Add Listing
    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

    108 Big Bear Big Bear City, CA 92315

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,099,000

    2.05 acres of commercial land near Metcalf Bay.

    Type:Land
    Lot size:
    2.05 Acres
    Added:
    Aug 26, 2023
    Days on Market:
    950
    Last Refresh:
    Mar 16 at 3:30 pm

    Property Features for 108 Big Bear

    General Information

    Standard status
    Active
    Lot size
    2.05 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Gregg Cochran
    Gregg Cochran

    Listing agent Gregg Cochran License #01135909

    Listing office Smoke Tree Commercial

    Listing date Aug 26, 2023

    Source Crexi

    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 Smoke Tree Commercial

    Overview

    Prime Land in Big Bear

    This property features 2.05 acres of land, consisting of 3 parcels, situated in Big Bear Lake. Located on Big Bear Lake Rd and Tulip Ln, the property is zoned for Commercial Visitor use, allowing for various development options. Potential uses include a boutique hotel, restaurant, or office space. The property is located in the Metcalf Bay area, known for its calm waters and views. The location provides access to the Village and outdoor activities such as skiing, boating, hiking, and biking. The property may be eligible for the New Market California Tax Credit program and the New Market Federal Tax Credit Programs, potentially providing up to 39% tax credits for a development project.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Bear City
    County
    San Bernardino
    State
    California
    Longitude
    -116.846202
    Latitude
    34.2609253

    Nearby Similar for Sale

    • $310,000

      Remodeled Commercial Building in Big Bear

      High-traffic commercial property with tenant in place, income potential.
      601 W Big Bear Boulevard, Big Bear City, CA 92314
      View Details
    • $574,950
      2,600 SF

      Established Restaurant on Large Lot

      Restaurant with over 120 seats on over half-acre lot.
      337 W Big Bear Boulevard, Big Bear City, CA 92314
      View Details
    • $45,000

      Big Bear City Land Parcel

      Level parcel on Big Bear Blvd, excellent visibility and access.
      839 E Big Bear Boulevard, Big Bear City, CA 92314
      View Details
    • $425,000

      Big Bear Land Opportunity

      19.94 acres with panoramic views and development potential.
      1110 Central, Big Bear City, CA 92314
      View Details
    • $289,000

      Premier Meadowbrook Estates Homesite

      Rare opportunity to build a legacy mountain residence.
      1801 Shady Lane, Big Bear City, CA 92314
      View Details
    • $289,000

      Big Bear City Land Parcel

      3.5 acre parcel with approved plans and horse shelters.
      735 Cypress Lane, Big Bear City, CA 92314
      View Details
    • $294,500

      Big Bear City Commercial Property

      Commercial investment property with high visibility in Big Bear City.
      436 W Big Bear Boulevard, Big Bear City, CA 92314
      View Details
    • $529,000

      Retail Investment Property For Sale

      Commercial retail property with two buildings on a 10k sqft lot.
      328 W Big Bear Boulevard, Big Bear City, CA 92314
      View Details
    • $79,000

      Big Bear City Land Parcel

      Land parcel on Big Bear Blvd with development potential.
      825 E Big Bear Boulevard, Big Bear City, CA 92314
      View Details
    • $79,000

      Big Bear City Land Parcel

      Well-located parcel on Big Bear Blvd with development potential.
      825 E Big Bear Blvd, Big Bear City, CA 92314
      View Details
    • $39,900

      Vacant Lot in Big Bear

      Vacant lot in Big Bear City near local amenities.
      925 W Fairway, Big Bear City, CA 92314
      View Details
    • $45,000

      Big Bear City Land Opportunity

      Level parcel on Big Bear Blvd, excellent visibility and access.
      839 E Big Bear Boulevard, Big Bear City, CA 92314
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.05 acres of commercial land near Metcalf Bay.
    Where is this commercial land located?
    The property is located at 108 Big Bear Big Bear City, CA.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: 2.05 Acres of Land in Prime Big Bear Lake Location (Big Bear Lake Rd & Tulip Ln); Commercial Visitor Zoning Allows for Diverse Development Options like Hotel, Restaurant, or Office Space; Located in Scenic Metcalf Bay Area with Stunning Views and Calm Waters
    (949) 667-0322
    We can help!
    Listing Contact
    Gregg Cochran
    Gregg Cochran
    Real Estate License ID: 01135909
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!