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2562 Alpine Blvd 2,962 SF 100% Leased Retail Building Alpine, CA 91901 $2,300,000 ($776.50/SF) 6.61% Cap Rate
Investment Highlights
- $14,000+/Month Gross Income
- 2 Separate Parcels
- Large Value-Add Land Area
- 100% Occupied
- 3 Homes + 5 Office Spaces
- Property Extends from Blvd to Freeway
Executive Summary
Rare mixed-use investment opportunity in the heart of Alpine! This fully occupied 8-unit property sits on two separate parcels and offers a unique combination of 3 residential homes and 5 commercial office spaces, creating multiple income streams and long-term flexibility. Currently generating approximately $14,000 per month in gross rental income, this property presents an attractive opportunity for investors or owner-users alike.
Positioned on highly visible Alpine Blvd with the property extending from the boulevard to the freeway, the site benefits from excellent exposure, easy Interstate 8 access, and strong daily traffic counts. A large portion of the land remains underutilized, offering exciting value-add potential for future expansion or redevelopment (buyer to verify all possibilities with the County).
Whether you're looking to expand your investment portfolio, establish a business location with supplemental rental income, or capitalize on future development potential, opportunities like this are rarely available in Alpine's limited commercial market.
Highlights:
8 income-producing units
3 residential homes + 5 commercial offices
Two separate legal parcels
Fully occupied
Approx. $14,000/month gross income
High-visibility Alpine Blvd frontage
Property spans from the boulevard to the freeway
Large underutilized land area with future upside
Excellent access to Interstate 8
Rare mixed-use investment opportunity
Buyer to verify all financial information, zoning, permitted uses, development potential, and square footage to their satisfaction.
Positioned on highly visible Alpine Blvd with the property extending from the boulevard to the freeway, the site benefits from excellent exposure, easy Interstate 8 access, and strong daily traffic counts. A large portion of the land remains underutilized, offering exciting value-add potential for future expansion or redevelopment (buyer to verify all possibilities with the County).
Whether you're looking to expand your investment portfolio, establish a business location with supplemental rental income, or capitalize on future development potential, opportunities like this are rarely available in Alpine's limited commercial market.
Highlights:
8 income-producing units
3 residential homes + 5 commercial offices
Two separate legal parcels
Fully occupied
Approx. $14,000/month gross income
High-visibility Alpine Blvd frontage
Property spans from the boulevard to the freeway
Large underutilized land area with future upside
Excellent access to Interstate 8
Rare mixed-use investment opportunity
Buyer to verify all financial information, zoning, permitted uses, development potential, and square footage to their satisfaction.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$168,428
|
$56.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$168,428
|
$56.86
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,000
|
$5.40
|
| Net Operating Income |
$152,428
|
$51.46
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $168,428 |
| Annual Per SF | $56.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $168,428 |
| Annual Per SF | $56.86 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $5.40 |
| Net Operating Income | |
|---|---|
| Annual | $152,428 |
| Annual Per SF | $51.46 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
2,962 SF
Building Class
C
Year Built
1951
Price
$2,300,000
Price Per SF
$776.50
Cap Rate
6.61%
NOI
$152,030
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
2.22 AC
Zoning
C36, VR 15 - THERE ARE 2 PARCELS APN 403-310-12-00 WHICH IS C-36 & RESIDENTIAL VILLAGE VR 15 ZONING AND APN 403-310-11-00 WHICH IS C-36.
Parking
8 Spaces
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Diaz Auto Detail
- Services
- -
- -
- -
- Green America Construction
- Construction
- -
- -
- -
- Richard Higgins
- Professional, Scientific, and Technical Services
- -
- -
- -
- Solgen Solar
- Wholesaler
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Diaz Auto Detail | Services | - | - | - | ||
| Green America Construction | Construction | - | - | - | ||
| Richard Higgins | Professional, Scientific, and Technical Services | - | - | - | ||
| Solgen Solar | Wholesaler | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $141,070 (2026) | |
| Land Assessment | $470,288 (2026) | Total Assessment | $611,358 (2026) |
Property Taxes
Parcel Numbers
Land Assessment
$470,288 (2026)
Improvements Assessment
$141,070 (2026)
Total Assessment
$611,358 (2026)
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2562 Alpine Blvd