Multi-Unit Retail
40585 Big Bear Blvd Big Bear Lake, CA 92315
40585 Big Bear Blvd, Big Bear Lake, CA, 92315
$799,000
For Sale
$799,000
Four air-conditioned retail units offer a month-to-month lease structure after November.
Property Size3,150 SF
Lot Size0.53 Acres
Price / SF$253.65
Days on Market48
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
Listing agency
(909) 273-8980
Listed by
Israel Barden · License #1377973
(909) 273-8980
Source
Elliman
Added: Jun 4 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 6:56AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
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
NOI $46,511 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
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
