Prime Village Retail
For Sale
$1,200,000
40716 Village Dr, Big Bear Lake, CA 92315
Commercial retail building in the heart of the Village.
Property Size3,116 SF
Lot Size0.06 Acres
Price / SF$385.11
Days on Market247
Property Features for 40716 Village Dr
General Information
Standard status
Active
Size
3,116 SF
Lot size
0.06 Acres
Listing Agency:
KELLER WILLIAMS BIG BEAR
(909) 866-6453
Listed By:
Michael Dolan · License #00752899
(909) 866-6453
Source:
Exprealty
Added: Dec 12, 2025
Changed: Jul 6
Last Checked: Aug 16 at 10:23AM
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 KELLER WILLIAMS BIG BEAR
Investment Insights
Based on property information with market context.
This commercial retail building, located in the heart of the Village, offers approximately 3,116 square feet of space. The structure has high visibility and can be divided into two or three units on the main level, in addition to an upstairs unit. The current tenant is interested in signing a long-term lease to continue renting the entire building or a portion of it. Current tenants include SUPERHERO TOYS AND MORE and LA FIESTA CANDY STORE. The sale includes the real estate only.
Key Highlights
- Prime Village location with high visibility.
- Potential for immediate rental income with existing tenant interested in long‑term lease.
- Divisible into two or three retail units on the main level, plus an upstairs unit, offering flexible usage.
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
$44,664
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
3.72%
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%
$893,280
$893.3K
Cap Rate 7%
$638,057
$638.1K
Cap Rate 9%
$496,267
$496.3K
Market Conditions
NOI Build-Up for 3,116 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
$67.3K $21.60/SF
− Vacancy
−$3.5K −$1.12/SF
EGI
$63.8K $20.48/SF
− OpEx
−$19.1K −$6.14/SF
NOI
$44.7K $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%
$893,280
Cap Rate 7%
$638,057
Cap Rate 9%
$496,267
Alternative Uses
Best Use
Retail
$638.1K
$558.3K – $744.4K
NOI $44,664 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$657.3K
$575.1K – $766.8K
NOI $46,009 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
726
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
0.1 miles
Chevron
Shops & Services
16,734 visits/mo
0.3 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
0.2 miles
The UPS Store
Shops & Services
1,313 visits/mo
0.1 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial retail building in the heart of the Village.
Where is this retail space located?
The property is located at 40716 Village Dr Big Bear Lake, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime Village location with high visibility.; Potential for immediate rental income with existing tenant interested in long‑term lease.; Divisible into two or three retail units on the main level, plus an upstairs unit, offering flexible usage.
