Mixed-Use Property with Retail
For Sale
$1,850,000
39065 Oak Glen Road, Oak Glen, CA 92399
Two commercial parcels combine retail improvements, residential structures, outdoor areas, and commercial zoning in a destination-oriented setting.
Property Size5,190 SF
Lot Size4.20 Acres
Price / SF$356.45
Days on Market226
Property Features for 39065 Oak Glen Road
General Information
Standard status
Active
Size
5,190 SF
Total Parking Spaces
16
Lot size
4.20 Acres
Property subtype
Retail
Zoning
commercial
Additional Details
Road Access
Yes
Land Use
commercial, residential, retail
Amenities
handicap bathroom
large inside and out dining space
open beam ceilings
gated in/out entrance
covered stalls
storage building with electrical
cabin with firepit and log seating
small retail open shed
three separate front entrances
3
Composition
16 Parking Spaces.
Building Details
Year Built
1923
Listing Agency:
RE/MAX ADVANTAGE
(909) 797-4133
Listed By:
Lavonne Webb · License #01027400
Source:
Xome
Added: Jan 16
Changed: Aug 30
Last Checked: Aug 30 at 12:50PM
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 RE/MAX ADVANTAGE
Investment Insights
Based on property information with market context.
This mixed-use offering includes two commercial parcels totaling 4.2 acres. Improvements include approximately 980 square feet of retail space with a handicap bathroom, an original homestead with open-beam ceilings and multiple entrances, a 2,136-square-foot single-story home with a loft, a small cabin, a storage building with electrical service, and additional outbuildings. The homestead includes a kitchen and interior and exterior areas that have been used for dining. A paved parking area accommodates 16 vehicles, and the property has gated access.
The larger section encompasses 3 acres with a cabin, gathering area, covered stalls, and space that has supported retail, food-related, agricultural, animal, camping, and outdoor activities. The adjoining 1.2-acre parcel retains commercial zoning and includes a small open retail shed for local goods. The property is located across from the Oak Tree Mountain shops in Oak Glen, near orchards, farms, gardens, and visitor-oriented activities.
The larger section encompasses 3 acres with a cabin, gathering area, covered stalls, and space that has supported retail, food-related, agricultural, animal, camping, and outdoor activities. The adjoining 1.2-acre parcel retains commercial zoning and includes a small open retail shed for local goods. The property is located across from the Oak Tree Mountain shops in Oak Glen, near orchards, farms, gardens, and visitor-oriented activities.
Key Highlights
- Two commercial parcels totaling 4.2 acres
- Approximately 980 SF retail space with handicap bathroom
- 2,136 SF single‑story home with loft on adjoining 1.2‑acre parcel
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
Mixed Use
$601.1K
$526.0K – $701.3K
NOI $42,078 @ 7.0% cap · market cap 2.27%
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
57
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?
Mixed-use property - Two commercial parcels combine retail improvements, residential structures, outdoor areas, and commercial zoning in a destination-oriented setting.
Where is this mixed-use property 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 commercial parcels totaling 4.2 acres; Approximately 980 SF retail space with handicap bathroom; 2,136 SF single‑story home with loft on adjoining 1.2‑acre parcel
