Mixed-Use Property with Route 66
For Sale
$799,990
44544 National Trails Hwy, Newberry Springs, CA 92365
Two parcels combine commercial buildings, residences, wells, and utility service along the Route 66 corridor.
Property Size7,700 SF
Lot Size12.31 Acres
Days on Market113
Property Features for 44544 National Trails Hwy
General Information
Standard status
Active
Size
7,700 SF
Lot size
12.31 Acres
Property subtype
Investment
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Building Details
Building Size
7,700 SF
Year Built
1915
Units
6
Listing Agency:
Coldwell Banker Home Source
(760) 242-6000
Listed By:
Curvan Chen · License #02051143
Source:
Elliman
Added: May 10
Changed: Aug 30
Last Checked: Aug 30 at 8:43AM
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
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.
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 = 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
$68,167
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
8.52%
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%
$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
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
$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 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%
$1,363,340
Cap Rate 7%
$973,814
Cap Rate 9%
$757,411
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,370 @ 7.0% cap · market cap 13.80%
Second Best
Warehouse
$1.10M
$959.8K – $1.28M
NOI $76,781 @ 7.0% cap · market cap 9.60%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,694 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
24
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
Questions? Ask Rey
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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 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
