Historic Lodge on Palomar
22228 Crestline Rd Palomar Mountain, CA 92060
22228 Crestline Rd, Palomar Mountain, CA, 92060
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For Sale
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Historic lodge with modern upgrades on scenic 3.74-acre estate.
Property Size5,584 SF
Lot Size3.74 Acres
Price / SF$178.90
Days on Market838
Property Features for 22228 Crestline Rd
General Information
- Standard status
- Active
- Size
- 5,584 SF
- Lot size
- 3.74 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 1930
Listing agency
Red Hawk Realty
Listed by
Meriah Druliner and Donn Bree · License #CA DRE #01109566
Source
Crexi
Added: Apr 5, 2024 Updated: Jul 6 at 7:47AM Checked: Jul 21 at 8:52AM
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 Red Hawk Realty
Investment Insights
Based on property information with market context.
The Lodge on Palomar Mountain presents a unique opportunity to own a piece of history. Established in the 1920s, this property offers a blend of historic ambiance and modern comforts. Situated on a 3.74-acre estate, the Lodge provides a mountain experience enhanced by modern upgrades. The property features a grand 1,800 +/-sf great room, complete with log-beam ceilings and a natural stone fireplace. There are ten guest rooms that have been remodeled for contemporary comfort, along with new doors and windows that provide natural light, and new carpeting. A solar system is installed to reduce environmental impact and energy costs. The Lodge on Palomar Mountain is suited for creating lasting memories. The property size is 5,584 square feet and is located at 22228 Crestline Rd., Palomar Mountain, CA 92060.
Key Highlights
- Historic lodge established in the 1920s on 3.74 acres.
- Boasts a stunning 1,800 +\/- sf. great room with log‑beam ceilings and stone fireplace.
- Ten completely remodeled guest rooms.
Local Financial Insights For Hotel Hospitality
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 | $225.1k | $40.32 |
| − Vacancy | −$32.2k | −$5.77 |
| EGI | $193.0k | $34.55 |
| − OpEx | −$101.3k | −$18.14 |
| NOI | $91.7k | $16.41 |
5,584 SF · lease $40.32/SF/yr · vacancy 14.30% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.31M
$1.15M – $1.53M
NOI $91,652 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $179,088 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bed & breakfasts
FAQs
What type of property is this?
Bed & breakfast - Historic lodge with modern upgrades on scenic 3.74-acre estate.
Where is this bed & breakfast located?
The property is located at 22228 Crestline Rd Palomar Mountain, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Historic lodge established in the 1920s on 3.74 acres.; Boasts a stunning 1,800 +\/- sf. great room with log‑beam ceilings and stone fireplace.; Ten completely remodeled guest rooms.
