Mixed-Use Flex and Industrial
32765 Hilltop Boulevard Running Springs, CA 92382
COMMERCIAL - Arrowbear, CA
Property size:
6,232 SFPrice / SF:
$240/SF- Added:
- May 23, 2026
- Days on Market:
- 49
- Last Refresh:
- Jul 10 at 11:06 am
Property Features for 32765 Hilltop Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0295242290000
Building Details
- Year built
- 1984
Listing agent Kim Sellers License #01412099 (909) 725-1248
Listing office COLDWELL BANKER SKY RIDGE REALTY 27206 HWY 189, Lake Arrowhead, CA (909) 336-2131
Listing date May 23, 2026
MLS# IG26112405
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use flex and industrial property consists of approximately 6,232 square feet of total gross building area across three separate structures on one uniquely configured parcel. The front of the site includes a 1,934-square-foot retail/commercial storefront. Toward the rear are two additional industrial-oriented buildings: a 1,882-square-foot industrial/storage building and a substantial 2,416-square-foot two-story workshop facility. The property also includes additional shed storage, supporting a range of equipment and inventory needs. Improvements are currently demised into four separate units, and the premises are 100% owner occupied.
The site is configured to accommodate both industrial and residential zoning components, with the front portion zoned industrial and the rear section including residentially zoned land. The listing also notes that the shed storage can be rented to multiple parties with separate meters, which may help streamline operations for tenants or an owner-user setup.
For owner-users and operators, the combination of a front-facing storefront with back-of-house industrial space can support service-based businesses, contractors, light industrial use, or storage-focused operations under one ownership footprint. Buyers considering an investor or multi-tenant approach may find the existing four-unit demising and separate-meter potential useful for dividing occupancy across the different structures and storage areas, subject to applicable approvals.
The site is configured to accommodate both industrial and residential zoning components, with the front portion zoned industrial and the rear section including residentially zoned land. The listing also notes that the shed storage can be rented to multiple parties with separate meters, which may help streamline operations for tenants or an owner-user setup.
For owner-users and operators, the combination of a front-facing storefront with back-of-house industrial space can support service-based businesses, contractors, light industrial use, or storage-focused operations under one ownership footprint. Buyers considering an investor or multi-tenant approach may find the existing four-unit demising and separate-meter potential useful for dividing occupancy across the different structures and storage areas, subject to applicable approvals.
Key Highlights
- 1984‑built mixed‑use industrial/commercial property with approx. 6,232 SF total gross building area across three structures
- Front 1,934 SF retail/commercial storefront plus rear industrial buildings totaling 1,882 SF and 2,416 SF two‑story workshop
- Demised improvements into four separate units; currently 100% owner occupied
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.6k | $21.60 |
| − Vacancy | −$7.0k | −$1.12 |
| EGI | $127.6k | $20.48 |
| − OpEx | −$38.3k | −$6.14 |
| NOI | $89.3k | $14.33 |
6,232 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,328 @ 7.0% cap · market cap 5.96%
Second Best
Warehouse
$887.8K
$776.8K – $1.04M
NOI $62,143 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,018 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Three-structure parcel combines a front storefront with industrial and storage buildings plus shed space for flexible operations.
Where is this flex space located?
The property is located at 32765 Hilltop Boulevard Running Springs, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1984‑built mixed‑use industrial/commercial property with approx. 6,232 SF total gross building area across three structures; Front 1,934 SF retail/commercial storefront plus rear industrial buildings totaling 1,882 SF and 2,416 SF two‑story workshop; Demised improvements into four separate units; currently 100% owner occupied
