Remodeled Neighborhood
For Sale
$519,999
1408 W 9th Street, San Bernardino, CA 92411
Commercial Sale, San Bernardino, CA
Property Size1,092 SF
Lot Size0.16 Acres
Price / SF$476.19
Days on Market104
Property Features for 1408 W 9th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
274 - San Bernardino
Standard status
Active
APN
0139174400000
Size
1,092 SF
Lot size
0.16 Acres
Building Details
Year built
1946
Listing Agency:
HomeSmart
(760) 844-7500
Listed By:
Marcos Zeledon
(310) 403-7061
Added: Jun 5
Changed: Sep 12
Last Checked: Sep 16 at 8:06PM
MLS# 219148842
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,092-square-foot neighborhood mini-market occupies a 0.1635-acre property at 1408 W 9th Street in San Bernardino. The building, originally constructed in 1946, has been recently remodeled inside and out.
The established business offers everyday food items along with a broad beverage selection, including wine and beer, plus tobacco products. The property is offered in its existing condition, with buyers responsible for completing their own due diligence and investigations.
The established business offers everyday food items along with a broad beverage selection, including wine and beer, plus tobacco products. The property is offered in its existing condition, with buyers responsible for completing their own due diligence and investigations.
Key Highlights
- 1,092‑square‑foot neighborhood mini‑market
- 0.1635‑acre property at 1408 W 9th Street, San Bernardino, CA 92411
- Recently remodeled interior and exterior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,590
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,800
$351.8K
Cap Rate 7%
$251,286
$251.3K
Cap Rate 9%
$195,444
$195.4K
Market Conditions
NOI Build-Up for 1,092 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.9K $22.80/SF
− Vacancy
−$1.4K −$1.32/SF
EGI
$23.5K $21.48/SF
− OpEx
−$5.9K −$5.37/SF
NOI
$17.6K $16.11/SF
Area
San Bernardino, CA
Vacancy
5.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,800
Cap Rate 7%
$251,286
Cap Rate 9%
$195,444
Alternative Uses
Best Use
Specialty Retail
$251.3K
$219.9K – $293.2K
NOI $17,590 @ 7.0% cap · market cap 3.38%
Second Best
Retail
$211.0K
$184.6K – $246.1K
NOI $14,767 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$328.9K
$287.8K – $383.7K
NOI $23,021 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 33%
Electronics 6%
McDonald's
Dining
23,769 visits/mo
0.4 miles
AMPM
Shops & Services
6,711 visits/mo
0.5 miles
AutoZone
Shops & Services
5,750 visits/mo
0.4 miles
Domino's Pizza
Dining
2,767 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,691 visits/mo
0.5 miles
Demographics for 92411, CA
27,014
Population
7,065
Households
3.8
Avg Household Size
30
Median Age
7%
College-Educated
65%
High-School Grad
4.7 sq mi
ZIP Area
5,748
Density / Sq Mi
$55,457
Median Household Income
$31,320
Median Earnings
$1,355
Median Rent
$318,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- La Cadena Market #3 — 1111 W 9th St, San Bernardino, CA 92411
- La Cadena Market — 1109 W 9th St, San Bernardino, CA 92411
- Jimmy's Food Store — 1620 W Base Line St, San Bernardino, CA 92411
- El Super — 1578 W Base Line St, San Bernardino, CA 92411
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Recently remodeled market serving everyday grocery, beverage, wine, beer, and tobacco needs.
Where is this grocery and convenience store located?
The property is located at 1408 W 9th Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $519,999.
What are key features of this property?
This property features: 1,092‑square‑foot neighborhood mini‑market; 0.1635‑acre property at 1408 W 9th Street, San Bernardino, CA 92411; Recently remodeled interior and exterior
