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    Highland Industrial Building For Sale Title is generated by Realmo AI

    27437 5th Street, Highland, CA 92346

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    Versatile industrial building with 9 units in Highland, CA.

    Type:Special Purpose, Land
    Property size:
    10,880 SF
    Lot size:
    0.69 Acres
    Price / SF:
    $193/SF
    Added:
    Jul 27, 2024
    Days on Market:
    684
    Last Refresh:
    May 13 at 8:20 pm

    Property Features for 27437 5th Street

    General Information

    Standard status
    Active
    Size
    10,880 SF
    Lot size
    0.69 Acres
    Property subtype
    Special Purpose, Land

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    Listing Contact
    Michael Stoffel

    Listing agent Michael Stoffel License #CA

    Listing office CENTURY 21 Top Producers

    Listing date Jul 27, 2024

    Source Crexi

    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 CENTURY 21 Top Producers

    HighLights

    • Versatile industrial building with 9 units totaling 10,880 sqft, ideal for multiple tenants.
    • Located in Highland, part of the Inland Empire East region of Southern California.
    • 29,877 sqft lot size.
    • Easy access to major highways: I‑10, CA SR‑210, and CA SR‑215.
    • Part of Highland’s 5th Street and 3rd Street Corridor Improvement project.
    • Enhances connections to San Bernardino International Airport Logistics hub.

    Overview

    Located in Highland, California, this industrial building offers 10,880 square feet of space divided into 9 units. The property is situated on a 29,877 square foot lot. Its location provides convenient access to major highways, specifically north of I-10, west of CA SR-210, east of CA SR-215, and south of CA SR-210. The building is positioned to benefit from Highland’s 5th Street and 3rd Street Corridor Improvement project, which seeks to improve connections to the San Bernardino International Airport Logistics hub and various distribution centers.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $235.0k $21.60
    − Vacancy −$12.2k −$1.12
    EGI $222.8k $20.48
    − OpEx −$66.8k −$6.14
    NOI $156.0k $14.33
    10,880 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.23M
    $1.95M – $2.60M (±1% cap)
    NOI $155,951 @ 7.0% cap · market cap 7.43%
    Second Best
    Industrial
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,345 @ 7.0% cap · market cap 4.25%
    Theoretical Best
    Office A
    $2.29M
    $2.01M – $2.68M (±1% cap)
    NOI $160,648 @ 7.0% cap · market cap 7.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eddie's Auto Electric Auto Repair Shop HIGHLAND SMOG CHECK Sustainability Organization TSR Automotive - Tires ... Auto Repair Shop Ray's Auto Repair Auto Repair Shop Ultimate Interiors Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    San Bernardino
    State
    California
    Longitude
    -117.2060272
    Latitude
    34.1073586

    FAQs

    What type of property is this?
    Industrial property - Versatile industrial building with 9 units in Highland, CA.
    Where is this industrial property located?
    The property is located at 27437 5th Street Highland, CA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Versatile industrial building with 9 units totaling 10,880 sqft, ideal for multiple tenants.; Located in Highland, part of the Inland Empire East region of Southern California.; 29,877 sqft lot size.
    More about this property
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