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Property profile & analytics
OFF-MARKET Estimated value $8,630,000
Retail properties & Spaces

4010 Highland Ave Highland, CA 92346-2637

78,870 SF 5.93 ac lot Built 1993
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US10-1545296
Property summary
AI-generated overview

This exceptional retail opportunity in Highland, CA, offers up to 80,500 square feet of leasable space, divisible to suit tenant needs. Located at 4010 E Highland Ave, 92346, this property benefits from a strong anchor tenant lineup including Walmart Supercenter, Ross Dress for Less, Aldi, and Dollar Tree. The center enjoys high visibility and prominent pylon signage, ensuring maximum brand exposure. This second-generation space, previously occupied by Mervyn's and Fallas Department Store, offers cost-effective lease rates compared to new construction. The location serves a substantial population base, with over 150,000 people within a 5-mile radius, including a significant tourist population drawn to nearby Big Bear Lake and Lake Arrowhead. This area boasts approximately 350,000 people (plus tourists) within a 15-minute drive, exhibiting a median household income of roughly $75,000 annually. Key anchors like Walmart, Dollar Tree, and Aldi demonstrate superior traffic generation compared to their California counterparts, while Ross Dress for Less performs in the upper half. Additional national brands such as Starbucks, Burger King, and Applebee's further enhance the center's appeal and draw. This property presents a unique chance to establish a thriving retail presence in a high-traffic, densely populated area with significant tourist traffic. The ownership group is known for its efficient and timely lease processing.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1993
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 78,870 SF
Lot 5.93 ac (258,310 SF)
APN 1199-671-06-0000
UPID US10-1545296
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.08M
Blend (final) Blend
$8.63M
Owner & transaction history
4010 Highland Avenue LLC · 4 yrs held
4010 Highland Avenue LLC
since 2021
7 recorded transactions
2026
Price N/A
2024
Price N/A
2021
Price N/A
2013
Price N/A
2005
$8.9M
2004
Price N/A
1992
$4.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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