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28200 Highway 189 Lake Arrowhead, CA 92352
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For Lease
$30 SF/Yr
Prime Retail, Multiple Options, Mountain Town
Lot size:
55,399 SF
Description
Added:
Dec 11, 2024
Days on Market:
408
Lake Arrowhead Village presents a unique investment opportunity in a thriving mountain community. This retail center serves as the town square for Lake Arrowhead, Cedar Glen, Running Springs, Crestline, Lake Gregory, and Arrowbear, attracting over 2.4 million visitors annually. Approximately 54% of visitors are tourists or second homeowners, ensuring a robust and diverse customer base. The property boasts a strong tenant mix, anchored by a high-performing Stater Bros., CVS, California Bank & Trust, and the U.S. Postal Service. Multiple space options are available, including end cap, inline, freestanding, and second-floor units, catering to various business needs. Ample parking is provided with 357 surface spaces and a 607-space parking structure. The property benefits from over 40 annual events, including concerts, boat shows, and car shows, driving consistent foot traffic. Recently completed, multi-million dollar renovations to common areas have enhanced the pedestrian-friendly environment, featuring improved access, new pavers, outdoor seating, fire pits, and a relocated main stage. Located less than 90 minutes from Los Angeles and Orange County, Lake Arrowhead Village offers unparalleled accessibility and a strong sense of place within a vibrant mountain community. The property's location and amenities create a compelling opportunity for businesses seeking a high-traffic, established retail location. The multiple tenancy options provide flexibility for various business models and sizes.
Property Features for 28200 Highway 189
General Information
Property type
Individual retail properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
55,399 SF
Unit(s) available at that property
Space
O2-100
Size
1,662 SF
Space
O2-120
Size
1,656 SF
Space
O2-150
Size
1,584 SF
Space
O2-240
Size
1,397 SF
Space
O3-140
Size
809 SF
Space
O3-150
Size
1,292 SF
Space
O3-220
Size
1,952 SF
Space
O3-200
Size
1,846 SF
Space
R-200
Size
3,496 SF
Space
S-220
Size
3,689 SF
Space
T-240
Size
1,297 SF
Space
B-200
Size
6,790 SF
Space
E-230
Size
3,813 SF
Space
F-100-140
Size
6,547 SF
Space
F-290 Office
Size
3,021 SF
Space
O-100
Size
900 SF
Space
N-130
Size
2,400 SF
Space
J-100
Size
5,636 SF
Space
F-280 Office
Size
1,041 SF
Space
O1-200
Size
2,927 SF
Space
O2-260
Size
672 SF
Space
F-170
Size
972 SF
Rate per SF
$30
We can help!
Listing Contact
Monica Dal Bianco-West
Learn more
HighLights
Retail property in Lake Arrowhead Village, San Bernardino County, featuring multiple tenancies including end cap, inline, freestanding, and second‑floor spaces.
Anchored by a high‑performing Stater Bros. and featuring recently renovated common areas.
Serves a large trade area including local residents and over 2.4M annual visitors from surrounding communities and tourists.
Offers abundant parking with 357 surface spaces and a 607‑space parking structure.
Provides a vibrant entertainment destination with over 40 annual events.
Features a pedestrian‑friendly, family‑oriented environment in a highly accessible mountain community.
Individual retail property - Prime Retail, Multiple Options, Mountain Town
Where is this individual retail property located?
The property is located at 28200 Highway 189 Lake Arrowhead, CA.
What is the lease rate?
The lease rate is $0.00-$30 SF/Yr.
What are key features of this property?
This property features: Retail property in Lake Arrowhead Village, San Bernardino County, featuring multiple tenancies including end cap, inline, freestanding, and second-floor spaces.; Anchored by a high-performing Stater Bros. and featuring recently renovated common areas.; Serves a large trade area including local residents and over 2.4M annual visitors from surrounding communities and tourists.
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28200 Highway 189 Lake Arrowhead, CA 92352
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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
28200 Highway 189 Lake Arrowhead, CA 92352
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28200 Highway 189, Lake Arrowhead, CA
Contact
Monica Dal Bianco-West
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28200 Highway 189, Lake Arrowhead, CA
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28200 Highway 189, Lake Arrowhead, CA
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Listing Contact
Monica Dal Bianco-West
Real Estate License ID: 01878514
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