Commercial Land with Existing
For Sale
Contact for pricing
32223 Yucaipa Blvd, Yucaipa, CA 92399
General Commercial zoning and approximately 23,000 cars per day support commercial visibility along Yucaipa Boulevard.
Property Size822 SF
Price / SF$334.55
Days on Market223
Property Features for 32223 Yucaipa Blvd
General Information
Standard status
Active
Size
822 SF
Property subtype
Land
Zoning
General Commercial
Building Details
Year Built
1947
Buildings
1
Stories
1
Units
1
Listing Agency:
ALL-IN-ONE REAL ESTATE SERVICES
Listed By:
Janna Ascasio · License #01824217
Source:
Crexi
Added: Jan 19
Changed: Aug 29
Last Checked: Aug 29 at 7:49PM
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 ALL-IN-ONE REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This General Commercial site encompasses approximately 9,477 square feet along Yucaipa Boulevard in Yucaipa, California. An existing structure, identified as built in 1947, remains on the property but is boarded up and not available for interior inspection. The offering is conveyed in its current condition, with no representations regarding the building, permitted uses, zoning, permits, or development potential.
The parcel fronts a corridor carrying approximately 23,000 cars per day and is positioned near schools, established residential areas, and local amenities. Preliminary city discussions indicate that a small drive-thru concept may be considered, subject to the buyer’s independent review of zoning, permits, entitlements, and other due diligence requirements. Potential commercial applications mentioned for the site include office, professional services, retail, and other small commercial uses, all subject to verification.
The parcel fronts a corridor carrying approximately 23,000 cars per day and is positioned near schools, established residential areas, and local amenities. Preliminary city discussions indicate that a small drive-thru concept may be considered, subject to the buyer’s independent review of zoning, permits, entitlements, and other due diligence requirements. Potential commercial applications mentioned for the site include office, professional services, retail, and other small commercial uses, all subject to verification.
Key Highlights
- Approximately 9,477 SF commercial land parcel
- General Commercial zoning
- Approximately 23,000 cars per day along Yucaipa Boulevard
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
$11,782
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
4.28%
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%
$235,640
$235.6K
Cap Rate 7%
$168,314
$168.3K
Cap Rate 9%
$130,911
$130.9K
Market Conditions
NOI Build-Up for 822 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
$17.8K $21.60/SF
− Vacancy
−$923 −$1.12/SF
EGI
$16.8K $20.48/SF
− OpEx
−$5.0K −$6.14/SF
NOI
$11.8K $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 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%
$235,640
Cap Rate 7%
$168,314
Cap Rate 9%
$130,911
Alternative Uses
Best Use
Retail
$168.3K
$147.3K – $196.4K
NOI $11,782 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$173.4K
$151.7K – $202.3K
NOI $12,137 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
7,744 visits/mo
0.3 miles
SecurCare Self Storage
Shops & Services
432 visits/mo
0.3 miles
Demographics for 92399, CA
55,794
Population
19,382
Households
2.9
Avg Household Size
40
Median Age
26%
College-Educated
89%
High-School Grad
53.6 sq mi
ZIP Area
1,041
Density / Sq Mi
$94,718
Median Household Income
$46,011
Median Earnings
$1,658
Median Rent
$472,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - General Commercial zoning and approximately 23,000 cars per day support commercial visibility along Yucaipa Boulevard.
Where is this commercial land located?
The property is located at 32223 Yucaipa Blvd Yucaipa, CA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Approximately 9,477 SF commercial land parcel; General Commercial zoning; Approximately 23,000 cars per day along Yucaipa Boulevard
