Corner-Lot Mixed-Use
New
For Sale
$575,000
40143 Big Bear Blvd, Big Bear Lake, CA 92315
C-3 zoning with approved residential use supports a combined commercial and living arrangement.
Property Size2,160 SF
Days on Market2
Property Features for 40143 Big Bear Blvd
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Commercial
Zoning
C-3
Building Details
Building Size
2,160 SF
Year Built
2000
Units
2
Listing Agency:
RE/MAX Big Bear
Listed By:
Mike Wochner · License #01260465
(909) 633-2558
Source:
Elliman
Added: Sep 4
Last Checked: Sep 4 at 3:08PM
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 Big Bear
Investment Insights
Based on property information with market context.
Built in 2000, this mixed-use property combines commercial functionality with residential accommodations on a corner lot along Big Bear Boulevard. The upper level includes a spacious suite, large bedroom, full kitchen, living room, and full bath, while a lower-level office provides a private half bath for business use.
An oversized heated attached garage adds workshop space, a half bath, and a laundry area. Exterior features include a side-yard deck, front decking, and additional storage. The property carries C-3 commercial zoning with approved residential use, providing a documented framework for live-work occupancy or other mixed-use applications.
An oversized heated attached garage adds workshop space, a half bath, and a laundry area. Exterior features include a side-yard deck, front decking, and additional storage. The property carries C-3 commercial zoning with approved residential use, providing a documented framework for live-work occupancy or other mixed-use applications.
Key Highlights
- C‑3 commercial zoning with approved residential use
- Corner‑lot property along Big Bear Boulevard
- Upper level includes suite, bedroom, kitchen, living room, and full bath
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
$25,424
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
4.42%
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%
$508,480
$508.5K
Cap Rate 7%
$363,200
$363.2K
Cap Rate 9%
$282,489
$282.5K
Market Conditions
NOI Build-Up for 2,160 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
$36.8K $17.04/SF
− Vacancy
−$2.9K −$1.35/SF
EGI
$33.9K $15.69/SF
− OpEx
−$8.5K −$3.92/SF
NOI
$25.4K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$508,480
Cap Rate 7%
$363,200
Cap Rate 9%
$282,489
Alternative Uses
Best Use
Office B
$363.2K
$317.8K – $423.7K
NOI $25,424 @ 7.0% cap · market cap 4.42%
Second Best
Mixed Use
$250.2K
$218.9K – $291.9K
NOI $17,512 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$455.6K
$398.7K – $531.6K
NOI $31,893 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 92315, CA
5,148
Population
9,861
Households
0.5
Avg Household Size
51
Median Age
34%
College-Educated
92%
High-School Grad
29.4 sq mi
ZIP Area
175
Density / Sq Mi
$79,293
Median Household Income
$43,778
Median Earnings
$1,278
Median Rent
$538,200
Median Home Value
Market
Vacancy Rate% for Office 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 - C-3 zoning with approved residential use supports a combined commercial and living arrangement.
Where is this mixed-use property located?
The property is located at 40143 Big Bear Blvd Big Bear Lake, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: C‑3 commercial zoning with approved residential use; Corner‑lot property along Big Bear Boulevard; Upper level includes suite, bedroom, kitchen, living room, and full bath
