Historic Highland Warehouse For
For Sale
$4,500,000
1672 Palm Ave, Highland, CA 92346
Two-story, 25,200 SF warehouse in Highland Historic District.
Property Size25,200 SF
Lot Size1.40 Acres
Price / SF$178.57
Days on Market215
Property Features for 1672 Palm Ave
General Information
Standard status
Active
Size
25,200 SF
Lot size
1.40 Acres
Building Details
Year Built
1920
Listing Agency:
MGR REAL ESTATE, INC.
Listed By:
Javier Brown · License #01755491
(900) 957-9135
Source:
Myfabuloushome
Added: Mar 10
Changed: Oct 3
Last Checked: Oct 7 at 5:08PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$296,614
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,932,280
$5.9M
Cap Rate 7%
$4,237,343
$4.2M
Cap Rate 9%
$3,295,711
$3.3M
Market Conditions
NOI Build-Up for 25,200 SF
Gross rent
$429.4K $17.04/SF
− Vacancy
−$33.9K −$1.35/SF
EGI
$395.5K $15.69/SF
− OpEx
−$98.9K −$3.92/SF
NOI
$296.6K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,932,280
Cap Rate 7%
$4,237,343
Cap Rate 9%
$3,295,711
Alternative Uses
Best Use
Office B
$4.24M
$3.71M – $4.94M
NOI $296,614 @ 7.0% cap · market cap 6.59%
Second Best
Warehouse
$3.59M
$3.14M – $4.19M
NOI $251,282 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$5.32M
$4.65M – $6.20M
NOI $372,090 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92346, CA
57,812
Population
18,075
Households
3.2
Avg Household Size
36
Median Age
25%
College-Educated
84%
High-School Grad
27.1 sq mi
ZIP Area
2,133
Density / Sq Mi
$84,818
Median Household Income
$40,066
Median Earnings
$1,654
Median Rent
$461,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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.
