Historic Highland Warehouse For Sale

1672 Palm Ave Highland, CA 92346

Claim this Listing
For Sale
$4,500,000

Two-story, 25,200 SF warehouse in Highland Historic District.

Type:Industrial
Property size:
25,200 SF
Lot size:
1.40 Acres
Price / SF:
$178/SF
Added:
Mar 10, 2026
Days on Market:
125
Last Refresh:
Jul 2 at 12:38 pm

Property Features for 1672 Palm Ave

General Information

Standard status
Active
Size
25,200 SF
Lot size
1.40 Acres
Property subtype
Industrial

Building Details

Year Built
1920

Listing office MGR Real Estate, Inc.

Listing date Mar 10, 2026

Source Elliman

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 MGR Real Estate, Inc.


Investment Insights

Based on property information with market context.

Located in the Highland Historic District, this warehouse building was originally constructed in 1920 as a citrus packing house. Later used as a community church, the property currently serves as a facility for medical equipment repurposing and is owner-occupied. The building provides access from Base Line Street and exits from the 210 Highway, and is within a 30-minute drive to transportation routes in southern California. Situated on a lot of approximately 61,103 square feet (1.4 acres), the two-story building spans approximately 25,200 square feet. The above-ground floor features a spacious open area with two offices and two bathrooms, with ceiling heights around 20 feet, varying to 13 feet in some sections due to beams. The basement floor includes five offices, three work areas, and two bathrooms accessible through a garage, as well as a staircase. The building is equipped with central air and heat. A block wall surrounds the property, and parking is located behind the building. The property is zoned as Commercial General – 1 (CG-1).

Key Highlights

  • Approximately 25,200 square feet on a 1.4‑acre lot.
  • Strategic Location: Convenient access to Base Line Street and 210 Highway. Key Southern California transportation routes within a 30‑minute drive.
  • Flexible Space: Features a spacious open area on the above‑ground floor and multiple offices/work areas in the basement.

Local Financial Insights For Office B

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 $429.4k $17.04
− Vacancy −$33.9k −$1.35
EGI $395.5k $15.69
− OpEx −$98.9k −$3.92
NOI $296.6k $11.77
25,200 SF · lease $17.04/SF/yr · vacancy 7.90% · expense 25.00%

Alternative Uses

Best Use
Office B
$4.24M
$3.71M – $4.94M (±1% cap)
NOI $296,614 @ 7.0% cap · market cap 6.59%
Second Best
Warehouse
$3.59M
$3.14M – $4.19M (±1% cap)
NOI $251,282 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$5.32M
$4.65M – $6.20M (±1% cap)
NOI $372,090 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Auto Parts Store Spa & Massage Center (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center

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

Similar Off Market Nearby

  • Extra Space Storage — 7404 Boulder Ave, Highland, CA 92346
  • ​Preferred Self Storage Unit — 26940 Base Line St, Highland, CA 92346
  • Extra Space Storage — 1775 Palm Ave, Highland, CA 92346

FAQs

What type of property is this?
Warehouse - Two-story, 25,200 SF warehouse in Highland Historic District.
Where is this warehouse located?
The property is located at 1672 Palm Ave Highland, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 25,200 square feet on a 1.4‑acre lot.; Strategic Location: Convenient access to Base Line Street and 210 Highway. Key Southern California transportation routes within a 30‑minute drive.; Flexible Space: Features a spacious open area on the above‑ground floor and multiple offices/work areas in the basement.
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