Medical Office Suite with Two
For Sale
$550,000
4950 San Bernardino St, Montclair, CA 91763
Commercial Sale, Montclair, CA
Property Size1,469 SF
Price / SF$374.40
Days on Market213
Property Features for 4950 San Bernardino St
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
San Bernardino St & Monte Vista Ave
Subdivision
685 - Montclair
Standard status
Active
APN
1008651380000
Utilities
Cooling system
Central Air
Building Details
Year built
1973
Listing Agency:
Universal Elite Inc.
(949) 379-6713
Listed By:
Oliver Liu · License #01919930
(909) 979-0207
Added: Jan 30
Changed: Aug 24
Last Checked: Aug 31 at 12:06PM
MLS# TR26022402
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.
Investment Insights
Based on property information with market context.
Suite 216 is an approximately 1,469-square-foot medical office unit designed for clinical use, with a large waiting room and receptionist area recently remodeled to meet ADA requirements. Interior improvements include new marble countertops. The suite also features a nurse station, three doctor exam rooms, two private offices, a private restroom, and two storage rooms. A key operational feature is the presence of two separate entrances, supporting patient flow and staff access. The existing tenant is a pediatrician with more than seven years in place, with an OBGYN sharing the space.
The suite is located within the Montclair Medical Building, which has renovations completed in early 2017 and is approved for professional and medical use across 23 individual office condo units. Upgrades to the building include modern restrooms, designer lighting, and contemporary flooring, along with exterior improvements such as a new entrance, paint, landscaping, and a new parking lot. The property sits in a medical plaza that includes Montclair Hospital Medical Center (102 beds), Community Extended Care Hospital, and Montclair Royale (an assisted living center). Access to Interstate 10 is described as easy, and the location is minutes from Montclair Plaza and nearby retail and restaurant outlets.
For buyers or operators seeking an established medical space, Suite 216 is currently rented and a new three-year lease was signed on 1/1/24. Current rent is $3,406 per month, with HOA and property tax at approximately $835 per month. The seller also indicates willingness to accept half or full purchase price in RMB.
The suite is located within the Montclair Medical Building, which has renovations completed in early 2017 and is approved for professional and medical use across 23 individual office condo units. Upgrades to the building include modern restrooms, designer lighting, and contemporary flooring, along with exterior improvements such as a new entrance, paint, landscaping, and a new parking lot. The property sits in a medical plaza that includes Montclair Hospital Medical Center (102 beds), Community Extended Care Hospital, and Montclair Royale (an assisted living center). Access to Interstate 10 is described as easy, and the location is minutes from Montclair Plaza and nearby retail and restaurant outlets.
For buyers or operators seeking an established medical space, Suite 216 is currently rented and a new three-year lease was signed on 1/1/24. Current rent is $3,406 per month, with HOA and property tax at approximately $835 per month. The seller also indicates willingness to accept half or full purchase price in RMB.
Key Highlights
- Suite 216 is approximately 1,469 SF with a large waiting room, receptionist area, and 3 doctor exam rooms
- Suite 216 includes 2 private offices, a nurse station, private restroom, 2 storage rooms, and 2 separate entrances
- Waiting room and receptionist area recently remodeled for ADA compliance with new marble countertops
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
$17,291
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
3.14%
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%
$345,820
$345.8K
Cap Rate 7%
$247,014
$247.0K
Cap Rate 9%
$192,122
$192.1K
Market Conditions
NOI Build-Up for 1,469 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
$25.0K $17.04/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$23.1K $15.69/SF
− OpEx
−$5.8K −$3.92/SF
NOI
$17.3K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /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%
$345,820
Cap Rate 7%
$247,014
Cap Rate 9%
$192,122
Alternative Uses
Best Use
Office B
$247.0K
$216.1K – $288.2K
NOI $17,291 @ 7.0% cap · market cap 3.14%
Second Best
Healthcare Medical
$174.0K
$152.2K – $203.0K
NOI $12,177 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$309.9K
$271.1K – $361.5K
NOI $21,690 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91763, CA
37,631
Population
10,557
Households
3.6
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
5.3 sq mi
ZIP Area
7,100
Density / Sq Mi
$77,627
Median Household Income
$37,787
Median Earnings
$1,767
Median Rent
$550,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Remodeled ADA waiting area and exam-ready layout in a 23-suite medical office condominium building.
Where is this medical office space located?
The property is located at 4950 San Bernardino St Montclair, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Suite 216 is approximately 1,469 SF with a large waiting room, receptionist area, and 3 doctor exam rooms; Suite 216 includes 2 private offices, a nurse station, private restroom, 2 storage rooms, and 2 separate entrances; Waiting room and receptionist area recently remodeled for ADA compliance with new marble countertops
