Retail Property with
For Sale
$1,850,000
39065 Oak Glen Road, Oak Glen, CA 92399
COMMERCIAL - Oak Glen, CA
Property Size5,190 SF
Lot Size4.20 Acres
Price / SF$356.45
Days on Market344
Property Features for 39065 Oak Glen Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OG/CG-SCP
Bedrooms
4
Bathrooms
6
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 1, Family Room, Laundry Room, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 4
Parking
4
Parking features
Driveway, RV
Patio and Porch features
Patio
Interior features
Beamed Ceilings, Ceramic Counters, Tile Counters, Cathedral Ceiling(s)
Fencing
Chain Link
Fireplace
1
Appliances
6 Burner Stove, Propane Range, Tankless Water Heater, Propane Water Heater
Lot features
Lot Over 40000 Sqft
Elementary school district
Yucaipa/Calimesa Unified
Middle school district
Yucaipa/Calimesa Unified
High school district
Yucaipa/Calimesa Unified
Directions
Across from Oak Tree Village, up Harris Rd first Drive on the left.
Subdivision
269 - Yucaipa/Calimesa/Oak Glen
Standard status
Active
APN
0324083070000
Size
5,190 SF
Lot size
4.20 Acres
Utilities
Utilities
Propane
Sewer type
Unknown
Heating system
Wood Stove, Wood, Central
Water source
Well
Building Details
Year built
1923
Floors in Building
1
Number of units
3
Flooring type
Vinyl, Carpet
Building materials
Plaster, Wood Siding, Brick, Drywall Walls
Roof type
Composition
Additional Structures
Guest House
Listing Agency:
RE/MAX ADVANTAGE · RE/MAX International
(909) 797-4133
Listed By:
Lavonne Webb · License #01027400
(909) 913-7813
Added: Sep 9, 2025
Changed: Aug 18
Last Checked: Aug 18 at 2:06PM
MLS# IG25201041
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 retail-oriented property combines two parcels totaling 4.2 acres with commercial zoning and residential use. The improvements include an approximately 980-square-foot retail shop, two homes, outbuildings, a guest cabin, and an outdoor activity area. The original 1923 homestead offers open-beam ceilings, living and family rooms, an open kitchen with a commercial-grade stove, two bedrooms, and a bonus room. A second single-story home, built in 1997, includes two bedrooms, an office, a loft, high ceilings, and viewing decks.
The property is located across from the Oak Tree Mountain shops in Oak Glen, an established tourist community. A tree-lined drive connects the road to the retail area, while the mostly level acreage includes a graded drive and space for outdoor events. Each parcel has separate systems, its own well, and holding tanks. The property is approximately 45 minutes from Palm Springs International Airport and Ontario International Airport.
The property is located across from the Oak Tree Mountain shops in Oak Glen, an established tourist community. A tree-lined drive connects the road to the retail area, while the mostly level acreage includes a graded drive and space for outdoor events. Each parcel has separate systems, its own well, and holding tanks. The property is approximately 45 minutes from Palm Springs International Airport and Ontario International Airport.
Key Highlights
- Two parcels totaling 4.2 acres with commercial zoning and residential use
- Approximately 980‑square‑foot retail shop with additional commercial‑use homestead space
- Two homes: a 1923 homestead and a 1997 single‑story residence
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
$74,392
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
4.02%
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%
$1,487,840
$1.5M
Cap Rate 7%
$1,062,743
$1.1M
Cap Rate 9%
$826,578
$826.6K
Market Conditions
NOI Build-Up for 5,190 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
$112.1K $21.60/SF
− Vacancy
−$5.8K −$1.12/SF
EGI
$106.3K $20.48/SF
− OpEx
−$31.9K −$6.14/SF
NOI
$74.4K $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%
$1,487,840
Cap Rate 7%
$1,062,743
Cap Rate 9%
$826,578
Alternative Uses
Best Use
Retail
$1.06M
$929.9K – $1.24M
NOI $74,392 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$957.9K – $1.28M
NOI $76,633 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
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?
Retail space - Commercial zoning accommodates retail and residential use across two parcels in Oak Glen.
Where is this retail space located?
The property is located at 39065 Oak Glen Road Oak Glen, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two parcels totaling 4.2 acres with commercial zoning and residential use; Approximately 980‑square‑foot retail shop with additional commercial‑use homestead space; Two homes: a 1923 homestead and a 1997 single‑story residence
