Building Details

Building Size 7,700 SF

Year Built 1915

Units 6

Listing Agency: Coldwell Banker Home Source

Listed By: Curvan Chen · License #02051143 Show Phone

Source: Elliman

Added: Jun 4 Changed: Oct 25 Last Checked: Oct 26 at 4:35PM

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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 Coldwell Banker Home Source

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Investment Insights

Based on property information with market context.

This mixed-use package includes two properties sold together, totaling 12.31 acres. The first property on 44544 National Trails Hwy features an 8.81-acre lot with a main 3,358 SF commercial building plus a second commercial/mixed-use building and an adjacent large detached commercial warehouse. The site also includes four residential units, described as two 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units. Each unit has its own utility meters, and the lot includes a functional well.

The main commercial building has frontage along Route 66, described as near the I-40 exit. The property’s commercial building was previously used as a convenience/general market selling beverages and groceries, and later used as a plumbing store and as a feed store.

The second property on 44655 National Trails Hwy is a 3.5-acre fenced lot with Route 66 frontage. It includes an additional well and a power meter, supporting flexible use for an operator or investor depending on the next leasing or development plans.

Key Highlights

• Package deal of two Route 66 frontage properties totaling 12.31 acres (44544 and 44655 National Trails Hwy).
• 44544 National Trails Hwy includes 8.81 acres with 3,358 SF main commercial building plus additional commercial/mixed‑use structures.
• Main 3,358 SF commercial building has frontage along Route 66 near the I‑40 exit; previously used for convenience/general market, plumbing, and feed store.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,167

Cap Rate

8.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,363,340 $1.4M

Cap Rate 7%

$973,814 $973.8K

Cap Rate 9%

$757,411 $757.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,700 SF

Gross rent

$132.1K $17.16/SF

− Vacancy

−$8.2K −$1.06/SF

EGI

$123.9K $16.10/SF

− OpEx

−$55.8K −$7.24/SF

NOI

$68.2K $8.85/SF

Area

San Bernardino County, CA

Vacancy

6.20%

Lease Rate

$17.16 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,363,340

Cap Rate 7%

$973,814

Cap Rate 9%

$757,411

Alternative Uses

Best Use

Retail

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,370 @ 7.0% cap · market cap 13.80%

Second Best

Multifamily LT 5

$1.12M

$981.5K – $1.31M (±1% cap)

NOI $78,523 @ 7.0% cap · market cap 9.82%

Theoretical Best

Office A

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,694 @ 7.0% cap · market cap 14.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Hotel & Motel Bar & Pub Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

25

Businesses Nearby

Explore this area Business Placement

Demographics for 92365, CA

2,214

Population

1,240

Households

1.8

Avg Household Size

50

Median Age

8%

College-Educated

87%

High-School Grad

483.3 sq mi

ZIP Area

5

Density / Sq Mi

$61,944

Median Household Income

$24,382

Median Earnings

$947

Median Rent

$161,200

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two Route 66 frontage properties combine commercial buildings, residential units, and fenced land with on-site utilities.

Where is this mixed-use property located?

The property is located at 44655 44544 National Trails Hwy Newberry Springs, CA.

What is the asking price?

The asking price for this property is $799,990.

What are key features of this property?

This property features: Package deal of two Route 66 frontage properties totaling 12.31 acres (44544 and 44655 National Trails Hwy).; 44544 National Trails Hwy includes 8.81 acres with 3,358 SF main commercial building plus additional commercial/mixed‑use structures.; Main 3,358 SF commercial building has frontage along Route 66 near the I‑40 exit; previously used for convenience/general market, plumbing, and feed store.