Building Details

Year built 1946

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: Sep 2 Last Checked: Oct 7 at 6:06AM

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MLS# PW24198346

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Investment Insights

Based on property information with market context.

26374 Apache Trail is a commercial property used as an additional lot for the equipment rental business “Lake Arrowhead Rentals Inc.” The building is a two-story single-family home built in 1946 and currently described as being in distressed condition.

According to the seller’s remarks, the home was the first office of the local newspaper “The Mountain News” when it opened in the 1950s. The property is located in Rimforest close to Lake Arrowhead at an elevation of 5,600 feet.

The property is being sold together with the adjacent property at 26321–26325 Pine Ave and the Lake Arrowhead Rentals equipment rental business, with all inventory and equipment included.

Key Highlights

• Built in 1946; two‑story single‑family home used as an additional lot for Lake Arrowhead Rentals Inc. equipment rental business
• Located on a 1/3‑acre lot in Rimforest near Lake Arrowhead at an elevation of 5,600 feet
• Property is in distressed condition

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,853

Cap Rate

3.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$177,060 $177.1K

Cap Rate 7%

$126,471 $126.5K

Cap Rate 9%

$98,367 $98.4K

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$17.2K $17.16/SF

− Vacancy

−$1.1K −$1.06/SF

EGI

$16.1K $16.10/SF

− OpEx

−$7.2K −$7.24/SF

NOI

$8.9K $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 Rate 5%

$177,060

Cap Rate 7%

$126,471

Cap Rate 9%

$98,367

Alternative Uses

Best Use

Apartment 5plus

$126.5K

$110.7K – $147.6K (±1% cap)

NOI $8,853 @ 7.0% cap · market cap 3.54%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$210.9K

$184.6K – $246.1K (±1% cap)

NOI $14,765 @ 7.0% cap · market cap 5.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Commercial land

Lease Details

Turnkey business

Opportunity

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

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Commercial land - Built in 1946 and in distressed condition, this two-story office building is used as part of an equipment rental site.

Where is this commercial land located?

The property is located at 26374 Apache Trail Rimforest, CA.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Built in 1946; two‑story single‑family home used as an additional lot for Lake Arrowhead Rentals Inc. equipment rental business; Located on a 1/3‑acre lot in Rimforest near Lake Arrowhead at an elevation of 5,600 feet; Property is in distressed condition