Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    40598 Simonds Dr, Unit 10 Big Bear Lake, CA 92315

    Sponsored
    For Sale
    $999,000

    LAND - Big Bear Lake, CA

    Lot size:
    0.20 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 3 at 7:06 am

    Property Features for 40598 Simonds Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0308-142-05-0000
    Lot size
    0.20 Acres

    Utilities

    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Paula Osborn

    Wheeler Steffen Real Estate inc (909) 624-1617

    Listing agent Paula Osborn (909) 747-5949 License #01943211

    Listing date Feb 2, 2026

    MLS# 32600149 Listing URL

    Copyright © 2026 Mountain Resort Communities Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lakefront Parcel with Mountain Views

    This lakefront parcel, situated in Big Bear Lake, California, offers panoramic views of the lake and surrounding mountains. The property includes over 60 feet of lake frontage and private dock privileges. Located in the Big Bear Lake Village, the site provides convenient access to dining, shopping, and entertainment options. The zoning is residential multi-family. According to the City of Big Bear Lake, the construction of at least two primary dwellings is required to comply with local codes. There is also the potential for the construction of two additional dwelling units (ADUs) on the property. The lot size is approximately 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Big Bear Lake
    County
    San Bernardino
    State
    California
    Longitude
    -116.916274
    Latitude
    34.244185

    Nearby Similar for Sale

    • $1,150,000
      1,700 SF

      Big Bear Lake Income Cabins

      Six income-producing cabins near The Village in Big Bear Lake.
      844 Tulip Ln, Big Bear Lake, CA 92315
      View Details
    • $1,285,000
      3,642 SF

      Big Bear Lake Commercial Investment

      Fully leased commercial property with upside potential in Big Bear.
      41609 Big Bear Blvd, Big Bear Lake, CA 92315
      View Details
    • $1,390,000
      0.36 Acres

      Versatile Retail/Warehouse Space in Village

      8,900 SF retail/warehouse space in Big Bear Lake's Village.
      735 Stocker Rd, Big Bear Lake, CA 92315
      View Details
    • $2,250,000
      2,574 SF

      Unique Themed Lodge Near Village

      Exceptional lodge with themed cabins, close to amenities and recreation.
      547 Main St, Big Bear Lake, CA 92315
      View Details
    • $749,900
      2,187 SF

      Mixed-Use Property in Moonridge Corridor

      Mixed-use property with residential and commercial spaces in desirable location.
      42565 Moonridge Rd, Big Bear Lake, CA 92315
      View Details
    • $575,000
      2,160 SF

      Versatile Commercial Property with Residential Use

      Corner-lot property with commercial zoning and approved residential use.
      40143 Big Bear Blvd, Big Bear Lake, CA 92315
      View Details
    • $1,690,000
      4,852 SF

      Lakewood Cabins Near Big Bear Lake

      Ten remodeled cabins near Big Bear Village, excellent investment opportunity.
      586 Main St, Big Bear Lake, CA 92315
      View Details
    • $874,000
      Pending

      Big Bear Lake Commercial Property

      Commercial property in a high-visibility area of Big Bear Lake.
      41390 Big Bear Blvd, Big Bear Lake, CA 92315
      View Details
    • New
      $1,015,000
      3,360 SF

      Big Bear Lake Quadruplex

      Four-unit property near the lake with income potential.
      714 Paine, Big Bear Lake, CA 92315
      View Details
    • $765,900
      1,344 SF

      Remodeled Quadruplex Near Big Bear Village

      Four remodeled cottages near Big Bear Lake and Village shops.
      528 Cottage Ln, Big Bear Lake, CA 92315
      View Details
    • $1,200,000
      3,116 SF

      Retail Building in Prime Location

      Commercial retail building in the heart of the Village.
      40716 Vlg, Big Bear Lake, CA 92315
      View Details
    • $3,198,000
      10,000 SF

      Turn-Key Investment in Big Bear Lake

      Investment property with vacation rental business potential near Bear Mountain.
      1274 Clubview, Big Bear Lake, CA 92315
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Lakefront property in Big Bear Lake Village with dock privileges.
    Where is this residential land & home lot located?
    The property is located at 40598 Simonds Dr, Unit 10 Big Bear Lake, CA.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Prime lakefront parcel with **60+ ft of frontage and panoramic lake and mountain views.**; - Located in Big Bear Lake Village, steps to dining, shopping, and entertainment.; - Enjoy **private dock privileges.**
    (909) 747-5949
    Request Owner's contact information
    40598 Simonds Dr, Unit 10 Big Bear Lake, CA 92315
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40598 Simonds Dr, Unit 10
    Big Bear Lake, CA 92315
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40598 Simonds Dr, Unit 10 Big Bear Lake, CA 92315
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paula Osborn
    Real Estate License ID: 01943211
    (909) 747-5949
    Learn more
    Google sign-in failed. Please try again or use another login method.