6
Map
$400,000
●
Land -
For Sale
1504 Palm Ave
Highland, CA 92346
Studio
0 Bath
$1,965
Est. Monthly
About This Property
Rare opportunity to acquire two adjacent vacant land parcels at
1480 Palm Avenue and 1504 Palm Avenue in Highland. Together, the
total square footage is 34,978 or .80 of an acre. Offered together
to provide a larger, more versatile development site. Both parcels
are currently zoned CG-1 – Commercial, creating potential for a
variety of commercial, residential, office, retail, service, and
other development concepts, subject to City of Highland approval
and applicable development standards. An advantage for future
development is that water and sewer stubs are already in place and
have been maintained for future use. Located in an established and
growing area of Highland. Near State Route 210, providing efficient
connectivity throughout the Inland Empire, including San
Bernardino, Redlands, Loma Linda, and surrounding communities.
Enjoy proximity to local parks, recreational opportunities,
established residential neighborhoods, schools, retail centers,
restaurants, and everyday services.
Unit Size
-
Days on Market
52 days
Land Size
0.80 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 28 days ago (SDMLS #NDP2608144)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2026 | Listed by AARE | $400,000 | |
| Listed by AARE | |||
Property Highlights
Exterior Details
Lot Features: Level
Lot Size Area: 34978
Lot Size Units: Square Feet
Lot Size Acres: 0.803
Lot Size Square Feet: 34978
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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HOA + Taxes
About San Andreas
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Listed by: Michelle Martinez, AARE
Last Updated: 28 days ago
Data Source: CRMLS, MLS# NDP2608144
Last Updated: 28 days ago
Data Source: CRMLS, MLS# NDP2608144
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