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    2102 Palm Ave Highland, CA 92346

    Sponsored
    For Sale
    $2,600,000

    17,200 SF Shopping Center, Value-Add Opportunity

    Property size:
    17,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Highland Plaza, located at 2102 Palm Ave, Highland, CA 92346, presents a compelling value-add opportunity in the thriving San Bernardino County market. This 17,200 square foot shopping center boasts a multi-tenant occupancy of 71%, comprising 10 units across three buildings. The property features a classic strip center design with a two-story office building, strategically situated on a 120-foot frontage along Palm Avenue, near a major intersection. Built in 1980, the property offers a strong existing tenant base, providing a solid foundation for future growth. The asking price is $2,600,000, representing a price per square foot of $151.16 and a 4.86% cap rate based on a current Net Operating Income (NOI) of $126,300. The property includes 50 parking spaces. Leases are gross, with no tenant credit rating currently available. The current lease expiration date is May 31, 2024, resulting in zero remaining lease term. The property's location offers convenient access to Interstate 210, enhancing its visibility and accessibility. This property is identified by APN 1191-301-06-000. The investment highlights include its prime location and the potential for significant value appreciation through lease renewals and property improvements. This is an exceptional opportunity for investors seeking a strong return on investment in a desirable location.

    Property Features for 2102 Palm Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    17,200 SF

    Building Details

    Year Built
    1980
    Buildings
    3
    Stories
    2
    Units
    10

    HighLights

    • $2,600,000 asking price for a value‑add retail investment opportunity.
    • 17,200 square foot shopping center with 10 units, currently 71% occupied.
    • Gross lease structure with no tenant credit rating; leases expire 05/31/2024.
    • $126,300 Net Operating Income (NOI) yielding a 4.86% cap rate and a price per square foot of $151.16.
    • Located at 2102 Palm Ave, Highland, CA 92346, a 120‑foot frontage on Palm Ave near a main intersection with strong surrounding tenants.
    • Three buildings, two stories, built in 1980, with 50 parking spaces and APN 1191‑301‑06‑000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    San Bernardino
    State
    California
    Longitude
    -117.2091497
    Latitude
    34.1344178

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    FAQs

    What type of property is this?
    Lifestyle center - 17,200 SF Shopping Center, Value-Add Opportunity
    Where is this lifestyle center located?
    The property is located at 2102 Palm Ave Highland, CA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: $2,600,000 asking price for a value-add retail investment opportunity.; 17,200 square foot shopping center with 10 units, currently 71% occupied.; Gross lease structure with no tenant credit rating; leases expire 05/31/2024.
    Request Owner's contact information
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    Highland, CA 92346
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    Realmo Value Estimation

    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.

    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.

    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
    2102 Palm Ave Highland, CA 92346
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