Building Details

Year Built 1930

Stories 1

Listing Agency: Red Hawk Realty

Listed By: Meriah Druliner and Donn Bree · License #CA DRE #01109566

Source: Crexi

Added: Apr 5, 2024 Changed: Oct 6 Last Checked: Oct 19 at 4:45AM

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Investment Insights

Based on property information with market context.

The Lodge on Palomar Mountain presents a unique opportunity to own a piece of history. Established in the 1920s, this property offers a blend of historic ambiance and modern comforts. Situated on a 3.74-acre estate, the Lodge provides a mountain experience enhanced by modern upgrades. The property features a grand 1,800 +/-sf great room, complete with log-beam ceilings and a natural stone fireplace. There are ten guest rooms that have been remodeled for contemporary comfort, along with new doors and windows that provide natural light, and new carpeting. A solar system is installed to reduce environmental impact and energy costs. The Lodge on Palomar Mountain is suited for creating lasting memories. The property size is 5,584 square feet and is located at 22228 Crestline Rd., Palomar Mountain, CA 92060.

Key Highlights

• Historic lodge established in the 1920s on 3.74 acres.
• Boasts a stunning 1,800 +\/- sf. great room with log‑beam ceilings and stone fireplace.
• Ten completely remodeled guest rooms.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$91,652

Cap Rate

9.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,833,040 $1.8M

Cap Rate 7%

$1,309,314 $1.3M

Cap Rate 9%

$1,018,356 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,584 SF

Gross rent

$225.1K $40.32/SF

− Vacancy

−$32.2K −$5.77/SF

EGI

$193.0K $34.55/SF

− OpEx

−$101.3K −$18.14/SF

NOI

$91.7K $16.41/SF

Area

San Diego County, CA

Vacancy

14.30%

Lease Rate

$40.32 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,833,040

Cap Rate 7%

$1,309,314

Cap Rate 9%

$1,018,356

Alternative Uses

Best Use

Hotel Hospitality

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,652 @ 7.0% cap · market cap 9.17%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.56M

$2.24M – $2.98M (±1% cap)

NOI $179,088 @ 7.0% cap · market cap 17.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Bed & breakfasts

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 92060, CA

288

Population

187

Households

1.5

Avg Household Size

53

Median Age

15%

College-Educated

88%

High-School Grad

68.9 sq mi

ZIP Area

4

Density / Sq Mi

$150,758

Median Household Income

$625,000

Median Home Value

Frequently Asked Questions

What type of property is this?

Bed & breakfast - Historic lodge with modern upgrades on scenic 3.74-acre estate.

Where is this bed & breakfast located?

The property is located at 22228 Crestline Rd Palomar Mountain, CA.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: Historic lodge established in the 1920s on 3.74 acres.; Boasts a stunning 1,800 +\/- sf. great room with log‑beam ceilings and stone fireplace.; Ten completely remodeled guest rooms.