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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3605 Highland Ave Highland, CA 92346-2635

    • Strip malls
    • 9,090 SF
    • 1.13 lot acres
    OFF-MARKET
    Last Sale
    Sep 13, 2021
    $1,000,000
    Value Estimations
    $1,285,000
    Show details
    Cap Rate Potential
    7.5%
    Strip malls
    Location Intelligence
    Property ID
    US10-1210141
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Palm Liquor / Liquor Store
    • ATM / Atm
    • Mountain Shadows Plaza Shopping Center / Shopping Mall

    Property Details for 3605 Highland Ave

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.13 lot acres
    Property size
    9,090 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1200-011-04-0000
    APU
    1200011040000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,170,000
      ML approach
      $1,270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,470,000
      6.5%
      $1,355,000
      7%
      $1,260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,481,000
      Market price range: $985k - $4.35M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    San Bernardino
    State
    California
    Longitude
    -117.208
    Latitude
    34.1345
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,769
    $509,796
    $530,604
    $1,040,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $220,000
      4,248 SF

      3667 Highland Ave

      SHOPPING CENTER, STRIP CENTER • 4,248 SF
      3667 Highland Ave, Highland, CA 92346-2635
      View Details
    • Value Estimation
      $530,000
      4,800 SF

      7920 Webster St

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      7920 Webster St, Highland, CA 92346-3821
      View Details
    • Value Estimation
      $365,000
      1.30 Acres

      2544 Highland Ave

      SHOPPING CENTER, STRIP CENTER • 1.30 Acres
      2544 Highland Ave, Highland, CA 92346-2004
      View Details
    • Value Estimation
      $550,000
      4,928 SF

      28895 Greenspot Rd

      SHOPPING CENTER, STRIP CENTER • 4,928 SF
      28895 Greenspot Rd, Highland, CA 92346-5770
      View Details
    • Value Estimation
      $260,000
      4,560 SF

      3683 Highland Ave

      SHOPPING CENTER, STRIP CENTER • 4,560 SF
      3683 Highland Ave, Highland, CA 92346-2635
      View Details
    • Value Estimation
      $870,000
      6,880 SF

      3693 Highland Ave

      SHOPPING CENTER, STRIP CENTER • 6,880 SF
      3693 Highland Ave, Highland, CA 92346-2609
      View Details

    Similar Nearby for Sale

    • $2,600,000
      17,200 SF

      Highland Plaza: Prime Retail Investment

      17,200 SF Shopping Center, Value-Add Opportunity
      2102 Palm Ave, Highland, CA 92346
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      Highland Retail Space - Prime Location

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    • $1,250,000

      Highland Mixed-Use Investment Opportunity

      Mixed-use property with residential and commercial units in Highland, CA.
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    • $260,000

      Established Restaurant Business Opportunity

      Profitable Highland restaurant for sale with excellent community reputation.
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    • $2,800,000
      5,313 SF

      Established Car Wash Business Opportunity

      Well-established car wash business and property in a prime location.
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    Similar Nearby for Lease

    • Contact for pricing
      14,433 SF

      Retail Space Near Car Wash

      Retail property available for lease near Quick Quack Car Wash.
      5th St. Greenspot Rd. & Boulder Ave, Highland, CA 92346
      View Details
    • Contact for pricing
      69,365 SF

      Highland Retail Center Investment Opportunity

      Prime Highland retail space available.
      28930-28988 Greenspot Rd, Highland, CA 92346
      View Details
    • Contact for pricing
      792 SF

      Retail Space on Victoria Avenue

      In-line retail space suitable for various businesses.
      6909 Victoria Ave, Highland, CA 92346
      View Details
    • Contact for pricing
      161,692 SF

      Highland Village Plaza Retail Shops

      Prime Highland, CA Retail Space Available
      7197-7291 Boulder Ave, Highland, CA 92346
      View Details
    • $12 SF/Yr
      80,500 SF

      Highland Retail Space Available

      Prime Highland location, up to 80,500 SF
      4010 Highland Ave, Highland, CA 92346
      View Details
    • $1.08 SF/Yr
      17,623 SF

      Highland Retail Space Available

      Retail spaces available in Highland, near dining and amenities.
      2102 Palm Ave, Highland, CA 92346
      View Details
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    Highland, CA 92346-2635
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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
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