Freestanding Day Spa
New
For Sale
$1,030,000
325 Cajon St, Redlands, CA 92373
Character cottage with treatment rooms, a steam room, garden patio, and a second-floor studio suite.
Property Size2,490 SF
Lot Size0.17 Acres
Price / SF$413.65
Days on Market2
Property Features for 325 Cajon St
General Information
Standard status
Active
Size
2,490 SF
Total Parking Spaces
4
Lot size
0.17 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Sprinkler System
Yes
Amenities
Outdoor Patio Garden Lounge
Waiting Room with Gas Fireplace
Steam Room
Central A/C & Heat
Camera Security System
Building Details
Building Size
2,490 SF
Year Built
1930
Buildings
1
Stories
2
Construction
cottage
Tenancy
Single
Listing Agency:
KELLER WILLIAMS REALTY
(909) 330-8123
Listed By:
Teri Alvarez · License #01498790
(909) 330-8123
Source:
Elliman
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 4:20AM
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 KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
Located at 325 Cajon Street in Redlands, this 1930 freestanding retail property combines a character cottage setting with an operating day spa business. The 2,490-square-foot building sits on a 7,300-square-foot/.17-acre lot and includes a reception lobby, five treatment rooms, a steam room, break room with kitchen, two restrooms, laundry hookups, central A/C and heat, updated finishes, decorative lighting, and a waiting area with a gas fireplace. A fire sprinkler system, camera security, four rear parking spaces, and prominent yard-post signage are also included.
The property features an outdoor patio garden lounge and a second-floor studio suite with a restroom, shower, kitchenette, open floor area, office nook, and exterior patio with wood gazebo. Furniture, fixtures, equipment, inventory, branding, social media, website, and client databases are included for continued business operations, with training negotiable. The site is adjacent to an Optum medical facility, less than 1 mile north of downtown, and a 1.2-mile drive from I-10.
The property features an outdoor patio garden lounge and a second-floor studio suite with a restroom, shower, kitchenette, open floor area, office nook, and exterior patio with wood gazebo. Furniture, fixtures, equipment, inventory, branding, social media, website, and client databases are included for continued business operations, with training negotiable. The site is adjacent to an Optum medical facility, less than 1 mile north of downtown, and a 1.2-mile drive from I-10.
Key Highlights
- 2,490 SF freestanding retail building on a 7,300 SF/.17ac lot
- Established day spa business and operating assets included with the real estate
- Five treatment rooms, 1 steam room, 2 restrooms, and laundry hookups
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
$35,691
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
3.47%
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%
$713,820
$713.8K
Cap Rate 7%
$509,871
$509.9K
Cap Rate 9%
$396,567
$396.6K
Market Conditions
NOI Build-Up for 2,490 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
$53.8K $21.60/SF
− Vacancy
−$2.8K −$1.12/SF
EGI
$51.0K $20.48/SF
− OpEx
−$15.3K −$6.14/SF
NOI
$35.7K $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%
$713,820
Cap Rate 7%
$509,871
Cap Rate 9%
$396,567
Alternative Uses
Best Use
Retail
$509.9K
$446.1K – $594.9K
NOI $35,691 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.2K
$459.6K – $612.8K
NOI $36,766 @ 7.0% cap · market cap 3.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,645
Businesses Nearby
271k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 26%
Groceries 17%
Beauty & Spa 1%
Albertsons
Groceries
45,966 visits/mo
0.5 miles
McDonald's
Dining
30,758 visits/mo
0.3 miles
ARCO
Shops & Services
26,434 visits/mo
0.4 miles
Bank of America
Shops & Services
23,902 visits/mo
0.4 miles
Starbucks
Dining
19,736 visits/mo
0.4 miles
Demographics for 92373, CA
35,348
Population
14,501
Households
2.4
Avg Household Size
41
Median Age
53%
College-Educated
94%
High-School Grad
39.8 sq mi
ZIP Area
888
Density / Sq Mi
$99,354
Median Household Income
$64,533
Median Earnings
$1,886
Median Rent
$713,200
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.
Similar Off Market Nearby
- Heart Centrd — 421 La Verne St, Redlands, CA 92373
- Hope Acupucture & Herbs — 710 Brookside Ave suite 2, Redlands, CA 92373
- Lund Chiropractic — 710 Brookside Ave suite# 7, Redlands, CA 92373
- Bin Gao — 710 Brookside Ave, Redlands, CA 92373
- Selah Wellness — 555 Cajon St suite f, Redlands, CA 92373
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Character cottage with treatment rooms, a steam room, garden patio, and a second-floor studio suite.
Where is this spa & wellness property located?
The property is located at 325 Cajon St Redlands, CA.
What is the asking price?
The asking price for this property is $1,030,000.
What are key features of this property?
This property features: 2,490 SF freestanding retail building on a 7,300 SF/.17ac lot; Established day spa business and operating assets included with the real estate; Five treatment rooms, 1 steam room, 2 restrooms, and laundry hookups
