Mixed-Use Building with Rental Business

26325 Pine Avenue, Rimforest, CA 92378

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For Sale

$750,000

3,066 SF building with rental business for sale.

Type:Business Opportunities

Property size:

3,066 SF

Lot size:

0.33 Acres

Price / SF:

$244/SF

HighLights

Includes established equipment rental business (Lake Arrowhead Rentals) with inventory and equipment.
Includes adjacent property at 26374 Apache Trl.
3,066 sq ft building with storefront, office space, studio apartment, and shop space.
Shop space includes roll‑up doors and equipment storage.
Located on over 1/3 of an acre with additional lot access from Rim of the World Highway.
Located at 5,600 ft elevation, avoiding heavier snow.

We can help!

Listing Contact

Cyrus Peinado

Learn more

For Sale

$750,000

3,066 SF building with rental business for sale.

Type:Business Opportunities

Property size:

3,066 SF

Lot size:

0.33 Acres

Price / SF:

$244/SF

Added:: Aug 26, 2024
Days on Market:: 658
Last Refresh:: May 13 at 8:04 pm

Property Features for 26325 Pine Avenue

General Information

Standard status: Active
Size: 3,066 SF
Lot size: 0.33 Acres
Property subtype: Business Opportunities

We can help!

Listing Contact

Cyrus Peinado

Listing agent Cyrus Peinado

Listing office

Listing date Aug 26, 2024

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Cyrus Peinado

HighLights

Includes established equipment rental business (Lake Arrowhead Rentals) with inventory and equipment.
Includes adjacent property at 26374 Apache Trl.
3,066 sq ft building with storefront, office space, studio apartment, and shop space.
Shop space includes roll‑up doors and equipment storage.
Located on over 1/3 of an acre with additional lot access from Rim of the World Highway.
Located at 5,600 ft elevation, avoiding heavier snow.

Overview

The property at 26325 Pine Avenue features a 3,066 sq ft building that includes a storefront, office space, a studio apartment, and a shop space with roll-up doors, situated on just over 1/3 of an acre. Currently, Lake Arrowhead Rentals, an equipment rental business operating for over 30 years, occupies the property. There is ample space for equipment storage located in a lot behind the shop, as well as another lot with a separate entrance accessible from Rim of the World Highway. Located at an elevation of 5,600 feet, the property offers a mountain atmosphere while avoiding the heavier snowfalls typical of higher elevations such as Big Bear. This property is being sold together with the adjacent property at 26374 Apache Trl and Lake Arrowhead Rentals Equipment Rental Business with all inventory & equipment.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$66.2k	$21.60
− Vacancy	−$3.4k	−$1.12
EGI	$62.8k	$20.48
− OpEx	−$18.8k	−$6.14
NOI	$43.9k	$14.33

3,066 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$627.8K

$549.3K – $732.5K (±1% cap)

NOI $43,947 @ 7.0% cap · market cap 5.86%

Second Best

Office B

$515.5K

$451.1K – $601.5K (±1% cap)

NOI $36,088 @ 7.0% cap · market cap 4.81%

Theoretical Best

Office A

$646.7K

$565.9K – $754.5K (±1% cap)

NOI $45,271 @ 7.0% cap · market cap 6.04%

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

Location Intelligence

Current Use by Public Records

Storefront properties

Map

City: Rimforest
County: San Bernardino
State: California
Longitude: -117.232
Latitude: 34.2338

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For sale
Storefront properties
CA
Rimforest
92378
26325 Pine Avenue

What type of property is this?

Storefront property - 3,066 SF building with rental business for sale.

Where is this storefront property located?

The property is located at 26325 Pine Avenue Rimforest, CA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Includes established equipment rental business (Lake Arrowhead Rentals) with inventory and equipment.; Includes adjacent property at 26374 Apache Trl.; 3,066 sq ft building with storefront, office space, studio apartment, and shop space.