202,414
$202.4K
Cap Rate 9%
$157,433
$157.4K
Market Conditions
NOI Build-Up for 1,461 SF
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.
Gross rent
$20.2K $13.80/SF
− Vacancy
−$1.3K −$0.87/SF
EGI
$18.9K $12.93/SF
− OpEx
−$4.7K −$3.23/SF
NOI
$14.2K $9.70/SF
Area
San Bernardino County, CA
Vacancy
6.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$283,380
Cap Rate 7%
$202,414
Cap Rate 9%
$157,433
Alternative Uses
Best Use
Specialty Retail
$202.4K
$177.1K – $236.2K
NOI $14,169 @ 7.0% cap · market cap 3.05%
Second Best
Industrial
$171.4K
$150.0K – $200.0K
NOI $11,997 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$308.2K
$269.7K – $359.5K
NOI $21,572 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 92333, CA
510
Population
1,096
Households
0.5
Avg Household Size
61
Median Age
43%
College-Educated
80%
High-School Grad
10.1 sq mi
ZIP Area
50
Density / Sq Mi
$78,333
Median Household Income
$70,493
Median Earnings
$1,775
Median Rent
$400,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant space with dining, bar, restroom, laundry, and bonus-room improvements, plus included furniture, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 39167 Rim Of The World Fawnskin, CA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 1,461‑square‑foot restaurant building with dining area, bar, commercial‑style kitchen, restrooms, laundry hookups, and bonus room; Approximately 0.7451‑acre level lot with frontage on Rim of the World Drive; Detached carriage house/garage adapted for bunkhouse‑style accommodations
