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    Multi-Unit Retail Storefront Title is generated by Realmo AI

    40585 Big Bear Blvd, Big Bear Lake, CA 92315

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    For Sale
    $799,000

    Four air-conditioned retail units offer a month-to-month lease structure after November.

    Type:Commercial
    Property size:
    3,150 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $253/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 2:05 am

    Property Features for 40585 Big Bear Blvd

    General Information

    Standard status
    Active
    Size
    3,150 SF
    Lot size
    0.53 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Israel Barden

    Listing agent Israel Barden License #1377973

    Listing office

    Listing date Jun 4, 2026

    Source Elliman

    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 Israel Barden

    HighLights

    • Commercial property with 4 retail units, all currently rented
    • 3,630 SF across three units plus one 1,260 SF unit
    • Large 23,200 SF lot
    • All units have air conditioning; building and units reported in good condition
    • Current zoning: commercial village retail
    • Leases become month‑to‑month after November; all tenants want to stay

    Overview

    This retail property features four separate units in good condition. There are three 630-square-foot units and one 1,260-square-foot unit, and all units include air conditioning. The building sits on a large 23,200-square-foot lot, and the property is currently zoned commercial village retail.

    Located on Big Bear Blvd in Big Bear Lake, the site is across the street from the lake and about two blocks from Big Bear Village. The configuration and rental setup make it well-suited for tenants looking for individual, street-level retail spaces with dedicated HVAC.

    All four units are currently rented, and tenants have expressed interest in staying. Leases will move to a month-to-month structure after November, giving an operator flexibility for continued occupancy and future leasing. With multiple unit sizes under one roof, the property can accommodate a range of retail users while preserving separate spaces for each tenant. The combination of maintained building condition, on-unit air conditioning, and commercial village retail zoning supports straightforward retail leasing for qualifying businesses.

    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 $68.0k $21.60
    − Vacancy −$3.5k −$1.12
    EGI $64.5k $20.48
    − OpEx −$19.4k −$6.14
    NOI $45.2k $14.33
    3,150 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $645.0K
    $564.4K – $752.5K (±1% cap)
    NOI $45,151 @ 7.0% cap · market cap 5.65%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $664.4K
    $581.4K – $775.2K (±1% cap)
    NOI $46,511 @ 7.0% cap · market cap 5.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Big Box & Wholesale Store Accounting Firm Electronics & Wireless Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Nail Salon Daycare Center Shopping Center & Mall Spa & Massage Center Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Big Bear Lake
    County
    San Bernardino
    State
    California
    Longitude
    -116.9161403
    Latitude
    34.2424864

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    FAQs

    What type of property is this?
    Storefront property - Four air-conditioned retail units offer a month-to-month lease structure after November.
    Where is this storefront property located?
    The property is located at 40585 Big Bear Blvd Big Bear Lake, CA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Commercial property with 4 retail units, all currently rented; 3,630 SF across three units plus one 1,260 SF unit; Large 23,200 SF lot
    (909) 273-8980
    We can help!
    Listing Contact
    Israel Barden
    Real Estate License ID: 1377973
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    40585 Big Bear Blvd, Big Bear Lake, CA 92315
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