Storefront with Loft Flex
23875 Lake Crestline, CA 92325
For Sale
$494,999
Vacant storefront with rear open area and upstairs loft flex space, plus an included adjoining parcel.
Property Size1,308 SF
Price / SF$378.44
Days on Market93
Property Features for 23875 Lake
General Information
Standard status
Active
Size
1,308 SF
Property subtype
Mixed Use
Building Details
Year Built
1940
Listing Agency:
Realty ONE Group Empire
(760) 407-6444
Listed By:
Alysha Santa Cruz · License #02215540
Source:
Xome
Added: Apr 28
Changed: Jul 10
Last Checked: Jun 14 at 1:37AM
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 Realty ONE Group Empire
Investment Insights
Based on property information with market context.
This vacant commercial storefront is set up with a front retail presence and an expansive open area in the rear designed to support flexible layouts. The shop includes a restroom and kitchen area that can support office use, storage, studio operations, or break-room needs. Upstairs, a loft-style flex space adds additional room for a variety of concepts.
The property is positioned in a high-visibility setting directly off Lake Drive, with access for both foot and vehicle activity. Also included in the sale is an adjoining second parcel, which can support dedicated customer parking and outdoor uses such as entertainment space, inventory storage, or future development and expansion.
With its combined storefront, rear open area, and upstairs loft, the building can fit a range of retail, boutique, gallery, entertainment, office, restaurant, or mixed-use business models. The included second parcel provides flexibility for operational needs like parking, outdoor programming, or storing inventory, depending on how the business intends to use the site.
The property is positioned in a high-visibility setting directly off Lake Drive, with access for both foot and vehicle activity. Also included in the sale is an adjoining second parcel, which can support dedicated customer parking and outdoor uses such as entertainment space, inventory storage, or future development and expansion.
With its combined storefront, rear open area, and upstairs loft, the building can fit a range of retail, boutique, gallery, entertainment, office, restaurant, or mixed-use business models. The included second parcel provides flexibility for operational needs like parking, outdoor programming, or storing inventory, depending on how the business intends to use the site.
Key Highlights
- Vacant commercial storefront with approx. 5,160 SF and a storefront front plus expansive rear open area
- Rear space offers flexible use for special events, workshops, private gatherings, expanded retail displays, or creative workspace
- Upstairs loft‑style flex space for additional office, studio, or business functionality
Financial Insights For Retail
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 | $28.3k | $21.60 |
| − Vacancy | −$1.5k | −$1.12 |
| EGI | $26.8k | $20.48 |
| − OpEx | −$8.0k | −$6.14 |
| NOI | $18.7k | $14.33 |
1,308 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$267.8K
$234.4K – $312.5K
NOI $18,749 @ 7.0% cap · market cap 3.79%
Second Best
Office B
$219.9K
$192.5K – $256.6K
NOI $15,396 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$275.9K
$241.4K – $321.9K
NOI $19,313 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant storefront with rear open area and upstairs loft flex space, plus an included adjoining parcel.
Where is this storefront property located?
The property is located at 23875 Lake Crestline, CA.
What is the asking price?
The asking price for this property is $494,999.
What are key features of this property?
This property features: Vacant commercial storefront with approx. 5,160 SF and a storefront front plus expansive rear open area; Rear space offers flexible use for special events, workshops, private gatherings, expanded retail displays, or creative workspace; Upstairs loft‑style flex space for additional office, studio, or business functionality
