Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    38 Hwy Big Bear, CA 92314

    • Land
    • 13.73 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 38 Hwy

    Lot size
    13.73 lot acres
    Property type
    Land

    Description

    This exceptional 13.73-acre commercial land parcel presents a rare investment opportunity in Big Bear City, California. Located at the southwest corner of Baldwin Lane and State Highway 38 (Greenspot), this property boasts 1,849 feet of highway frontage, extending to Erwin Ranch Road across the highway. The level terrain is ideal for development, and its General Commercial zoning allows for a wide range of uses. Situated on a heavily traveled highway, this is the last commercially zoned acreage available between Big Bear and Redlands, offering unparalleled visibility and accessibility. The property's APN is 0315-421-11-0000, and it's located in San Bernardino County, zip code 92314. While no address has been assigned yet, its strategic location ensures high traffic volume and significant potential for commercial development. The asking price is $1,500,000. This unique offering represents a remarkable chance to capitalize on the thriving Big Bear market. Don't miss this opportunity to acquire a substantial piece of prime commercial real estate in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Big Bear
    County
    San Bernardino
    State
    California
    Longitude
    -116.815
    Latitude
    34.25

    Comparable in this City

    • Value Estimation by Request
      14.88 Acres

      601 Big Bear Blvd

      Land • 14.88 Acres
      601 Big Bear Blvd, Big Bear, CA 92314
      View Details
    • Value Estimation by Request

      Rustic Cyn Rd

      Land
      0 Rustic Cyn Rd, Big Bear, CA 92314
      View Details
    • Value Estimation by Request

      Big Bear City, CA 92314

      MINING, MINERAL, QUARRIES
      Big Bear City, CA 92314
      View Details
    • Value Estimation by Request
      0.11 Acres

      1024 Aeroplane Blvd

      VACANT COMMERCIAL LAND • 0.11 Acres
      1024 Aeroplane Blvd, Big Bear City, CA 92314-9586
      View Details
    • Value Estimation by Request
      0.08 Acres

      Big Bear Blvd

      VACANT COMMERCIAL LAND • 0.08 Acres
      Big Bear Blvd, Big Bear City, CA 92314
      View Details
    • Value Estimation by Request
      0.06 Acres

      Fairway Blvd

      VACANT COMMERCIAL LAND • 0.06 Acres
      Fairway Blvd, Big Bear City, CA 92314
      View Details

    Similar Nearby for Sale

    • New
      $104,000
      0.20 Acres

      Land Near Big Bear Lake

      Land near Big Bear Lake, perfect for recreation and relaxation.
      Columbine Dr, Big Bear City, CA 92314
      View Details
    • $295,000
      5.43 Acres

      Forested Land in MoonLoaf Area

      5.4 acres of forested land in Big Bear City, CA
      751 Needle Ln, Big Bear City, CA 92314
      View Details
    • $325,000
      1.06 Acres

      Land in Big Bear City

      Level, fenced lot with well on North Shore.
      Gold Mountain Dr, Big Bear City, CA 92314
      View Details
    • $129,000
      2.81 Acres

      Land in Big Bear Valley

      2.8 acres in Big Bear Valley's Baldwin Lake area.
      2184 Baldwin Lk Rd, Big Bear City, CA 92314
      View Details
    • $285,000

      Land Parcel in Big Bear

      Land available for sale in Big Bear City, California.
      391 Montclair Dr, Big Bear City, CA 92314
      View Details
    • Contact for pricing

      Land with Lake & Forest Views

      Buildable land with views near Big Bear City amenities.
      11 St, Big Bear City, CA 92314
      View Details
    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.
    38 Hwy
    Big Bear, CA 92314
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.