Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Adaptable Retail Space with Yard Title is generated by Realmo AI

    B1-7-3936 Phelan, Phelan, CA 92371

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Versatile retail space with flexible layout and optional yard.

    Property size:
    8,120 SF
    Lot size:
    1.61 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    50
    Last Refresh:
    May 27 at 1:14 pm

    Property Features for B1-7-3936 Phelan

    General Information

    Standard status
    Active
    Size
    8,120 SF
    Lot size
    1.61 Acres

    We can help!

    Listing Contact
    Paul Casilla
    Paul Casilla

    Listing agent Paul Casilla License #01881506

    Listing office Lee & Associates

    Listing date Apr 13, 2026

    Source Exprealty

    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 Lee & Associates

    HighLights

    • Large ±8,120 SF retail space suitable for various retail uses.
    • Flexible configuration with seven units and potential for six separate entrances, ideal for multi‑tenant or segmented operations.
    • Optional ±1.61‑acre rear yard space available for lease, suitable for outdoor storage, materials yard, or loading/staging.
    • End‑cap unit includes two restrooms, receiving area, and break area.
    • Additional ±8,000 SF dirt pad space available in front for outdoor pavilion or other development.
    • Located in an established and underserved retail trade area.

    Overview

    This retail space, previously a hardware store, offers approximately 8,120 square feet suitable for various retail uses. The layout, spanning seven units with the potential for six separate entrances, allows for multi-tenant arrangements or segmented business operations. The end-cap interior includes two restrooms, a receiving area, and a small break area. An approximately 1.61-acre rear yard space is available for lease to supplement the main space, suitable for outdoor storage, landscaping, materials yard, loading, or staging. Additionally, there is approximately 8,000 square feet of dirt pad space in front of the units that may also be leased for an outdoor pavilion, or other unrelated development. The space is designed to accommodate a wide range of users, offering both interior functionality and exterior support area. Lease rates range from $1.25 to $1.75 per square foot per month on a triple net (NNN) basis, with NNN fees currently estimated at an additional $0.53 per square foot monthly. This property is located in one of the High Desert’s established retail trade areas.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Auto Repair Shop Hair Salon Nail Salon Accounting Firm Storage Facility Computer & Electronic Repair Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Phelan
    County
    San Bernardino
    State
    California
    Longitude
    -117.6168727
    Latitude
    34.426778

    Nearby Similar for Lease

    • $1.25 SF/Yr
      37,358 SF

      Phelan Retail Space Available

      Multi-tenant shopping center with spaces for lease in Phelan.
      3936 Phelan Rd Unit B16 -18, Phelan, CA 92371
      View Details
    • Contact for pricing

      Move-in Ready Medical Office Suite

      Medical office suite in Phelan, ready for immediate occupancy.
      9723 Sierra Vis, Phelan, CA 92371
      View Details
    • $1.00 SF/Yr

      Flat, Fenced Lot for Rent

      Flat, fenced lot suitable for storage or construction yard.
      2770 White Fox, Phelan, CA 92371
      View Details
    • $22 SF/Yr
      5,200 SF

      Phelan Village Retail Space Available

      Retail spaces available in Phelan Village Shopping Center.
      4013 Phelan Rd, Phelan, CA 92371
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile retail space with flexible layout and optional yard.
    Where is this retail space located?
    The property is located at B1-7-3936 Phelan Phelan, CA.
    What are key features of this property?
    This property features: Large ±8,120 SF retail space suitable for various retail uses.; Flexible configuration with seven units and potential for six separate entrances, ideal for multi‑tenant or segmented operations.; Optional ±1.61‑acre rear yard space available for lease, suitable for outdoor storage, materials yard, or loading/staging.
    (760) 684-4541
    We can help!
    Listing Contact
    Paul Casilla
    Paul Casilla
    Real Estate License ID: 01881506
    Learn More
    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.
    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

    Thank You for Inquiry
    B1-7-3936 Phelan, Phelan, CA 92371
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!