Restaurant Property For
For Sale
$395,000
27967 Greenspot Rd, Highland, CA 92346
Restaurant property offered for sale in Highland, California, with directions listed for access via 210 and Greenspot.
Property Size2,600 SF
Price / SF$151.92
Days on Market50
Property Features for 27967 Greenspot Rd
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Business Opportunity
Zoning
c
Building Details
Building Size
2,600 SF
Year Built
2021
Listing Agency:
Homesmart PV & Assoc.
Listed By:
Mehar Jodha · License #01802718
(510) 754-7484
Source:
Evrealestate
Added: Jul 17
Changed: Aug 23
Last Checked: Sep 4 at 4:02AM
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 Homesmart PV & Assoc.
Investment Insights
Based on property information with market context.
This for-sale restaurant property is listed as a conventional restaurant. The offering includes a total property size of 2,600 square feet, and it is presented as commercial real estate suitable for restaurant-oriented use.
The property is located at 27967 Greenspot Rd in Highland, CA 92346. Directions are provided via “210/Greenspot,” with the site situated in San Bernardino County.
For additional details on condition, layout, and any improvements, interested parties should request the full marketing package or contact the listing broker.
The property is located at 27967 Greenspot Rd in Highland, CA 92346. Directions are provided via “210/Greenspot,” with the site situated in San Bernardino County.
For additional details on condition, layout, and any improvements, interested parties should request the full marketing package or contact the listing broker.
Key Highlights
- Restaurant property for sale in Highland, California
- Year built: 2021
- Directions listed for access via I‑210 and Greenspot
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
$25,215
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
6.38%
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%
$504,300
$504.3K
Cap Rate 7%
$360,214
$360.2K
Cap Rate 9%
$280,167
$280.2K
Market Conditions
NOI Build-Up for 2,600 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
$35.9K $13.80/SF
− Vacancy
−$2.3K −$0.87/SF
EGI
$33.6K $12.93/SF
− OpEx
−$8.4K −$3.23/SF
NOI
$25.2K $9.70/SF
Area
San Bernardino County, CA
Vacancy
6.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
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%
$504,300
Cap Rate 7%
$360,214
Cap Rate 9%
$280,167
Alternative Uses
Best Use
Specialty Retail
$360.2K
$315.2K – $420.3K
NOI $25,215 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.4K
$479.9K – $639.8K
NOI $38,390 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
167k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Home Improvements & Furnishings 24%
Shops & Services 13%
Electronics 5%
In-N-Out Burger
Dining
58,612 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
39,671 visits/mo
0.2 miles
Chevron
Shops & Services
20,916 visits/mo
0.1 miles
Del Taco
Dining
16,489 visits/mo
0.1 miles
AT&T
Electronics
8,159 visits/mo
0.1 miles
Demographics for 92346, CA
57,812
Population
18,075
Households
3.2
Avg Household Size
36
Median Age
25%
College-Educated
84%
High-School Grad
27.1 sq mi
ZIP Area
2,133
Density / Sq Mi
$84,818
Median Household Income
$40,066
Median Earnings
$1,654
Median Rent
$461,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property offered for sale in Highland, California, with directions listed for access via 210 and Greenspot.
Where is this conventional restaurant located?
The property is located at 27967 Greenspot Rd Highland, CA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Restaurant property for sale in Highland, California; Year built: 2021; Directions listed for access via I‑210 and Greenspot
