Live-Work Flex Property with
For Sale
$1,200,000
614 Fairway, Big Bear City, CA 92314
Mixed-use building includes a workshop with updated lighting and new doors, plus a 3-bedroom apartment above.
Property Size4,390 SF
Price / SF$273.35
Days on Market35
Property Features for 614 Fairway
General Information
Standard status
Active
Size
4,390 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
1
Amenities
Level
Level.
Building Details
Year Built
1990
Listing Agency:
Realty ONE Group Empire
(760) 407-6444
Listed By:
Andrea Bergin · License #02077275
Source:
Xome
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 10 at 3:00AM
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 Realty ONE Group Empire
Investment Insights
Based on property information with market context.
This mixed-use live-work flex property pairs a shop/workspace with an upstairs residential unit. The exterior has been refreshed with brand new siding across the building, and recent updates also include new garage doors and new entry doors, along with new entry tile. Interior improvements include fresh paint and updated lighting, supporting a clean, modern presentation for both commercial and residential use.
The shop configuration is positioned for light industrial or service-oriented operations, and the property’s layout supports businesses that need workspace and storage with convenient access. The upstairs apartment features an open living space and includes three bedrooms and one bathroom, offering options for owner-occupancy, employee housing, or rental.
The location is described as convenient for aviation enthusiasts and pilots who want proximity to the airport, adding to the property’s live-work appeal for the right user.
The shop configuration is positioned for light industrial or service-oriented operations, and the property’s layout supports businesses that need workspace and storage with convenient access. The upstairs apartment features an open living space and includes three bedrooms and one bathroom, offering options for owner-occupancy, employee housing, or rental.
The location is described as convenient for aviation enthusiasts and pilots who want proximity to the airport, adding to the property’s live-work appeal for the right user.
Key Highlights
- Mixed‑use property with a workshop area plus a finished 3‑bedroom, 1‑bath apartment above
- Recent updates include brand new siding, new garage doors, new entry doors, fresh paint, new entry tile, and updated lighting
- Workshop space features updated lighting and new doors
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
$51,672
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
4.31%
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%
$1,033,440
$1.0M
Cap Rate 7%
$738,171
$738.2K
Cap Rate 9%
$574,133
$574.1K
Market Conditions
NOI Build-Up for 4,390 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
$74.8K $17.04/SF
− Vacancy
−$5.9K −$1.35/SF
EGI
$68.9K $15.69/SF
− OpEx
−$17.2K −$3.92/SF
NOI
$51.7K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,033,440
Cap Rate 7%
$738,171
Cap Rate 9%
$574,133
Alternative Uses
Best Use
Office B
$738.2K
$645.9K – $861.2K
NOI $51,672 @ 7.0% cap · market cap 4.31%
Second Best
Warehouse
$625.4K
$547.2K – $729.6K
NOI $43,775 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$926.0K
$810.3K – $1.08M
NOI $64,820 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 92314, CA
10,411
Population
9,425
Households
1.1
Avg Household Size
46
Median Age
26%
College-Educated
91%
High-School Grad
36.6 sq mi
ZIP Area
284
Density / Sq Mi
$79,191
Median Household Income
$41,034
Median Earnings
$1,428
Median Rent
$412,800
Median Home Value
Market
Vacancy Rate% for Office 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?
Live-work space - Mixed-use building includes a workshop with updated lighting and new doors, plus a 3-bedroom apartment above.
Where is this live-work space located?
The property is located at 614 Fairway Big Bear City, 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: Mixed‑use property with a workshop area plus a finished 3‑bedroom, 1‑bath apartment above; Recent updates include brand new siding, new garage doors, new entry doors, fresh paint, new entry tile, and updated lighting; Workshop space features updated lighting and new doors
