27437 5Th StHighland, CA 92346

  • Mixed-use properties
  • 10,880 SF
For Sale
$2,100,000 View listing

Property Details for 27437 5Th St

Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.69 AC
Property size (Sq ft)
10,880 SF
Property type
Mixed-use properties
Property subtype
Other industrial properties
APN
1201-311-20-0000
APU
1201311200000

Description

This exceptional multi-tenant industrial property, encompassing 10,880 square feet across nine units, presents a compelling investment opportunity. Situated on a sizable 0.69-acre lot (29,877 square feet), this building is strategically located in Highland, CA, within the dynamic Inland Empire East region of Southern California. Its prime location offers convenient access to major transportation arteries, including proximity to Interstate 10, State Route 210, and State Route 215. This allows for seamless connectivity to regional and national distribution networks. The property benefits from its inclusion in the Highland 5th and 3rd Street Corridor Improvement project, a significant initiative designed to enhance infrastructure and connectivity to key economic drivers. This includes improved access to the San Bernardino International Airport Logistics hub and the numerous distribution centers that employ thousands in the area. The property's versatile design and strategic location make it an ideal investment for a variety of industrial uses, offering strong potential for rental income and long-term appreciation. The building's size and layout provide flexibility for multiple tenants, catering to diverse business needs. This presents a rare opportunity to acquire a well-positioned industrial asset in a thriving Southern California market. The property is priced at $2,100,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,146,914
    6.5%
    $2,904,844
    7%
    $2,697,355
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,634,436
    Geo Method
    $5,384,550
  • Alternative Use

    Use
    Valuation
    Residential
    $2,904,844
    Hospitality
    $2,660,822
    Educational
    $2,213,772
    Medical
    $2,289,907
    Retail
    $3,443,646
27437 5Th St, Highland, California

Location Insight

City
Highland
County
San Bernardino
State
California
Latitude
34.1074
Longitude
-117.206
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
2024
$8,558
$122,379
$548,996
$671,375
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