For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Property in Rimforest Title is generated by Realmo AI

    26374 Apache Trail, Rimforest, CA 92378

    View on Map
    Claim this Listing
    For Sale
    $250,000

    Commercial property in Rimforest, close to Lake Arrowhead.

    Type:Retail
    Property size:
    1,212 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $206/SF
    Added:
    Aug 26, 2024
    Days on Market:
    656
    Last Refresh:
    May 12 at 9:40 pm

    Property Features for 26374 Apache Trail

    General Information

    Standard status
    Active
    Size
    1,212 SF
    Lot size
    0.33 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1946

    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

    • Sold together with adjacent property and Lake Arrowhead Rentals Equipment Rental Business, including all inventory and equipment.
    • Commercial property suitable as an additional lot for the existing Equipment Rental Business.
    • Located in Rimforest, close to Lake Arrowhead.
    • Enjoy a mountain feel with less heavy snow due to an elevation of 5,600 feet.
    • Historical significance as the original office of "The Mountain News" newspaper.
    • 1/3 of an acre lot.

    Overview

    The commercial property at 26374 Apache Trail is currently used as an additional lot for the equipment rental business, Lake Arrowhead Rentals Inc. Located in Rimforest, close to Lake Arrowhead, the property sits at an elevation of 5,600 feet. The building, situated on a 1/3 acre lot, was built in 1946 and is currently in distressed condition. This two-story, single-family home, with a size of 1212 square feet, once served as the first office of the local newspaper, The Mountain News, when it opened in the 1950s. The property is being sold together with the adjacent property at 26321-26325 Pine Ave, as well as the Lake Arrowhead Rentals Equipment Rental Business, including all inventory and equipment.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $26.2k $21.60
    − Vacancy −$1.4k −$1.12
    EGI $24.8k $20.48
    − OpEx −$7.4k −$6.14
    NOI $17.4k $14.33
    1,212 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $248.2K
    $217.2K – $289.6K (±1% cap)
    NOI $17,373 @ 7.0% cap · market cap 6.95%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $255.7K
    $223.7K – $298.3K (±1% cap)
    NOI $17,896 @ 7.0% cap · market cap 7.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

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

    FAQs

    What type of property is this?
    Retail space - Commercial property in Rimforest, close to Lake Arrowhead.
    Where is this retail space located?
    The property is located at 26374 Apache Trail Rimforest, CA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Sold together with adjacent property and Lake Arrowhead Rentals Equipment Rental Business, including all inventory and equipment.; Commercial property suitable as an additional lot for the existing Equipment Rental Business.; Located in Rimforest, close to Lake Arrowhead.
    More about this property
    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