Four-Unit Mixed-Use
For Sale
$799,000
40585 Big Bear Boulevard, Big Bear Lake, CA 92315
Fully leased commercial building with air-conditioned units near Big Bear Village and the lake.
Property Size3,150 SF
Lot Size0.53 Acres
Price / SF$253.65
Days on Market182
Property Features for 40585 Big Bear Boulevard
General Information
Standard status
Active
Size
3,150 SF
Lot size
0.53 Acres
Property subtype
Mixed Use
Zoning
commercial village retail
Occupancy
100%
Amenities
air conditioning
3
149 X 241 X 133 X 140
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
Re/Max Area Experts
(760) 673-7133
Listed By:
Israel Barden · License #01377973
(909) 273-8980
Source:
Xome
Added: Mar 4
Changed: Sep 1
Last Checked: Sep 1 at 9:33PM
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 Area Experts
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains four occupied units totaling 3,150 square feet. The configuration includes three 630-square-foot units and one 1,260-square-foot unit, with each space equipped with air conditioning. The building was constructed in 1978 and is described as being in good condition.
The property occupies a 23,200-square-foot lot at 40585 Big Bear Boulevard in Big Bear Lake. It is located across from the lake and two blocks from Big Bear Village, with commercial village retail zoning. All units are currently rented, and leases are scheduled to convert to month-to-month terms after November.
The property occupies a 23,200-square-foot lot at 40585 Big Bear Boulevard in Big Bear Lake. It is located across from the lake and two blocks from Big Bear Village, with commercial village retail zoning. All units are currently rented, and leases are scheduled to convert to month-to-month terms after November.
Key Highlights
- Four occupied units totaling 3,150 square feet
- Unit mix includes three 630‑square‑foot spaces and one 1,260‑square‑foot space
- 23,200‑square‑foot lot with dimensions of 149 X 241 X 133 X 140
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
$45,151
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
5.65%
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%
$903,020
$903.0K
Cap Rate 7%
$645,014
$645.0K
Cap Rate 9%
$501,678
$501.7K
Market Conditions
NOI Build-Up for 3,150 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
$68.0K $21.60/SF
− Vacancy
−$3.5K −$1.12/SF
EGI
$64.5K $20.48/SF
− OpEx
−$19.4K −$6.14/SF
NOI
$45.2K $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%
$903,020
Cap Rate 7%
$645,014
Cap Rate 9%
$501,678
Alternative Uses
Best Use
Retail
$645.0K
$564.4K – $752.5K
NOI $45,151 @ 7.0% cap · market cap 5.65%
Second Best
Mixed Use
$364.8K
$319.2K – $425.7K
NOI $25,539 @ 7.0% cap · market cap 3.20%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 28%
Hotels & Casinos 15%
Jack in the Box
Dining
25,080 visits/mo
0.2 miles
Chevron
Shops & Services
16,734 visits/mo
0.1 miles
Jasper's
Dining
11,536 visits/mo
0.2 miles
Holiday Inn Resort The Lodge at Big Bear Lake
Hotels & Casinos
9,371 visits/mo
0.1 miles
The UPS Store
Shops & Services
1,313 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial building with air-conditioned units near Big Bear Village and the lake.
Where is this mixed-use property located?
The property is located at 40585 Big Bear Boulevard 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: Four occupied units totaling 3,150 square feet; Unit mix includes three 630‑square‑foot spaces and one 1,260‑square‑foot space; 23,200‑square‑foot lot with dimensions of 149 X 241 X 133 X 140
