Updated Mixed-Use Live-Work
For Sale
$1,200,000
614 W Fairway, Big Bear City, CA 92314
Big Bear City, CA
Property Size4,390 SF
Lot Size0.75 Acres
Price / SF$273.35
Days on Market51
Property Features for 614 W Fairway
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Kitchen, Bathroom 1, Bedroom 2, Laundry Room
Parking
3
Fencing
Chain Link
Fireplace
1
Lot features
Level, Lot 20000-39999 Sqft
Elementary school district
Bear Valley Unified
Middle school district
Bear Valley Unified
High school district
Bear Valley Unified
Directions
CA-18, left onto Green Way Dr., Right W. Big Bear Blvd., N. Big Tree Dr., Left onto W. Valley Blvd., Right Kiener Dr., Right W. Fairway Blvd., property on your right.
Subdivision
BBC - Big Bear City
Standard status
Active
APN
0311063670000
Size
4,390 SF
Lot size
0.75 Acres
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s)
Water source
Public
Building Details
Year built
1990
Floors in Building
2
Number of units
1
Listing Agency:
Realty ONE Group Empire
(760) 407-6444
Listed By:
Andrea Bergin · License #02077275
(760) 953-2066
Added: Jul 18
Changed: Sep 6
Last Checked: Sep 6 at 6:06PM
MLS# HD26160559
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a commercial building with an upstairs residential apartment, creating a live-work configuration within a 4,390-square-foot improvement. The commercial area has received new exterior siding, garage doors, entry doors, tile flooring, lighting, and interior and exterior paint. Its layout is described as suitable for workspace, storage, distribution, fabrication, service operations, retail, restaurants, and other commercial activities subject to permitted uses.
The remodeled apartment includes three bedrooms, an open-concept living area, modern finishes, abundant natural light, and mountain views. The property is near Big Bear Airport and includes public water, public sewer, chain-link fencing, and fireplace heating. Built in 1990, the asset also offers a laundry room, kitchen, and additional interior rooms supporting both its commercial and residential components.
The remodeled apartment includes three bedrooms, an open-concept living area, modern finishes, abundant natural light, and mountain views. The property is near Big Bear Airport and includes public water, public sewer, chain-link fencing, and fireplace heating. Built in 1990, the asset also offers a laundry room, kitchen, and additional interior rooms supporting both its commercial and residential components.
Key Highlights
- 4,390‑square‑foot mixed‑use property with commercial space and an upstairs apartment
- Remodeled three‑bedroom residential apartment with open‑concept living area and mountain views
- Commercial improvements include new siding, garage doors, entry doors, tile flooring, lighting, and paint
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
Industrial
$515.0K
$450.6K – $600.8K
NOI $36,050 @ 7.0% cap · market cap 3.00%
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
Location Intelligence
Trade Area within ½ mile
398
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial space with a remodeled three-bedroom residence above and proximity to Big Bear Airport.
Where is this mixed-use property located?
The property is located at 614 W 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: 4,390‑square‑foot mixed‑use property with commercial space and an upstairs apartment; Remodeled three‑bedroom residential apartment with open‑concept living area and mountain views; Commercial improvements include new siding, garage doors, entry doors, tile flooring, lighting, and paint
