New search
Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Retail space
515 Big Bear Blvd, Big Bear City, CA 92314
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-1465300
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,736 SF
Lot
0.26 ac (11,301 SF)
APN
0311-094-81-0000
UPID
US10-1465300
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
$720k
CAP Approach
CAP
$825k
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$685k
Owner & transaction history
Michael Marcotte · 3 yrs held
Michael Marcotte
since 2023
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+37.0%
Medical building
$1.1M
+30.2%
Neighborhood: shopping center
$1.0M
+21.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Big Bear City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Big Bear City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$690,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$895,000
6.5%
$825,000
7%
$765,000
Alternative Use
Use
Estimation
RETAIL STORES
$830,000
Current use
AUTO REPAIR, GARAGE
$1,135,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$1,080,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,005,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$950,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $600k (Jun 23 2023)
Last sale anchor
$600k
Jun 23 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$183 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,756
Tax year 2023
Assessed value
$612,000
Assessed 2024
Previous assessed
$587,835
+4.1% YoY
Effective rate
1.10%
On assessed value
Assessed land
$173,400
Assessed improvement
$438,600
Applied tax rate
57.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Rooms
4
Bathrooms
1
Total area
3,736 SF
Lot
0.26 ac (11,301 SF)
APN
0311-094-81-0000
UPID
US10-1465300
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$950,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Rooms
4
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Michael Marcotte
Individual
Mailing address
PO BOX 6333, BIG BEAR LAKE, CA 92315-6333
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2023
$600,000
Michael Marcotte
Lance George Fowler
Grant Deed
$600,000 · Lance George Fowler Trust
Dec 9, 2022
$537,500
Lance George Fowler
Mark Davis
Grant Deed
—
Dec 27, 2017
$537,500
Mark Davis
Fowler Lance G 2001 Trust
Grant Deed
$537,500 · Fowler Lance G 2001 Trust (pt)
Nov 2, 2016
$500,000
Fowler,lance G 2001 Trust
Mountain Of Grace Ministries INC|owens,thomas & Ly
Deed In Lieu Of Foreclosure
related
—
Jan 2, 2015
$500,000
Mountain Of Grace Ministries INC
Owens,thomas & Lynn
Grant Deed
—
Dec 4, 2012
$500,000
Thomas Owens
Fowler Lance G 2001 Trust
Grant Deed
$500,000 · Fowler Lance G 2001 Trust
Oct 30, 2012
—
State Of Ca
Fowler Lance G 2001 Trust
Grant Deed
related
—
Aug 7, 2009
$280,000
Fowler Lance G 2001 Trust
Mopal Corp
Grant Deed
—
Sep 2, 2005
$450,000
Mopal Corp
York H P & H J Trust
Grant Deed
$450,000 · York H P & H J Trust 006329
—
—
Mopal Corp
—
Deed Of Trust
related
$100,000 · Fowler Lance G Trust (pt)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 515 Big Bear Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
