Victorian Office
For Sale
$725,000
6836 Palm, Highland, CA 92346
Historic office property with multiple rooms, central air, and additional adjoining structures on a corner lot.
Property Size2,698 SF
Price / SF$268.72
Days on Market367
Property Features for 6836 Palm
General Information
Standard status
Active
Size
2,698 SF
Property subtype
Office
Amenities
Central Air, Window/Wall Unit
3
Shingle
Building Details
Year Built
1880
Listing Agency:
RE/MAX ADVANTAGE
(909) 307-5665
Listed By:
CHUCK PETERSON · License #01021176
Source:
Xome
Added: Aug 30, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:36PM
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 RE/MAX ADVANTAGE
Investment Insights
Based on property information with market context.
The Warburton House is a Victorian-era office property comprising a 1,980-square-foot main building with multiple rooms and one and one-half baths. Central air is provided, and two adjoining structures add approximately 324 square feet and 300 square feet. An additional half bath is located on the rear porch area for use by the adjacent buildings.
Positioned on a corner lot at 6836 Palm in Highland, the property includes open space behind the improvements along Nona for potential expansion. The building was constructed in 1880 and later relocated to its current site. Access to highways 210 and 330 provides a connection toward the mountains.
Positioned on a corner lot at 6836 Palm in Highland, the property includes open space behind the improvements along Nona for potential expansion. The building was constructed in 1880 and later relocated to its current site. Access to highways 210 and 330 provides a connection toward the mountains.
Key Highlights
- 1,980‑square‑foot main office building
- Two additional structures of approximately 324 square feet and 300 square feet
- Multiple rooms with one and one‑half baths in the main building
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
$31,756
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
4.38%
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%
$635,120
$635.1K
Cap Rate 7%
$453,657
$453.7K
Cap Rate 9%
$352,844
$352.8K
Market Conditions
NOI Build-Up for 2,698 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
$46.0K $17.04/SF
− Vacancy
−$3.6K −$1.35/SF
EGI
$42.3K $15.69/SF
− OpEx
−$10.6K −$3.92/SF
NOI
$31.8K $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%
$635,120
Cap Rate 7%
$453,657
Cap Rate 9%
$352,844
Alternative Uses
Best Use
Office B
$453.7K
$397.0K – $529.3K
NOI $31,756 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.1K
$498.0K – $664.0K
NOI $39,837 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Explore this area
Business Placement
Demographics for 92346, CA
57,812
Population
18,075
Households
3.2
Avg Household Size
36
Median Age
25%
College-Educated
84%
High-School Grad
27.1 sq mi
ZIP Area
2,133
Density / Sq Mi
$84,818
Median Household Income
$40,066
Median Earnings
$1,654
Median Rent
$461,500
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?
Office building - Historic office property with multiple rooms, central air, and additional adjoining structures on a corner lot.
Where is this office building located?
The property is located at 6836 Palm Highland, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,980‑square‑foot main office building; Two additional structures of approximately 324 square feet and 300 square feet; Multiple rooms with one and one‑half baths in the main building
