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    40789 Village Drive Big Bear Lake, CA 92315

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    Claim this Listing
    For Sale
    $2,815,000

    COMMERCIAL - Big Bear Lake, CA

    Lot size:
    0.40 Acres
    Added:
    Aug 14, 2025
    Days on Market:
    262
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 40789 Village Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    BlacktopDriveway, PavedDriveway
    Standard status
    Active
    APN
    0308-181-07-0000
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    1
    Roof type
    Composition

    We can help!

    Listing Contact
    Izzy Barden
    Izzy Barden

    Listing agent Izzy Barden License #01377973

    Listing office Re/Max Big Bear-Fox Farm 42153 Big Bear Blvd, CA

    Listing date Aug 14, 2025

    MLS# 32501839

    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.

    Overview

    Iconic Big Bear Lake Building

    This iconic building, originally constructed in the 1930s and updated in the 70s and early 2000s, is located in Big Bear Lake. The property has been fully remodeled and retrofitted to meet modern standards. It has served as a movie theater, a concert venue, and currently operates as a sports bar and restaurant. The building features a sound system, a stage for live performances, a bar, and a full kitchen. The property is equipped with furnishings, excluding the rented games. Situated in the heart of Big Bear Lake's tourist destination, the property is surrounded by restaurants, shops, gift shops, markets, hotels, and nightlife. The Village hosts events such as the classic car show, Old Miners Days, Christmas Tree Lighting, and the Chili Cookoff. The lot size is 0.3972 acres. The Village Specific Plan allows for a variety of uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Auto Parts Store Accounting Firm Garden Center Electronics & Wireless Store Nail Salon Daycare Center Shopping Center & Mall Spa & Massage Center (Bike/Boat/Book/etc) Store Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 572 Social kitchen & lounge — 572 Pine Knot Ave, Big Bear Lake, CA 92315
    • Murray's Saloon & Eatery — 672 Cottage Ln, Big Bear Lake, CA 92315
    • The Pub — 664 Pine Knot Ave, Big Bear Lake, CA 92315
    • Club Bombay — 672 Pine Knot Ave, Big Bear Lake, CA 92315
    • Elevation 6752 Sip N Shop — 652 Pine Knot Ave, Big Bear Lake, CA 92315

    Location Insight

    • Map
    • Local Demand
    City
    Big Bear Lake
    County
    San Bernardino
    State
    California
    Longitude
    -116.755
    Latitude
    34.1118

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    FAQs

    What type of property is this?
    Bar & Pub - Remodeled sports bar/restaurant in a high-traffic tourist area.
    Where is this bar & pub located?
    The property is located at 40789 Village Drive Big Bear Lake, CA.
    What is the asking price?
    The asking price for this property is $2,815,000.
    What are key features of this property?
    This property features: Iconic building in the heart of Big Bear Lake's busiest tourist destination.; Fully remodeled and retrofitted to meet modern standards.; Equipped with an amazing sound system and stage for live performances, gorgeous bar, and full kitchen.
    (909) 273-8980
    We can help!
    Listing Contact
    Izzy Barden
    Izzy Barden
    Real Estate License ID: 01377973
    Learn More
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    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.

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    40789 Village Drive, Big Bear Lake, CA 92315

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