Building Details

Building Size 1,344 SF

Year Built 1979

Stories 1

Listed By: Amber Seo Campos Show Phone

Source: Evrealestate

Added: Jul 23 Changed: Aug 28 Last Checked: Sep 12 at 3:44AM

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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 Amber Seo Campos

Investment Insights

Based on property information with market context.

This for-sale residential income property is listed with property types including mobile home & RV parks, multifamily properties, and residential income properties. The offering is therefore best suited for buyers evaluating income-producing residential assets consistent with those use categories.

Located at 1828 Orum Road in Pinon Hills, California, the property is described as being on the east side of Orum Road. The listing indicates San Bernardino County as the county/parish jurisdiction.

Key Highlights

• Residential income property east side of Orum Road in Pinon Hills, San Bernardino County
• Year built 1979
• Heating: propane

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$11,898

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

2.98%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$237,960 $238.0K

Cap Rate 7%

$169,971 $170.0K

Cap Rate 9%

$132,200 $132.2K

Market Conditions

NOI Build-Up for 1,344 SF 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.

Gross rent

$23.1K $17.16/SF

− Vacancy

−$1.4K −$1.06/SF

EGI

$21.6K $16.10/SF

− OpEx

−$9.7K −$7.24/SF

NOI

$11.9K $8.85/SF

Area

San Bernardino County, CA

Vacancy

6.20%

Lease Rate

$17.16 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$237,960

Cap Rate 7%

$169,971

Cap Rate 9%

$132,200

Alternative Uses

Best Use

Apartment 5plus

$170.0K

$148.7K – $198.3K (±1% cap)

NOI $11,898 @ 7.0% cap · market cap 2.98%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$283.5K

$248.1K – $330.8K (±1% cap)

NOI $19,845 @ 7.0% cap · market cap 4.97%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Computer & Electronic Repair Auto Repair Shop Nail Salon Gym & Fitness Center Arcade & Gaming Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 92372, CA

5,594

Population

1,924

Households

2.9

Avg Household Size

44

Median Age

16%

College-Educated

84%

High-School Grad

25.7 sq mi

ZIP Area

218

Density / Sq Mi

$63,665

Median Household Income

$51,369

Median Earnings

$1,074

Median Rent

$418,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - For sale residential income property on the east side of Orum Road in Pinon Hills, San Bernardino County.

Where is this mobile home & rv park located?

The property is located at 1828 Orum Road Pinon Hills, CA.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Residential income property east side of Orum Road in Pinon Hills, San Bernardino County; Year built 1979; Heating: propane