Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Retail Center Opportunity Title is generated by Realmo AI

    6909 Avenue Unit B Unit B, Highland, CA 92346

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New 19,300+ SF shopping center, tenant opportunities available.

    Type:Retail
    Property size:
    705 SF
    Price / SF:
    $2/SF
    Added:
    Oct 22, 2023
    Days on Market:
    936
    Last Refresh:
    Apr 1 at 8:40 pm

    Property Features for 6909 Avenue Unit B Unit B

    General Information

    Standard status
    Active
    Size
    705 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Listed by 909-556-3293

    Listing agent Listed by 909-556-3293

    Listing office RAUL ALEJOS

    Listing date Oct 22, 2023

    Source Xome

    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 RAUL ALEJOS

    HighLights

    • Brand new 19,300+ square foot shopping center.
    • Opportunity to be the first tenant in the new center.
    • Secure your lease before completion to select the best location.
    • Groundbreaking scheduled within the next few months.
    • Leasing applications being accepted now.
    • Includes 3 guest facilities.

    Overview

    A new 19,300+ square foot shopping center is about to break ground and start construction. This presents an opportunity to be among the first tenants in this new commercial space. Leasing applications are being accepted to secure tenancy in advance of construction completion, allowing for optimal suite selection. Construction is scheduled to begin in the next few months.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Highland
    County
    San Bernardino
    State
    California
    Longitude
    -117.153
    Latitude
    34.1353

    Nearby Similar for Sale

    • $725,000
      2,698 SF

      Victorian Office Building in Highland

      Victorian office building with expansion potential in growing Highland.
      6836 Palm, Highland, CA 92346
      View Details
    • $260,000

      Established Restaurant Business Opportunity

      Profitable Highland restaurant for sale with excellent community reputation.
      7750 Palm Ave Ste S, Highland, CA 92346
      View Details
    • $2,499,000
      5,313 SF

      Highland Car Wash Business Opportunity

      Turnkey car wash business with real property in prime location.
      3706 Highland Ave, Highland, CA 92346
      View Details
    • $50,000

      Established Salon Business Opportunity

      Thriving salon business for sale in prime Highland location.
      27880 Baseline, Highland, CA 92346
      View Details
    • $1,050,000
      3,151 SF

      Modern Highland Residence with ADU

      Upscale rental units with solar, great views, no HOA.
      29329 Kemper Lane, Highland, CA 92346
      View Details
    • $1,499,000
      6,820 SF

      Highland Church Building and Land

      Church, income property, and development opportunity in Highland, California.
      6979 Palm, Highland, CA 92346
      View Details
    • $1,350,000
      3,644 SF

      Commercial

      7035 Palm, Highland, CA 92346
      View Details
    • $335,000

      Freestanding Office-Retail Building For Sale

      Freestanding building suitable for owner-user or investment.
      26531 Baseline, Highland, CA 92346
      View Details
    • $785,000
      2,938 SF

      Highland Next Gen Home

      Single-family residence with attached suite for multi-generational living.
      30912 Marbella, Highland, CA 92346
      View Details
    • $1,190,000

      Highland Retail Investment Opportunity

      Single-tenant retail investment with upside potential in Highland, California.
      25716 Baseline, Highland, CA 92346
      View Details
    • $1,100,000
      2,790 SF

      Freestanding Building in Prime Location

      2,790 SF building on 0.34 acres, ideal for redevelopment.
      7353 Victoria Ave, Highland, CA 92346
      View Details
    • $4,500,000
      25,200 SF

      Highland Historic District Warehouse Building

      Two-story, 25,200 SF warehouse in Highland Historic District.
      1672 Palm Avenue, Highland, CA 92346
      View Details

    FAQs

    What type of property is this?
    Shopping center - New 19,300+ SF shopping center, tenant opportunities available.
    Where is this shopping center located?
    The property is located at 6909 Avenue Unit B Unit B Highland, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Brand new 19,300+ square foot shopping center.; Opportunity to be the first tenant in the new center.; Secure your lease before completion to select the best location.
    (909) 981-4466
    We can help!
    Listing Contact
    Listed by 909-556-3293
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6909 Avenue Unit B Unit B, Highland, CA 92346
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!