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: May 10 Changed: Oct 5 Last Checked: Oct 12 at 8:35PM

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Investment Insights

Based on property information with market context.

This mixed-use offering combines two adjoining? properties sold together across 12.31 acres. The 8.81-acre parcel at 44544 National Trails Hwy includes two commercial buildings and four residential units. Its primary commercial structure contains 3,358 square feet and has Route 66 frontage. A second commercial or mixed-use building is accompanied by a detached commercial warehouse. The residences include two 1-bedroom, 1-bath homes and two 2-bedroom, 1-bath homes; three are identified with newer roofs, including the 1-bedroom home with a porch. Each residence has its own utility meter, and the parcel has a functional well.

The second parcel at 44655 National Trails Hwy contains 3.5 acres, is fenced, fronts Route 66, and includes an additional well and power meter. The properties are near an I-40 exit and have a stated bike score of 30 and walk score of 8. The record identifies a 1915 year built.

Key Highlights

• Two‑property package totals 12.31 acres
• 8.81‑acre parcel includes 2 commercial buildings and 4 residential units
• Main commercial building contains 3,358 SF and fronts Route 66

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

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

Warehouse

$1.10M

$959.8K – $1.28M (±1% cap)

NOI $76,781 @ 7.0% cap · market cap 9.60%

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

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Current Use

Grocery and convenience stores

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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two parcels combine commercial buildings, residences, wells, and utility service along the Route 66 corridor.

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: Two‑property package totals 12.31 acres; 8.81‑acre parcel includes 2 commercial buildings and 4 residential units; Main commercial building contains 3,358 SF and fronts Route 66