Owner-User Retail Building with Two
3667-3669 Highland Avenue Highland, CA 92346
3667-3669 Highland Avenue, Highland, CA, 92346
$995,000
For Sale
$995,000
Retail building configured into two units, with recent roof, façade, canopy, and lighting improvements along Highland Avenue.
Property Size4,320 SF
Price / SF$230.32
Days on Market50
Property Features for 3667-3669 Highland Avenue
General Information
- Standard status
- Active
- Size
- 4,320 SF
- Property subtype
- Retail
Listing agency
Progressive Real Estate Partners
(901) 277-3093
Listed by
Lance Mordachini · License #CalDRE #02153137
(901) 277-3093
Source
Progressiverep
Added: Jun 2 Updated: Jul 20 at 11:21PM Checked: Jul 21 at 5:20AM
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 Progressive Real Estate Partners
Investment Insights
Based on property information with market context.
A ±4,320 SF owner-user retail property configured into two units, offering the option for an owner to occupy one suite while leasing the second unit to help offset occupancy costs. The layout also allows a buyer to occupy the entire building by removing the dividing wall. Recent capital improvements include a new roof, façade, canopy, and lighting.
The property is located along Highland Avenue, the area’s primary retail corridor, with exposure to approximately 29,540 vehicles per day at the signalized intersection of Palm Avenue and Highland Avenue. Surrounding demand drivers referenced in the offering include Yaamava Resort & Casino, nearby medical uses, and new housing.
Financing is available to owner-users through the Small Business Administration (SBA), with down payments as low as 10% noted in the offering materials.
The property is located along Highland Avenue, the area’s primary retail corridor, with exposure to approximately 29,540 vehicles per day at the signalized intersection of Palm Avenue and Highland Avenue. Surrounding demand drivers referenced in the offering include Yaamava Resort & Casino, nearby medical uses, and new housing.
Financing is available to owner-users through the Small Business Administration (SBA), with down payments as low as 10% noted in the offering materials.
Key Highlights
- ±4,320 SF owner‑user retail property at 3667–3669 Highland Avenue, configured into two units
- Option to occupy one suite and lease the other to offset occupancy costs; dividing wall can be removed to use the full building
- Recent improvements include a new roof, façade, canopy, and exterior lighting
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 | $93.3k | $21.60 |
| − Vacancy | −$4.9k | −$1.12 |
| EGI | $88.5k | $20.48 |
| − OpEx | −$26.5k | −$6.14 |
| NOI | $61.9k | $14.33 |
4,320 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$884.6K
$774.0K – $1.03M
NOI $61,922 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$911.2K
$797.3K – $1.06M
NOI $63,787 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building configured into two units, with recent roof, façade, canopy, and lighting improvements along Highland Avenue.
Where is this retail space located?
The property is located at 3667-3669 Highland Avenue Highland, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: ±4,320 SF owner‑user retail property at 3667–3669 Highland Avenue, configured into two units; Option to occupy one suite and lease the other to offset occupancy costs; dividing wall can be removed to use the full building; Recent improvements include a new roof, façade, canopy, and exterior lighting
