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    Remodeled Industrial Building For Sale Title is generated by Realmo AI

    199 HILLCREST Avenue, San Bernardino, CA 92405

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    For Sale
    $2,600,000

    Commercial Sale - San Bernardino, CA

    Property size:
    14,400 SF
    Price / SF:
    $180/SF
    Added:
    Sep 14, 2025
    Days on Market:
    249
    Last Refresh:
    May 20 at 1:06 pm

    Property Features for 199 HILLCREST Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    IL LIGHT INDUSTRIAL
    Standard status
    Active
    APN
    0141281110000
    Size
    14,400 SF

    Building Details

    Year built
    1968
    Architectural style
    Other

    We can help!

    Listing Contact
    RICK JACKSON
    RICK JACKSON

    Listing agent RICK JACKSON License #01258003

    Listing office JACKSON RIVERO PROPERTIES, INC 9219 TRAILHEAD PT., RIVERSIDE, CA

    Listing date Sep 14, 2025

    MLS# IV25217023 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Strategic location near Interstate 10 and 215 Freeway interchange for efficient transportation.
    • Possible seller financing up to 50% LTV.
    • Fully remodeled with modernized interior.
    • Ample power supply: Two 600 AMP/480V switch gear panels, two 200‑AMP 3‑phase panels, and one 100‑AMP sub‑panel.
    • Pro‑Forma Cap Rate: 7.00%.
    • Proximity to San Bernardino International Airport for efficient air logistics.

    Overview

    This industrial building, located near the intersection of Interstate 10 and the 215 Freeway, offers convenient access to major transportation routes. The building has been completely remodeled with a modernized interior. The total building area measures 14,235 square feet, including 1,287 square feet of office and restroom space, and a 12,948-square-foot warehouse. The property sits on a 25,250-square-foot (0.58 acres) lot with 57% lot coverage and 18 parking spaces. Access is provided via a street entrance to the office area and three roll-up doors. The property is equipped with ample power, including two 600 AMP/480V switch gear panels, two 200-AMP 3-phase panels, and one 100-AMP sub-panel. A fire hydrant is located directly in front of the property. The location is also minutes from San Bernardino International Airport. This versatile and well-equipped facility is suitable for businesses seeking a location in a high-traffic industrial hub.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Med Products Group (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • SecurCare Self Storage — 981 W Mill St, San Bernardino, CA 92410

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.2879472
    Latitude
    34.0822065

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    FAQs

    What type of property is this?
    Warehouse - Turnkey industrial property with modern upgrades in a prime location.
    Where is this warehouse located?
    The property is located at 199 HILLCREST Avenue San Bernardino, CA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Strategic location near Interstate 10 and 215 Freeway interchange for efficient transportation.; Possible seller financing up to 50% LTV.; **Fully remodeled with modernized interior.**
    (951) 236-6958
    We can help!
    Listing Contact
    RICK JACKSON
    RICK JACKSON
    Real Estate License ID: 01258003
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    199 HILLCREST Avenue, San Bernardino, CA 92405
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