Listing Agency: Keller Williams Legacy · Keller Williams Realty k***@kw.com Show Phone

Listed By: Cyrus Peinado · License #02139231 Show Phone

Added: Aug 27, 2024 Changed: Nov 2 Last Checked: Nov 3 at 1:06AM

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MLS# PW24198331

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

At 26325 Pine Avenue in Rimforest, this mixed-use building brings together storefront, office, studio apartment, and shop areas. The shop space has roll-up doors, and the property includes land for equipment storage, including a separate lot reached from Rim of the World Highway.

The offering also includes the adjacent property at 26374 Apache Trail and the Lake Arrowhead Rentals equipment rental business, with its inventory and equipment.

Key Highlights

• 3,066 sq ft building on just over 1/3 of an acre
• Storefront, office, studio apartment, and shop space with roll‑up doors
• Equipment storage area behind the shop, plus a separate lot with access from Rim of the World Highway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,947

Cap Rate

5.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$878,940 $878.9K

Cap Rate 7%

$627,814 $627.8K

Cap Rate 9%

$488,300 $488.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,066 SF

Gross rent

$66.2K $21.60/SF

− Vacancy

−$3.4K −$1.12/SF

EGI

$62.8K $20.48/SF

− OpEx

−$18.8K −$6.14/SF

NOI

$43.9K $14.33/SF

Area

San Bernardino County, CA

Vacancy

5.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$878,940

Cap Rate 7%

$627,814

Cap Rate 9%

$488,300

Alternative Uses

Best Use

Retail

$627.8K

$549.3K – $732.5K (±1% cap)

NOI $43,947 @ 7.0% cap · market cap 5.86%

Second Best

Mixed Use

$355.1K

$310.7K – $414.3K (±1% cap)

NOI $24,858 @ 7.0% cap · market cap 3.31%

Theoretical Best

Office A

$646.7K

$565.9K – $754.5K (±1% cap)

NOI $45,271 @ 7.0% cap · market cap 6.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

230

Businesses Nearby

Explore this area Business Placement

Demographics for 92378, CA

677

Population

336

Households

2

Avg Household Size

44

Median Age

32%

College-Educated

78%

High-School Grad

0.8 sq mi

ZIP Area

846

Density / Sq Mi

$70,515

Median Household Income

$66,645

Median Earnings

$1,278

Median Rent

$350,000

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The building combines customer-facing storefront space with office, residential, and shop areas.

Where is this mixed-use property located?

The property is located at 26325 Pine Avenue Rimforest, CA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 3,066 sq ft building on just over 1/3 of an acre; Storefront, office, studio apartment, and shop space with roll‑up doors; Equipment storage area behind the shop, plus a separate lot with access from Rim of the World Highway