Mixed-Use Route 66
For Sale
$799,990
44655 44544 National Trails Hwy, Newberry Springs, CA 92365
Two Route 66 frontage properties combine commercial buildings, residential units, and fenced land with on-site utilities.
Property Size7,700 SF
Lot Size12.31 Acres
Days on Market66
Property Features for 44655 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
Additional Details
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: Jun 4
Changed: Aug 8
Last Checked: Aug 8 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 Coldwell Banker Home Source
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.
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 = 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
Multifamily LT 5
$1.12M
$981.5K – $1.31M
NOI $78,523 @ 7.0% cap · market cap 9.82%
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
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
