651 N Waterman San Bernardino, CA 92410
COMMERCIAL - San Bernardino, CA
- Added:
- Feb 17, 2026
- Days on Market:
- 145
- Last Refresh:
- Jul 12 at 8:06 am
Property Features for 651 N Waterman
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0278161270000
Building Details
- Year built
- 1966
Listing agent Jerrold Tomeo License #01907707 (909) 981-4466
Listing office MGR REAL ESTATE, INC. 3800 Concourse Street #350, Upland, CA (909) 981-4466
Listing date Feb 17, 2026
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.
The property is located along N. Waterman Avenue in San Bernardino, positioned on a highly trafficked corridor that supports walk-up and drive-by exposure. Street frontage provides direct presence to the roadway and helps define an attractive address for retail and service-oriented operations.
The flexible configuration and the range of permitted commercial uses make this property suitable for a variety of owner-user and tenant scenarios, including retail, service, office, or specialty uses. Tenants and buyers looking for a commercial asset that can scale within the available footprint, while maintaining strong roadway presence and parking access, should find the layout and site features practical for their business model.
Key Highlights
- Commercial property on N. Waterman Avenue in San Bernardino (year built 1966)
- Up to +/-11,500 SF of versatile space for full occupancy or division into smaller spaces
- Prominent street frontage with signage opportunities along N. Waterman Avenue
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.4k | $20.64 |
| − Vacancy | −$15.2k | −$1.32 |
| EGI | $222.2k | $19.32 |
| − OpEx | −$66.7k | −$5.80 |
| NOI | $155.5k | $13.52 |
Alternative Uses
Property Analytics
Current Use by Public Records
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