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

    5 Park Dr Running Springs, CA 92382

    Sponsored
    For Sale
    $99,000

    Land/Lot - Running Springs, CA

    Lot size:
    18,000.00 Acres
    Days on Market:
    533
    Last Refresh:
    Jan 23 at 2:06 am

    Property Features for 5 Park Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RS
    APN
    029607142Z007
    Exterior features
    Community Features Included: Hiking, Mountainous, Urban
    Lot size
    18,000.00 Acres

    Taxes and HOA fees

    Expense value
    198
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Bridges

    eXp Realty of California, Inc. (888) 584-9427 [email protected]

    Listing agent Michael Bridges (888) 584-9427 License #01917698

    Listing date Aug 9, 2024

    MLS# EV24164892 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Running Springs Land with Approved Plans

    Located in the Smiley Park Country Club of Running Springs, this 0.41-acre lot presents an opportunity to build a custom home. The property features panoramic views extending from the city lights of Downtown Riverside to the Inland Empire, and on clear days, Catalina Island. The flat lot comes with stamped plans approved by Smiley Park Country Club and San Bernardino County. These plans detail a modern two-story home with 2 bedrooms, 2 full bathrooms, and a flexible space suitable for a third bedroom or den. The design also includes a detached single-car garage with a workshop area and extra parking. The property is surrounded by mature pine trees and local wildlife. Situated near Fredalba, the main snow-plowed road, the lot is accessible throughout the year. The location provides access to the amenities of Running Springs and the community of Smiley Park. This lot is intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Running Springs
    County
    San Bernardino
    State
    California
    Longitude
    -117.137681
    Latitude
    34.200821

    Nearby Similar for Sale

    • $499,000
      2,530 SF

      Running Springs Commercial Investment Opportunity

      Two-story commercial building in downtown Running Springs with high visibility.
      31961 Hilltop, Running Springs, CA 92382
      View Details
    • $688,000
      2,880 SF

      Running Springs Duplex with Garages

      Desirable duplex near Highway 18, ski resorts, and SkyPark.
      31194 Outer Hwy 18 N, Running Springs, CA 92382
      View Details
    • $474,500
      1,600 SF

      Running Springs Warehouse with Acreage

      Large warehouse on two lots with highway access.
      32861 Deer Lick, Running Springs, CA 92382
      View Details
    • $229,500

      Music Camp Road Property

      Property on Music Camp Road in Running Springs, CA.
      33446 Music Cp Rd, Running Springs, CA 92382
      View Details
    • $2,995,000
      2,416 SF

      Running Springs Mixed-Use Property

      Rare 5-acre commercial property, dual zoning.
      32765 Hilltop Blvd, Running Springs, CA 92382
      View Details

    FAQs

    What type of property is this?
    Land - Flat lot with approved plans in Smiley Park Country Club.
    Where is this land located?
    The property is located at 5 Park Dr Running Springs, CA.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - Approved Plans Included: Save time and money with a complete set of stamped plans approved by Smiley Park Country Club and San Bernardino County, ready for a modern two-story home.; - Breathtaking Panoramic Views: Enjoy stunning views from city lights to Catalina Island from the flat 15,000 sq ft lot.; - Prime Location in Smiley Park Country Club: Located in a sought-after, exclusive community with fresh air, scenery, and a close-knit atmosphere.
    (909) 273-7575
    Request Owner's contact information
    5 Park Dr Running Springs, CA 92382
    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.
    5 Park Dr
    Running Springs, CA 92382
    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
    5 Park Dr Running Springs, CA 92382
    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
    Michael Bridges
    Real Estate License ID: 01917698
    (909) 273-7575
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.